Mastering Negotiation Skills & Creative Finance Opportunities with Matt Reilly
Manage episode 441560477 series 3363511
Matt Reilly is a seasoned expert in real estate finance with years of experience as a certified real estate appraiser and managing billions of dollars worth of non-performing loans and REOs. Today, Matt continues to specialize in bridge loans and private lending at Stonecrest Financial and he is with us to give us a little more insight on the financial side of real estate investing.
Listen now to learn more about evaluating properties for investments, the different financing options you have as an investor, and more!
Key Talking Points of the Episode
00:00 Introduction
01:07 Where does Matt’s interest in real estate come from? 02:57 How does Matt handle negotiations?
05:10 How did Matt make the decision to transition to managing non-performing loans?
06:32 What was it like for Matt to transition into managing billion dollar loans?
08:43 What can investors do today to succeed in business?
10:52 What does it take for a business in real estate to succeed like Stonecrest Financial?
12:04 How important is mentorship in real estate investing?
13:17 What should investors be looking at before investing in a property?
14:54 How do bridge loans and lines of credit provide more options for creative financing?
17:33 What are the biggest deal makers and deal breakers in real estate?
20:35 What is Matt’s advice for people who want to get into real estate today?
22:32 What would Matt’s advice be for his younger self?
24:41 What trends should investors be on the lookout for?
26:20 What does the future look like for Matt and Stonecrest Financial?
27:40 What is Matt passionate about outside of real estate?
30:27 How can you connect with Matt?
Quotables
“I think in order to negotiate well, you have to be a good listener so you always wanna hear what the other side is saying and formulate your opinion.”
“There are no shortcuts. Due diligence is key to most deals – you wanna know as much as you can about any property or deal.”
“If a deal lingers on too long, it always seems to collapse so I think when you’re getting into a deal, you always wanna set realistic expectations and then you wanna stick to the timeline.”
Links
Website: Stonecrest Financial
https://stonecrestfinancial.net/
LinkedIn: Matt Reilly
https://www.linkedin.com/in/matt-reilly-979210a/
Website: RCN Capital
https://www.rcncapital.com/podcast
Instagram: RCN Capital
https://www.instagram.com/rcn_capital/
Website: REI INK
Email: RCN Capital
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