Everyone NEEDS Real Estate. Anyone Can Invest In It. Not Everybody Will. Will You?
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(Voice Over): Are you tired of working for a living? Are you tired of being responsible? If you are truly ready to change your life and take immediate control of your finances, you’re about to meet a man that will transform your financial future and grant you your wildest missions.
You’ll recognize him for his Emmy award winning work on the number one TV show, Fire Your Boss in 24 Hours or Less. He sold 10 million books and he’s trained 20 million people. He’s closed 30 million real estate transactions this month.
Donald Trump has his number on speed dial. And he is about to introduce to a system, a system of which you will never have to leave the comfort of your couch
All you have to do is to press a button and money will magically appear in your mailbox each and every day.
Matthew Theriault: (pause) No. Let’s try something new. Let’s try something unique. How about the truth? (laughing) Epic Real Estate Investing Podcast Episode One.
(Voice Over): You’re about to meet a man that can show you how he took control of his life and financial future and how you can do the same. He’s never been on TV.
He’s not a millionaire. He doesn’t know Donald Trump. He is a full time real estate investor, newly discovered author, and family man. He does not report to a boss.
He creates his own schedule and takes his family on a few vacations every year. He got started investing in real estate with almost no money and a really crummy credit score.
And he’s going to show you exactly how he did it and how he continues to do it. You will have to work.
You will have to be responsible. However, laying the beach, sipping fruity drinks is a reasonable goal. Without further delay, your guru. Sorry. Your guide to a better life through real estate investing, Matt Theriault.
Matt: Hello. And greetings from The Epic Real state Investing Podcast. The podcast that will show you how to create wealth through conventional and creative real estate investing so you will have the option to realistically retire in the next 10 years or less.
Enjoy the good life while you’re still young enough to do so. Thank you for joining us on our very first show. My name is Matt Theriault, author, full time real estate investor, and family man.
A man on a mission to tell you how it really is. What it takes to be a successful real estate investor, how to reduce your risk and limit your liability, how to run your real estate investing business like a business so that your business is working for you and you’re not working for your business.
How to choose the strategies that will work for you, why most of the creative real estate investing strategies being taught by today’s gurus that rarely work well.
And how to earn tax-free legally honestly and ethically for the rest of your life. And how to create a legacy that pass on for generations to come.
Specifically, how to be the revered, respected, and remembered branch of your family tree? You know, that one branch that holds the tires swing, the fun guy, the fun relative, the fun girl, and the fun aunt. That’s what I want for you.
This is an educational podcast. I’m here to educate not here to sell you. Now keep in mind however this podcast is free. You don’t pay anything to listen to it. I don’t make anything from making it.
So, from time to time, so that I can continue to produce this podcast, I might ask you to do business with me. No, I will ask you to do business with me. For example, I will soon releasing a book titled “Investors Fast Start: The Four Fastest Paths to Cash In Real Estate Investing.”
You can best believe when it’s complete that I’m going to let you know about it. I promise though. I promise not to be obnoxious or overwhelm you with the promotion.
But I’m going to let you know all about it. From time to time, I will guests for the show as well. Some of them might have something to promote.
I’m not going to stop them from doing so. However, 95% of the show will be educational. You have my word on that. I’m not going to hold anything back. I’m going to give it all to you.
To begin with the gesture of good faith, I put together a free course for you “How To Do Deals No Money Required.”
It’s 100% free. No strings attached. I put my heart and soul into the course to give you what the majority of people want. Most people want to know how to do a deal using all money or credit.
So I put a course together in a step-by-step format of which I disclosed everything that I do, everything that I say, every resource I use, including the documents and all the contracts I use.
I give you everything. I’m making that available that to you and I’m asking for nothing in return. It’s yours for free. It’s my gift to you.
Now, aren’t you glad you decided to listen to this podcast? You can get your hands on this free real estate investing course of how to do deals, no money required at freerealestateinvestingcourse.com.
There’s no funny spellings, no hyphens, no spaces. Just spell it out. Freerealestateinvestingcourse.com.
My only request is that you follow the course as it is designed. Resist skipping around. Follow it as it’s designed and move it to the speed of the instructions.
I’ve promise you if you don’t, it’s going to lead to frustration and discouragement. I want you to succeed at this.
I mean if you have a propensity to rip open boxes and just starting putting things together and ignoring the instructions. This would be a good time to break that habit. Real estate investing is not a jumping and slam it together type of thing.
So do me a favor or do yourself a favor rather. Start at step 1 of which you can access at freerealestateinvestingcourse.com.
So, why would I do this? Why would I give you a free course of which I disclose and reveal everything?
Why would I give that to you for free? Well unless somebody does, most of you simply just don’t have a chance and everyone in my opinion, everyone deserves a chance or two or maybe three.
And what do I mean that you don’t have a chance? Well I mean you don’t have a chance at retirement. Let alone any sort of financial freedom before then unless you get involved in real estate.
I mean did you know that as per the Department of Health and Human Services that 95% of today’s 65 year-olds, they are either dead or dead broke.
95%, 95% are going to make it. Now this always makes me think, who was this 95% of the population taking their financial advice from?
Probably from the other 95% but more importantly whom are you taking your financial advice from? Are you taking it from your neighbor or the person that lives in the same neighborhood as you, with the same type of house, drives the same type of car?
Or you take in your financial advice from the guy or the girl that sits in the cubicle next to you at work.
Or you take it from your broke brother that you see once or twice a year (laughing). I don’t know during family get together. As you were out the door, he was asking you for a loan. I had one of those by the way. That’s how I know.
Are you taking your financial advice from someone who has what you want? Are you taking your financial advice from someone who has more than you at least? I mean let me ask you.
If you want to be a doctor, wouldn’t it make sense to get advice and learn from a doctor? If you wanted to fly a plane, wouldn’t it make sense to learn from a pilot?
If you wanted to make it to the major leagues, where would be your best advice come from? A little league coach or a major league manager?
I mean these are all relatively logical questions with logical answers. Right? So what if you wanted to become financially free? Where should you seek advice?
I mean doesn’t it make sense to get it from someone who is financially free? I mean of course it does. But where do we get our financial advice?
Here’s the fundamental breakdown in the world. The first and primary place where we get our financial advice from is home. Our parents.
If you weren’t blessed financially free parents. I’m sorry. There is a really strong chance that you won’t learn to be financially free.
You’re certainly not going to learn to be financially free from your primary source of financial education. I mean rich parents teach their kids to be rich. Poor parents teach their kids to be poor.
There are some exceptions out there but essentially that’s the gist. And this is about our purpose of course. All parents want the best for their kids. But we can only teach what we know.
I mean the tragedy is when it comes to money. Most people think they know. I mean, how could they possibly know though. How could they possibly know when 95% of them reach the age of 65, either dead or dead broke. 95%!
That’s everybody. There’s an ancient Chinese proverb that says, “to know and not do is to not know.” And that’s what I mean when I say, “If you weren’t blessed with rich parents, you are not going to be rich by the way of the status quo.”
You have to learn how to get there from another source. So where’s the other source? Where is this secondary source we get our financial education from? The second of our financial education is our school system unfortunately.
Unfortunately because their idea of financial education is to go to school, get good grades, and get a good job.
Work their 40 years in then you get to enjoy life when you are 65 years old. That’s what we are taught. If what’s we have been taught for decades. You know, it works for a while but not anymore.
95% of us today are not going to make it under that plan. And the way world is looking right now, the number is going to increase.
That’s my opinion, by the way. I mean. None of us have a crystal ball but at some point ignoring the writing on the wall is a losing strategy.
The rules are changing. That’s the bad news. You can change however. And that’s the good news. By the way, don’t hold it against your parents or the school system with regard to where you are in life.
It’s not their fault. It’s just what they were taught or what they were told to do. Don’t be mad at your grandparents either because it’s what they were taught also.
Besides all of that is behind us, there’s nothing we can do about that. The past is the past. All we can control is the present. And by controlling your present, your future is created.
So the place where you want to place your focus, the question you want to ask yourself is “where is it going to stop in your family tree?”
I know on my family that the bus stops are with me. I’m a brand new father. And I’m so envious of my son. I wish I were my son.
I’m so envious of him because he is going to be raised not knowing any different. He is going to know one way.
