Stage Actor Turned Real Estate Mogul
Matt Picheny is a real estate investor, operator, entrepreneur, best-selling author, and two-time Tony Award®-winning producer. As Founder and Managing Partner of Picheny, he has served as a General Partner on nearly 5,000 apartment units representing more than $675 million in real estate acquisitions. Before real estate, Matt spent nearly two decades building businesses and leading digital initiatives for global brands including Visa, IBM, Verizon, and Coca-Cola.
Matt began his career as an actor and later returned to the theater as an investor and producer. His #1 best-selling book, Backstage Guide to Real Estate, draws on that unconventional journey to explore real estate investing, financial independence, and using capital to create positive change.
[00:01 – 07:04] Opening Segment
- Let’s get to know Matt Picheny
- He talks about his unconventional path to real estate
[07:05 – 18:11] Matt’s Outlook on the Rental Market
- Matt talks about his outlook on the rental market
- Did his acting career help him in real estate investing?
- We have an interesting exchange about Airbnb and Vrbo
[18:12 – 28:32] Active or Passive?
- Here’s a home-building story you should not miss!
- Should you go active or passive
- Matt shares a piece of advice
- Investing in Broadway shows
- Matt’s experience here
[28:33 – 38:19] Why Choose Syndication
- The exit strategy for a broadway show looks like this
- Matt chose the syndication route for these reasons
- The challenges that Matt needed to overcome
[38:20 – 48:21] Positive Impacts from Real Estate Investing
- Matt’s motivations for writing his book
- Making a positive impact on the world
- He gives us a sneak peek into his cash flow
[48:22 – 52:23] The Contrarian 3-Pack
- What would you say is the most contrarian investment you've made?
- Broadway shows
- What's your favorite activity to do with your friends and family outside of work?
- Spending time with his kids
- Going out with his family
- What offers you the most fulfillment in life?
- Helping others
- Connect with Matt. Links available below.
Tweetable Quotes:
"Passive or active [investing] is not a get-rich-quick [scheme]. It’s just not. It’s hard work." – Matt Picheny
"I also think the arts can be a catalyst for social and societal change." – Matt Picheny
Resources mentioned
You can email matt@picheny.com to connect with Matt or follow him on LinkedIn and Facebook. Check out his personal website to make informed decisions about your investments, generate a positive impact on the world, and tell your own story.
GRAB a copy of Matt’s book, Backstage Guide To Real Estate, soon!
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Think Different. Earn Different. Live Fulfilled.
