Why Hold Instead of Flip


You can get rich flipping houses, but you will only get wealthy by holding them.  Each week seasoned investors Matt Andrews and Matt Theriault get together to trade stories, strategies, tips and tricks for getting wealthy in real estate.  If you want to learn how to get your money to work for you, pull up a chair and join us!  Welcome to episode number 1!



What You’ll Learn:

  • How to avoid the tuition payment to the school of hard knocks.
  • How MA got started in real estate investing; and
  • Why he transitioned from flipping to holding houses.
  • How MT went from 7 figures a year to $7 an hour; and
  • What made him stop throwing himself a pity party.
  • The legendary advice that MT received that lead him to real estate.
  • The difference between a real estate agent and a real estate investor.
  • The “job” trap that many investors fall into.
  • Why the paths to freedom and to money aren’t necessarily the same.
  • How lifestyle design lead both Matts to buy and hold investing.
  • How MT owns 200+ units without using any of his own money or credit.
  • What passions drive the guys to financial independence.
  • What types of shows are planned in the future.


Is it Time to Fire Your Property Manager?


Matt and Matt are back to discuss the critical (yet highly undervalued) part of the passive income puzzle: a great property manager.  If you’ve been investing for any amount of time, you know that all property managers are not created equal.  So the duo is discussing the types of tasks a property manager should be doing and how to know when you’ve found a keeper.  Enjoy!



What You’ll Learn:

  • What types of things a good property manager should be doing.
  • How to maintain an ideal property; and
  • What exactly is involved in that.
  • How a good property manager can allow you to never step foot in your investment home.
  • What is involved in placing good tenants.
  • When a not-so-good time for your leases to end.
  • The types of standard operating procedures a good property manager should have in place.
  • The types of reporting that you should expect from your property managers.
  • Why you should be friendly, but not friends with your managers.
  • Why you might want to compare other property managers against your own.
  • What “CANEI” is and why it’s important to this aspect of your business.


The Best Cash Flow in America


Many would-be investors believe the outdated advice that you must invest in your own backyard.  Unfortunately not everyone lives in a market that is optimum for cash flow investing.  That’s why at the Hold That House podcast we suggest that you live where you want and invest where it makes sense!

So where exactly does it make sense?  Today Matt and Matt are sharing their secrets and explaining exactly how they find the best cash flowing markets for their own portfolios.  Enjoy!



What You’ll Learn:

  • Why MA began investing in Florida.
  • The reason that you don’t need to live in driving distance to your investment properties.
  • What MT is looking for in a rent to purchase price ratio.
  • The types of economic indicators that are important in a good cash flow market.
  • What will absolutely disqualify a market for smart investors.
  • How to find good property managers, title companies, contractors, etc. in your new market.
  • Where MT is having the most fun as an investor right now.
  • How MA realized that he needed to start expanding his markets.


5 Things Matt Andrews Wish He Knew Before He Started Holding Houses


Over the 15 years he’s been investing in real estate, Matt Andrews has gained a lot of knowledge from the school of hard knocks.  Today he is looking back and discussing the 5 things he wished he could go back and tell himself in the very beginning.  These lessons would have saved him a lot of frustration, time, and money – and if you apply them to your own business, perhaps they will do the same for you.



What You’ll Learn:

  • Why you must honestly evaluate your personal strengths and weaknesses.
  • Why MA wishes he hadn’t used so many bandaids at first.
  • Where to learn how to do evictions.
  • How procrastination will affect your investing business and your confidence.
  • The difference between being friends and being friendly.
  • Why you may need to check your ego at the door.

5 Things Matt Theriault Wish He Knew Before He Started Holding Houses


After tons of positive feedback about last week’s episode, we decided to do it again!  This time Matt Theriault is sharing the details of 5 of the biggest lessons he’s learned over his investing career, including the half million dollar mistake that he will never make again!  Grab a pen and paper and steal these secrets so you can invest smarter, faster, and with fewer mistakes.



What You’ll Learn:

  • The half million dollar mistake MT made with a property manager; and
  • The bite-size, but valuable wisdom he gleaned from it.
  • Which areas of his business he focuses on diversification.
  • One of the most powerful questions to ask yourself about your business.
  • How MT might have sped up his financial success 10 times.
  • The tool that has simplified bookkeeping, deal setup, and more.
  • Who to hire early on in your business (don’t overlook this lesson!)
  • What to consider when you are eager to move forward quickly.
  • The thing that MT intentionally creates on an ongoing basis.
  • The 2 ways you can respond to someone who does something better than you.