He is going to know the way to financial freedom. You see whether from our parents or school system or combination of the two, financial education consisted of us sending our money to the government, retail banks, investment banks, financial planners, etc.
By the way, the vast majority of financial planners are not financially educated. It’s an oxymoron almost. They’re not financially educated. They are sales trained.
If they were to lead their clients to the right path, more than 5% of our country would be prepared to retire.
Our school system has taught us from the beginning to send our money to other people, to other organizations, to institutions, to entrust with our money.
True financial education consists of teaching you how to have money sent to you. That’s what my son is going to learn. He will learn it from Day One.
And that’s a big part for this podcast. I know what I’m going to teach my kids. What are you going to teach yours? What are you currently teaching them? What are you teaching them right now?
You know, I don’t what you’re teaching your kids right now. I’m not saying you’re teaching your kids wrong. You know your situation much better than I do but it is question to ponder. That much more on that on the episodes to come.
So back to our previous discussion, 95% of the population continues to miss the boat. 95%. 4% just barely make it and only 1% reaches the age of 65 in that wealthy status. And define by the Department of Health and Human Services, that having a net worth of $5 million or more.
Now in my opinion, just the definition of wealth. That definition of wealth is part of the problem that which continues to cover an episode to come. Now we established earlier that if you want to be rich, you should learn from rich people. Right?
So if we look at that one percent is doing and how they got to wealthy status. I mean that would make a good starting point I think. Right?
I think so. But even before we learn from the wealthy 1%, please, please, please, please stop learning from the poor 95%. Stop taking your advice from that group because if you continue to do what they do, you will continue to get what they got.
So stop doing what poor people do and start doing what rich people do. I mean if you want to be rich of course. So what do they do? Of this 1% wealthy population, 10% of them are doctors and attorneys.
But let me ask you, do all doctors and attorneys make it to wealthy status? No. They don’t. Just your most educated ones and the ones are active on what they learned.
Another 10% of this wealthy 1% consists of CEOs and presidents. Now, do all CEOs and presidents make it wealthy status? No. Just your most educated ones. The ones acted on what they learned.
5% of this wealthy population is your super sales people. Now, do all salespeople make it to wealthy status? They don’t. Do they? Just your most educated or the ones who acted on what they learned.
And a whopping 1% of the wealthy is lottery winners or inherited their wealth. I’ll ask the same question. Do all lottery winners make it to wealthy status? No. They don’t.
2 out of 3 lottery winners not only find themselves broke within 5 years of their winning. They find themselves in a worst position than before they won. So what does that says?
If I was just granted each and every one of you, each and every one of you that’s listening to my voice right now. If I granted each and every one of you your $5 million to put in that wealthy status. I gave your $5 million. Poof!
You’re all considered now wealthy. Within 5 years, two thirds would not have it. And what does that says? The lottery winners that make it to the wealthy status are your most educated ones.
The ones that acted on their financial education. Even if you’re wealth is given to you, you better be financially educated and know what to do with it.
And by the way, your athletes and celebrities, they’re hardly a measurable sector of the population. Did you know 4 out of 5 professional athletes are broke within 5 year of their retirement?
Regardless of how much they might have earned during their earlier days. This nation has a serious issue affecting society. Is the reasons you continue to hear that the gap between the rich and the poor is getting bigger, bigger, and bigger?
You hear more and more these days that the middle class is disappearing. Because 95% of the population is financially illiterate. Now if you have been keeping track of these numbers, there is still 74% of this wealthiest 1% of our country that is unaccounted for. Right?
What do you think they have in common? I mean obviously it is the key to wealth. Isn’t it? I mean if 74% created their wealth in this way, it must be the place where the greatest possibility of wealth exists. Right?
I mean it represents 70 times greater possibility than a few were a doctor, a lawyer, a CEO, or a company president. 7 times almost a 15 times greater possibility than our super sale person and the 70 times greater possibility than those inherit their money. And in almost infinite times greater possibility well I didn’t fit in it except there.
Then our entertainers and athletes. 74% of the wealthiest 1% of our country’s population created their wealth through business ownership and real estate investing.
Now, if you want to be wealthy, if you want to be rich, you must first remember is to stop doing what poor people do. That’s the starting point. And then start doing what rich people do.
