Buying $9 Million in Multifamily Apartments on Your Own with Matt Deboth! | From Military to Millionaire Podcast

Episode: 128
Matt Deboth
Join your hosts, David Pere and Alex Felice, with guest Matt DeBoth as they talk about what cross collateral deals are and how Matt acquires multi-million dollar real estate or multifamily buildings without putting money down.
 
With deals, Matt works on everything in-house. He's got a management team that handles cleaning the property, raising its rent, occupancy, and conducting the needed tenant relations. Even when he bumps into significant damages, he knows he's got a team lined up waiting.
 
In this episode, tune in as Matt shares the method he used that helped him achieve nothing else but growth from his first-ever investment of hacking a 20-unit apartment alone – with no partner.
 
About Matt DeBoth:
 
Matt DeBoth is a Marine Corps veteran who served from 2003-2011 as Force Recon Marine, deploying to Iraq, Afghanistan, and Africa. Matt purchased a 20-unit apartment complex during his last combat deployment and hacked it upon his exit from the service.
 
Matt currently invests in the Midwest and owns a portfolio of 142 rental units. Since 2011, he has flipped 25-plus rental units and BRRRRed multi-million dollar apartment buildings, all while using traditional funding from banks.
 
Recently, Matt has started a full rehab on a 48-unit apartment building located in Des Moines, Iowa. Additionally, he sold his laundromat and began repositioning his portfolio to hold mid-to-large-sized apartment buildings. Working as the general contractor and asset manager for his portfolio, Matt has found his value-add appreciation and creative financing expertise.
 
Matt currently hosts a local real estate meetup and uses his free time to educate others on real estate investing. Being a part of multiple mastermind groups, reading investment books, and being a podcast buff, Matt views himself as a lifelong student.
 
Outline of the episode:
 
[02:40] What is cross-collateralization?
[05:40] Introducing yourself to the tenants of your acquired property.
[12:31] A significant factor people don't realize about multi and single-family acquisitions.
[17:03] On taking risks while you're still young.
[30:23] The plan for 2021.
[35:00] What's going on with BiggerPockets?
[44:27] Personal or business-related, build different goals and stick to them.
[47:25] Be accountable when you set goals.
[49:12] One of the many roles that masterminds play in our lives.
[52:11] Don't do everything on your own – delegate!
[1:02:11] The life hacks side of TikTok; Rising App where Elon and personalities alike talk.
 
Resources:
 
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Sponsor: Our super affordable real estate investing for beginners course! link
 
Real Estate Investing Course: link
Recommended books and tools: link
Become an investor: link
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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having succe