How to Assemble an Elite Team of Professionals


The most successful real estate investors, including Matt Andrews and Matt Theriault, all have a strong support team who helped them get to the top.  If you want to join the ranks of these high achievers, you’ll have to surround yourself with the right people.  On today’s episode, you’ll learn exactly who and what to look for in a quality team.



What You’ll Learn:

  • The 2 places in real estate where you can lose a lot of money.
  • What to look for in a good real estate agent.
  • The question you should ask yourself when someone tells you that you can’t do something.
  • The professional MT wishes he would have hired first.
  • Where to find good bird dogs; and
  • Why you need one.
  • How to achieve scalability in your investing business.
  • The difference between being rich and being wealthy.
  • Why you need a good relationship with your banker.
  • The reason that you shouldn’t see other investors as competition.
  • Which activities you should be focusing on.
  • How to determine what you should be delegating.

Management Advice That Will Save You Millions


Most of us chose rental real estate investing for the incredible income that it can provide both today and well into the future.  So why do so many investors depart from their role as investor to wear the general contractor hat by managing their own rehabs?  Today Matt and Matt explain why they choose to leave the project management to the professionals and share some tips and tricks to that can save you millions over your investing career.  Enjoy!



What You’ll Learn:

  • What you should do and what you should hire out.
  • The difference in managing a general contractor and subcontractors.
  • How MA gets quotes from subs.
  • How to delicately, but firmly manage a GC.
  • How to walk the line between gullibility and toughness.
  • MA’s advice for the softies out there.
  • The warning signs of a bad GC.
  • Why you should compare the income of a contractor and an investor.


Invaluable Tools of the Trade


In the business of rental real estate investing, speed is incredibly important.  To be able to quickly sort the good deals from the bad, get them under contract, and then tenant them is vital to your success.  Today the Matt Andrews and Matt Theriault are sharing their favorite tools to allow you to conduct your business efficiently.



What You’ll Learn:

  • Why the accuracy of Zestimates® should not matter to you.
  • How to use Zillow to determine comps.
  • How MT uses Zillow to quickly craft his all cash offers.
  • Where to find comps if they aren’t public record in your area.
  • The 4 websites recommended for researching market conditions.
  • Where to access the most robust and up-to-date info on markets.
  • How to compare your rental price to rentals in the area.
  • How the Matts use their pro forma spreadsheets.
  • Two great websites to market your properties.
  • How to spot an investor on Craigslist; and
  • How to make your Craigslist ad stand out.
  • Why you shouldn’t worry about 100% accuracy up front.

Investing Out of State! Yay or Nay?

If you can’t drive there, you shouldn’t invest there.  Sound familiar?

Quite simply, that is bad advice!  Trust us, neither Trump nor Kiyosaki pass up good real estate deals because they are outside of their local markets! Today Matt Andrews and Matt Theriault destroy this myth and share the pros and cons of investing outside of your local area.  We hope after listening to this episode you will feel confident to follow the cash flow wherever it leads.



What You’ll Learn:

  • Why well-intentioned REIA members may be giving you bad advice.
  • What makes a good cash flowing property.
  • Why you may want to see your rental properties.
  • Why your investing model may dictate how far away you can purchase a property.
  • The reason you may not want your tenants to have your personal address.
  • Why MA doesn’t suggest living in one half of a duplex and renting out the other.
  • How investing out of state requires you to create processes.
  • The difference between being a business owner and an employee.
  • Where your focus should be in your business.
  • Examples of objective investing criteria.
  • Why you shouldn’t fall in love with a house (and what to fall in love with instead).

The Most “Rehab Bang” for Your Buck


Today Matt Andrews and Matt Theriault share their rehab tips and tricks that they’ve learned from years in the business.  These simple upgrades can be accomplished between tenants, will make your rental shine brighter than the competition¸ and will go a long way towards maximizing your rental price and/or minimizing your vacancies.  Enjoy!


What You’ll Learn:

  • The assumptions we make when discussing the improvements you should make.
  • The importance of detailing your house between tenants.
  • What the home equivalent of the new car smell is.
  • Why your houses should all be painted the same color.
  • Why you must focus on the curb appeal of your properties.
  • How Matt Andrews improves his entryway.
  • The 2 most important rooms to “sell” your rental.
  • How to be sure that you aren’t over spending.
  • The trap that catches many new investors.