And as I’ve shared, there are several paths you can take to get there but for me, it just makes sense to take the path where your possibility of success is the greatest. And that’s what this podcast is about.
Business ownership and real estate investing. With the heavy emphasis on the real estate part. That’s why I created it. Everyone deserves to know how to properly run a business and invest in real estate because if they don’t. They just flat out don’t have the chance.
They don’t have the chance to ever take the food off the gas in life. They don’t have a chance unless they learn how. They are forever sentence to a life of a worker bee. That’s why I created this podcast because I want more out of life.
And I want more of life for you. Now when I learned of these statistics about 6 years ago, I mean, the next question for me was, what makes real estate such a powerful vehicle for creating wealth? How come your possibility to build this is so much greater outside real estate investing than any other vehicle?
Well after extensive research, I’ve come to call it an ideal investment. And ideal is an acronym. The I stands for income. In real estate with the solitary focus, you can generate both active and passive income.
What makes that so nice is the potential for an income is so high; it can literally create and feed the passive income. It’s perpetual. They feed each other.
And it’s an income that last essentially forever for as long as it’s properly managed and maintained.
The D in our ideal acronym stands for deductions and depreciation. Something that I learned later than I would have liked to in life was that it’s estimated that somewhere between 50% and 55% of Americans income will go to taxes and some shapes, form, or fashion.
55%. That’s more than half of your lifetime income. And another thing I learned a little later in life than I would have liked to is that the average American with the purchase of just a couple of investment properties can virtually eliminate their tax liability.
Virtually eliminate or wipe it out. You want to confirm this with your own CPA. I’m not a CPA. I’m not giving accounting advice.
You want to confirm for your own unique situation. Everybody is different but I’m very comfortable in issuing blanket statement that the average American with the purchase of just a couple of investment of properties can virtually eliminate their tax liability.
That would double your take home pay. The money that you’re already going to work everyday and working for. It would double your take home pay almost instantly. Even if you never made a dime off the real estate itself. I mean isn’t that powerful?
I wish somebody had told me that a lot earlier in life. That’s eliminating your tax burden honestly, ethically, morally, and legally.
You know, there is so much complaining coming from society that the rich unfairly get all of the tax breaks. It’s not unfair.
The same tax laws govern each and every American. You just have to know the laws. You have to know the rules. And to put it all in a nutshell rather than going through and reading a bunch of tax code. Just buy some real estate.
Buy some real estate and get a good CPA. That’s a major rule that takes care of a bunch of what ails most Americans. The E and R ideal acronyms stand for equity.
That’s the difference between what you all you want on a property and what the property is worth. Over time for the educated real estate investor, equity grows.
And it grows into two ways. First, by debt pay down. And second, which brings to the A in our ideal acronym is appreciation. Over time real estate has always proven to appreciate.
Now nobody has a crystal ball not even me. And none of us know what’s going to happen even your specialist on TV or your favorite guru. They don’t know either. I promise you.
Nor do we know when it is going to happen. I’m not going to get into that argument but what I will argue is the economic principle of supply and demand.
You see, when demand goes up so does value, so does appreciation. And in the real estate, the supplies are represented by available land. And that people represent the demand. First, the supply is fixed. We are not making anymore land.
Well if you don’t count the lava flow that increases the big island of Hawaii every year. And the man made islands that they’re making in Dubai. Land is pretty much fixed. We are not making it anymore. We got what we got.
People however will continue make them. We continue to make people. Each major generation is bigger than the previous. I mean there are more babies born in 2007 than in any other year in history. The demand for real estate isn’t going anywhere. Those people they need some place to live.
There would be ups and downs along the way but appreciation. It’s pretty safe bet if you hedge that bet a little bit of cash flow to carry you to the low cycles, to carry you through the lean times.
And then finally, the L in our IDEAL acronyms stands for leverage. In my opinion, probably the most powerful aspect of real estate. I’m sure there are just as many people out there that would argue against leverage, as there is that would argue for it. But I’m one that would argue for it.
Responsible and manage leverage in real estate is essentially wealth creation on steroids. And we will talk about that extensively in episodes to come. Now on aspect that doesn’t get as much as attention as it should that makes real estate so great is that it’s tangible.
