Episode 228: Real Estate Investor Ed Mathews Discusses Flipping Houses and Multifamily Investing

05/13/24 • 37 min

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

In this episode, host Mike Tighe interviews Ed Mathews, the founder of Clark Street Capital. Ed shares his journey in real estate investing, from flipping houses to focusing on multifamily properties. He discusses the advantages of multifamily investing, including creating cash flow and building long-term wealth. Ed also explains why he decided to bring property management in-house and the benefits of vertical integration. He emphasizes the importance of finding mentors and learning from experienced investors in order to succeed in the real estate industry.

Some key takeaways from this episode:

Ed Mathews transitioned from flipping houses to focusing on multifamily properties to create long-term wealth
Multifamily investing provides cash flow and the potential for generational wealth
Bringing property management in-house allows for better control and ensures properties are managed according to Ed's standards
Finding mentors and learning from experienced investors is crucial for success in real estate investing
Ed emphasizes the importance of building relationships and networking within the real estate industry

How to connect with Ed:

Website: www.clarkst.com

LinkedIn: Ed Matthew

Learn more about Mike and Shawn:

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

Some key takeaways from this episode:

Ed Mathews transitioned from flipping houses to focusing on multifamily properties to create long-term wealth
Multifamily investing provides cash flow and the potential for generational wealth
Bringing property management in-house allows for better control and ensures properties are managed according to Ed's standards
Finding mentors and learning from experienced investors is crucial for success in real estate investing
Ed emphasizes the importance of building relationships and networking within the real estate industry

How to connect with Ed:

Website: www.clarkst.com

LinkedIn: Ed Matthew

Learn more about Mike and Shawn:

Previous Episode

Host Edition: Hosts Discuss Declining Revenue and Changing Strategies In The Airbnb Market

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tighe discuss the challenges they have faced in the short-term rental market, specifically with Airbnb properties. They analyze the decline in revenue and the increasing competition in the market. Shawn shares his experience with maintaining luxury properties and the high expense ratios associated with them. They discuss strategies for addressing guest issues and managing refunds. The hosts also explore the idea of investing in smaller, unique stays as a way to reduce expenses and simplify operations.

Some key takeaways from this episode:

The short-term rental market, particularly Airbnb, has become increasingly competitive, leading to a decline in revenue for many hosts
Luxury properties come with high expense ratios due to the maintenance and upkeep required for amenities such as pools, hot tubs, and large kitchens
Addressing guest issues promptly and effectively can help mitigate negative reviews and potential refund requests
Investing in smaller, unique stays can reduce expenses and simplify operations, offering a more manageable and cost-effective approach to short-term rentals
Expense ratios should be considered alongside income figures when evaluating the profitability of short-term rental properties

Learn more about Mike and Shawn:

Next Episode

Host Edition: Key Considerations for Real Estate Partnerships

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss the important factors to consider when partnering with other investors for real estate deals. They provide valuable insights and advice based on their own experiences in the industry. The hosts cover topics such as the earnest money deposit, lending, asset management, property management, banking and financials, reporting to investors, construction and project management, and sale and disposition. They emphasize the need for clear communication and alignment of goals when entering into a partnership. Listeners will gain a better understanding of the key considerations and discussions that should take place before partnering with others in real estate investing.

Some key takeaways from this episode:

The earnest money deposit is an important topic to discuss before partnering with someone. It is crucial to determine who will be responsible for bringing in the deposit and ensure that all parties have the necessary liquidity
When it comes to lending, the person signing on the loan should have a say in selecting the lender. It is important to consider the experience and qualifications of the individuals involved in the partnership
Asset management responsibilities should be assigned to the person with the most experience and expertise in managing properties. This role involves overseeing day-to-day operations and making decisions to ensure the property performs according to projections
The selection of a property management company should be based on merit and performance, rather than solely relying on a partner's existing company. It is important to evaluate the property management company's track record and ability to handle the specific property
Banking and financials should be overseen by a responsible party who has access to the bank accounts and can manage the finances effectively. It is crucial to have checks and balances in place to ensure transparency and accountability

Learn more about Mike and Shawn: