Dec 20, 2021
In today’s show, Pancham interviews Matt Picheny - aspiring actor-turned-full time investor, operator of thousands of apartment units, and founder of Picheny.
From bagging Tony Awards® as co-Producers of the Broadway shows Moulin Rouge! and American Utopia and investing in broadway productions, he is now back in this show as a full-time investor and the author of his upcoming book “Backstage Guide to Real Estate: Produce Passive Income, Write Your Own Story, and Direct Your Dollars Toward Positive Change''!
In this episode, Matt is back as he shares his transition from being an actor, then working in the tech industry, and finally learning about syndications. He’ll also provide insights on his book as he tackles his catalyst on why he started writing one, why it’s easy to understand (even for beginners!), and real estate concepts that you can look out for!
Listen and enjoy the show!
Quote:
“It really opened my eyes to real estate and the power of real estate. I was like “Wow! I need to do that again. I need to figure out how do I start doing this.”
Timestamped Shownotes:
- 1:26 - Pancham welcomes back Matt to the show
- 4:43 - How selling his old apartment got him to see the power of investing
- 10:26 - How the Rich Dad Poor Dad audiobook and Hamilton soundtrack’s “My Shot” pushed him to scale up to multi-family syndications
- 16:27 - On making complex real estate concepts easier through his book
- 24:21 - Biggest takeaway aspiring investors could get from his book
- 28:32 - Taking the Leap Round
- 28:32 - How setting goals helped him live a purposeful life
- 29:37 - Why The Creature from Jekyll Island provided an impact on his life
- 31:54 - How launching his own book helped him get out of his comfort zone
- 32:41 - How you can get a copy of his book “Backstage Guide To Real Estate”
3 Key Points:
- Investing through multifamily syndications is ideal since it is scalable - unlike in single-family homes wherein it might be quite hard to scale up your investing business.
- His book would help investors understand the concepts of investing and could relate to anyone as it starts with his journey and goes through a guide of sizing up syndications.
- You shouldn’t trade your time for money as you could always generate money but you couldn't always produce time.
Get in Touch:
- Get a copy of his book “Backstage Guide To Real Estate: Produce Passive Income, Write Your Own Story, and Direct Your Dollars Toward Positive Change.” at backstage@thegoldcollarinvestor.com
- Matt Picheny Website - https://picheny.com/
- Listen to Matt’s previous guesting in TGCI #22 at https://thegoldcollarinvestor.com/tgci-22-investing-in-broadway-shows/
- The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/
Books:
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
- The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin - https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X