157: The Real Estate Opportunity You Can't Afford to Ignore with Matt Fore

Maximizing ROI: The Untapped Wealth of Car Washes!

In this special Real Estate Runway Podcast episode, host Chad Sutton welcomes seasoned real estate investor Matt Fore, who transitioned from tech sales to amassing an impressive portfolio, including 4,000 apartment units, 12 self-storage facilities, 30 car washes, and 5 mobile home parks.

They delve into the lucrative car wash industry, emphasizing its fragmented market, tax advantages like 15-year depreciation schedules and bonus depreciation, and the potential for private equity funds to invest in cash flow portfolios. They stress the need for both capital and time to maximize investments and explore various exit strategies. The conversation also touches on current economic challenges and solutions and shares insights into the U.S. economy's resilience and innovation.

Tune in for a condensed yet informative discussion to stay informed and make strategic investment decisions.

 

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[00:00 - 09:04] From Tech Sales to Real Estate Empire: Matt's Diverse Investment Journey

Chad welcomes back guest Matt Fore, an OG in the real estate runway community, for a lively conversation about real estate investments Matt shares how he transitioned from a career in technology sales to real estate investing Matt has grown his portfolio to include self-storage, car washes, apartments, and more Matt explains the allure of car washes as an investment, highlighting their strong cash flow, tax benefits, and the fragmented nature of the market 

 

[09:04 - 21:12] Tax Benefits, Cash Reserves, and Market Insights

Matt underscores the significance of maintaining robust cash reserves to handle unforeseen challenges and capital calls in real estate investments The multifamily market is experiencing a slowdown in transactions, with operators holding properties in hopes of selling at higher prices Valuable advice is given to investors, emphasizing the importance of asking operators about cash reserves, loan maturities, extension options, and financial planning for stable real estate investments

 

[21:13 - 20:28] Navigating Challenges and Shifting Portfolios

The slowdown in real estate transactions due to rising interest rates and oversupply issues in self-storage markets is discussed They anticipate a stabilization of interest rates in 2024-2025 and suggest potential government interventions A shift from C-class to A-class assets in response to market changes, emphasizing the importance of aligning investments with evolving conditions for long-term success, is highlighted

 

[20:29 - 38:07] Bet on America: Navigating Economic Challenges with Confidence

Matt discusses how the U.S. economy has historically bounced back from challenges, emphasizing American innovation and adaptability.z They advise listeners to ignore sensationalized news and focus on the positive aspects of life, such as increased life expectancy and overall wealth He expresses their confidence in the U.S. economy's ability to thrive despite uncertainties and encourages listeners to bet on it

 

Quotes: 

"The car wash industry offers incredible opportunities due to its fragmented market and attractive tax benefits, including a 15-year depreciation schedule and bonus depreciation opportunities." - Matt Fore

"Creative solutions, such as extending mortgage terms and changes in tax laws, can help real estate investors navigate economic challenges successfully." - Matt Fore

 

Connect with Matt through

Linkedin,Instagram

Go to his website: https://icecreamwithinvestors.com/

Or listen to his Podcast: Ice Cream with Investors

 

LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com.

Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.

 

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