From $0 to $100M in assets under management in just 4 years with Will Matheson | Know your Why #239
EPISODE SUMMARY:
This episode is brimming with the incredible journey of Will Matheson, a successful entrepreneur who, alongside his brother, transformed a deep-rooted passion for real estate into a thriving business. Join us as we explore the rise of Matheson Capital from its humble beginnings in 2017, to a business that now boasts over 100 million dollars of assets under management.
We commence with Will's tale that starts from his minimum wage broker days in Los Angeles, navigating challenges such as emergency rent control. We then fast forward to the present day, where we dissect the unique short-term investment strategy that Will and his brother employ, and how this approach has propelled their growth.
Discover how they adapt to shifts in the market by predicting the future, ensuring they stay one step ahead. The episode also uncovers the current real estate market, highlighting factors leading to decreased pricing. Emphasizing the importance of flexibility in a debt structure, we discuss whether to opt for higher interest rates or agency loans.
Finally, we conclude with Will's insights on professional property management's critical role in a property's success. Don't miss out on this engaging episode filled with valuable insights and practical advice from a seasoned entrepreneur.
WILL'S BIO:
At the end of 2017, Will Matheson and his twin brother Evan were a few months away from graduating Columbia University’s Masters in Real Estate Development program, and they were faced with a choice; go the traditional corporate route or start their own company. Despite having no track record, no ownership experience, and very little equity, they bet on themselves and opted to start their own company, Matheson Capital. By January of 2018, they had already completed their first acquisition, an $800k duplex in Los Angeles.
With limited resources, Matheson Capital focused on smaller value-add properties and short-term holds. In the five years since their first purchase, they have completed another dozen multifamily / student housing acquisitions valued at over $100 million. They have worked with high net worth investors, family offices, private equity groups, and Wall Street firms, delivering an average investor IRR of 40% on their six completed projects. Despite changes in the market, Matheson Capital is continuing to push forward with the goal of owning $1 billion of real estate by 2027. Outside of real estate, Will is learning to fly a plane, and he also serves as a board member for Lowcountry Veterans, a homeless veterans shelter located in Charleston, SC.
GET IN TOUCH WITH WILL:
https://www.linkedin.com/in/wlmatheson/
EPISODE CHAPTERS:
(0:00:00) - Capital Raising Strategies in Real Estate Will and his brother built a real estate business to over $100M, investing in LA and facing rent control challenges.
(0:11:04) - Short-Term Investment Strategy and Market Outlook Will and his brother built a successful real estate business, using strategies such as shorter hold periods and predicting the market.
(0:17:11) - Buying Real Estate in Current Market Flexible debt structure, bank/agency loans, and decreased pricing factors discussed.
(0:28:00) - Capital and Management in Real Estate Will discusses the importance of professional property management and reaching one's maximum potential.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
This episode is brimming with the incredible journey of Will Matheson, a successful entrepreneur who, alongside his brother, transformed a deep-rooted passion for real estate into a thriving business. Join us as we explore the rise of Matheson Capital from its humble beginnings in 2017, to a business that now boasts over 100 million dollars of assets under management.
We commence with Will's tale that starts from his minimum wage broker days in Los Angeles, navigating challenges such as emergency rent control. We then fast forward to the present day, where we dissect the unique short-term investment strategy that Will and his brother employ, and how this approach has propelled their growth.
Discover how they adapt to shifts in the market by predicting the future, ensuring they stay one step ahead. The episode also uncovers the current real estate market, highlighting factors leading to decreased pricing. Emphasizing the importance of flexibility in a debt structure, we discuss whether to opt for higher interest rates or agency loans.
Finally, we conclude with Will's insights on professional property management's critical role in a property's success. Don't miss out on this engaging episode filled with valuable insights and practical advice from a seasoned entrepreneur.
WILL'S BIO:
At the end of 2017, Will Matheson and his twin brother Evan were a few months away from graduating Columbia University’s Masters in Real Estate Development program, and they were faced with a choice; go the traditional corporate route or start their own company. Despite having no track record, no ownership experience, and very little equity, they bet on themselves and opted to start their own company, Matheson Capital. By January of 2018, they had already completed their first acquisition, an $800k duplex in Los Angeles.
With limited resources, Matheson Capital focused on smaller value-add properties and short-term holds. In the five years since their first purchase, they have completed another dozen multifamily / student housing acquisitions valued at over $100 million. They have worked with high net worth investors, family offices, private equity groups, and Wall Street firms, delivering an average investor IRR of 40% on their six completed projects. Despite changes in the market, Matheson Capital is continuing to push forward with the goal of owning $1 billion of real estate by 2027. Outside of real estate, Will is learning to fly a plane, and he also serves as a board member for Lowcountry Veterans, a homeless veterans shelter located in Charleston, SC.
GET IN TOUCH WITH WILL:
https://www.linkedin.com/in/wlmatheson/
EPISODE CHAPTERS:
(0:00:00) - Capital Raising Strategies in Real Estate Will and his brother built a real estate business to over $100M, investing in LA and facing rent control challenges.
(0:11:04) - Short-Term Investment Strategy and Market Outlook Will and his brother built a successful real estate business, using strategies such as shorter hold periods and predicting the market.
(0:17:11) - Buying Real Estate in Current Market Flexible debt structure, bank/agency loans, and decreased pricing factors discussed.
(0:28:00) - Capital and Management in Real Estate Will discusses the importance of professional property management and reaching one's maximum potential.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
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