S3E11 - Matt Hansen - How to turn $50K into $100K in 2 years

Matt Hansen - How to turn $50K into $100K in 2 years.  My next guest retired from the corporate world in his mid-50s by investing in real estate. As he says on the podcast, he could have retired in his 30s if he started in real estate in his 20s. Today he manages a real estate portfolio of 2,000+ units which is available for both accredited and non-accredited investors. His specialty is short-term deals where, in some cases, investors have turned $50K into $100K in about 2 years. If you have a steady paycheck and are already investing in the stock market, you are well on your way to building wealth. Now, if you want to complement your stock investing strategy by generating passive income through real estate, this episode is for you. Please welcome Matt Hansen.  Key Timecodes  (01:02) - Show intro and background history.  (02:02) - Deeper into his background and real estate business (04:08) - Understanding his strategies  (06:06) - The different approaches to working with real estate  (08:16) - What are his preferred real estate sizes and locations  (09:58) - How much time and effort is required to renovate the units? (11:41) - The advantages of investing in real estate  (13:07) - What are the return expectations for investors  (15:39) - What is the minimum investment?  (16:39) - What are the funding sources?  (18:01) - The "renovate to sell" strategy (21:08) - Few thoughts about financial planning  (27:00) - A major key takeaway from the guest (29:40) - The worst advice he ever received  (30:50) - The best advice he ever received  Payback Time Podcast  Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.