You can touch it. It’s real. It’s not a piece of paper or an imaginary number in cyberspace that can rise and fall overnight just because someone sneezed. That it can rise and fall because the wind change directions or someone is just simply in a bad mood that going to dictate my investment’s value.
Real estate is real thus the name, real. At stake, that’s 50% of the whist of this podcast because you just simply don’t have a chance unless you figure out the real estate game.
The second half of the wife of this podcast plain and simple is that you’re being lied to. The audio programs, the infomercials, the seminars, the boot camps, or what have you are flat out lying to you.
The real investing education industry business models to make real estate invest look easy. Like all you have to do is push a button and money will magically show up on your mailbox each and everyday.
Then you too lay out by your pool with skimpy bathing suit clad models splashing around while you sit in the shade and sip your drinks.
This isn’t easy. Real estate investing isn’t easy. If it were everyone would be wealthy. The real estate investing education industry wouldn’t even exist if it were easy. You’d buy a book and you’d be done. However, of all the way to create wealth, it is the easiest.
Real estate is the final frontier where the average person has a shot at financial freedom. I ask what is your financial freedom worth? What is it worth to your family? What would it be worth to you if you could create that freedom for your family?
How would that make you feel? How would you make them feel? In return, how would that make you feel again? Pretty awesome. I know. And for that reason you deserve to know how to create wealth through real estate investing the right way.
A realistic way with realistic expectations and in a managed and responsible way. Real estate investing is a skill. It’s not a “buy a book and now I know how to do” type of thing. It’s a skill.
It takes time to develop that skill but the good news is that skills can be learned. Real estate is not reserved for the privileged, the talented, and the intelligent
I mean anyone can learn this skill. And yes even you. And if you’re going to create wealth or if you want financial and time freedom, you are going to have developed the skill.
That’s how we are compensated in this world. We are each paid based off on what we do, how we do it, and how difficult it is to replace us.
We are paid by the caliber of our skills. So to reach out financial freedom, you are going to have to hone a skill one way or another. So doesn’t make sense to hone the one skill where you have 7 times the possibility of succeeding than the next most powerful skill?
I mean it just makes sense to me. But again, you know your situation better than I do. And that’s the second reason why for this podcast. The first one is you don’t have a chance unless you get involve in real estate.
And the second is you are being lied to. You’ve got to learn how to do it and learn how to do it the right way without the get rich quick and easy methods and services and software and systems and all that stuff distracting you.
This business is not easy but it is rather simple. Keep it simple. Stay focused. Take consistent action and stick with it. And all of the time and money freedom real estate investing can provide is yours for the taking.
Doing the right activities consistently and doing them long enough will guarantee your success. It’s guaranteed. Okay. I’m going to wrap up this episode with “who am I?”
Who is this guy? Is he just another guru? Is he qualified to be saying what’s he is saying? Is he qualified to be teaching what he is teaching? I mean I suppose that’s a debate depending on where you are in your real estate investing journey.
I’ll tell you exactly who I am and what I have done and what I am currently doing. Then you can decide if want to stick or not.
I am 5th generation California native and desert storm veteran and United States Marine Corps Devil Dogs out there. I’ve worked as a full time real estate professional since 2003.
Now as mentioned in this show’s introduction. I’m not a millionaire yet. I am full time real estate investor.
Please not to be confused with real estate agent. Although I am licensed in California, I am newly discovered author and family man, I don’t report to a boss.
I create my own schedule everyday. I get to take my family on a few reasonably extended vacations every year.
I get started on real estate with almost no money and a really crummy, lousy credit scores. I’m still not very good. I can show you exactly how I did it and how I continually do it.
I’ve closed 50 plus real estate transaction in the 18 months. As I write this, I’m managing a few deals a month. I’ve discovered that I have a knack for simplifying the complicated for implementing systems and producing desirable results for others and myself.
I’m really just a normal guy who once had a goal to be successful on real estate investing and I wanted to master the multiple streams of passive income concept.
As an experienced and accomplished professional, I felt writing and teaching what’s the next logical step of my journey.
Also because of the issues surrounding our economy today. I’m especially interested in informing of what multiple streams of income in real estate investing can do for them.
I’m grateful for my friends and associates, mentors, and community for how they empower to pursue and achieve so many of my dreams. I mean this Epic Real
Investing podcast is simply an outlet for me to show what I’ve learned and give back. If I happen to create mutually beneficial professional relationships among my audience along the way, all the better.
The most rewarding part though about my professional life is receiving all the great comments from people. People just like you. People who have taken the information that I share with them.
They go out and put it to use and produce desirable results. All the gratitude and praise for my hard work drives me. It drives to work even harder on my own real estate.
It drives to work harder on my own websites and the show, to continually updating information and providing the world with the most practical and useful real estate investing information possible.
There is nothing more rewarding than what I hear someone close the deal because of something they learned from me. I love it. I mean just today, I got a call.
Actually my partner got a call from someone that attended one of my workshops just 30 days ago. I had a workshop call on how to do a deal in 30 days.
I put everybody to the test that was in the workshop. Actually as I am recording this, tomorrow is the 30-day anniversary from that workshop. One of the people will find out if there is more tomorrow but one of those people that attended that workshop actually put a short sale under contract today.
There is nothing more rewarding than that. I love it. So that’s who I am and that’s what I do. If you consider yourself further in your real estate investing career, I don’t know if there is anything that I can teach you. Maybe I can, maybe I can’t I don’t know.
Either way, or regardless of where you are in your journey, anyone within a binded mindset and willingness to help others is welcome here in the Real Estate Investing Podcast.
You want to tune in to the next few episodes by taking 4 or 5 or half dozen of episodes to complete, as I will be covering overall approach as to how you can virtually eliminate the risks form your real estate investing.
That’s a bold statement I know specifically what I mean is driving a car is risky. Right? I mean it’s the number 5 killer in America. Yet each and every day we get to work cars without getting in without a second thought.
We even strap our kids in the back seat for the ride. Right? We’re willing to do that. It’s the number 5 killer in America. Why would we put our kids in the backseat? Let alone let ourselves in the car. You know why? Because we learned to manage our risk.
We stay on the right hand side of the road. We stop at the red light. We go with the green light. We keep both hands on the steering wheel. We change oil every few thousand miles. Because we do, our odds at arriving destination everyday are pretty darn good. They’re really good.
That’s what I mean by virtually eliminating the risks. Now, imagine investing in real estate with the same confidence that you drive a car. What would your life look like if you did? How would that make you feel?
At the very least, I promise you that debt by real estate is not top 100 causes of death in America. But it’s not on the list.
I don’t know. I’ve never looked that one down very far. You know what I mean. As long as you continue to do commit to your education and obey the rules, just like you learn how to drive a car and you continue to obey the rules today.
As long as you continue to commit to your real estate investing education and obey the real estate rules, you will realize just like I have that real estate investing is the safest investing there is.
And when people tell you that it’s risky or they tell you that you’re risky. You just nod your head. Let them have their opinion. You’ll have yours. And you will know the truth. You’’ come to learn that I’m extremely conservative. I don’t like to lose. I don’t like to gamble.
And because I don’t, I haven’t lost yet. Knock on wood. I’ve had a few close calls but I always come out on top and over the next half a dozen episodes, I’ll show exactly how I do that. As always, most importantly, how you can do it too.
I intend to be here once a week for the most part. Maybe twice a week when I’m feeling ambitious and maybe a week here and there might get skip when I’m vacationing. But for the most part, I’ll be here most part. I’ll be here once a week for 20 to 30 minutes segments as not to overwhelm you.
I believe in bite-sized learning as it confused and overwhelm mind is absolutely nothing. We don’t want to do that. We want to do something. So, that’s it for today form Epic Real Estate Investing.
As a very wise man who once said, “formal education will make you living. Self-education will make you a fortune.” To your success, I am Matt Theriault. Living the dream.
(Voice Over): Thank you for spending this time with Matt Theriault and the Epic Real Estate Investing Podcast. When you haven’t, stop by iTunes to leave your comments and let us know what think of this show. And if you haven’t done so already, get started investing today by visiting Freerealestateinvestingcourse.com to access Matt’s free course on how to do deals no money required. Until next time. To your success.