Join host Bronson Hill and co-host Nate Hambrick on the Mailbox Money Show as they dive into an engaging roundtable with Matt Aitchison, a seasoned real estate investor and entrepreneur. Matt, who has built a diverse portfolio spanning shopping centers, boutique hotels, medical offices, and mobile home parks, shares his journey from single-family flips in 2010 to mastering commercial real estate. With a knack for opportunistic investing, he discusses achieving $50k/year in passive income per asset, navigating seller financing, and accessing exclusive pre-IPO deals through Silicon Valley connections. Matt also reveals how he leverages AI to streamline lease analysis and boost team efficiency, saving time for family and growth.
Tune in for actionable insights on real estate, creative deal structuring, and cutting-edge AI applications.
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Full Transcript:
Bronson Hill: Welcome, welcome, welcome to the Mailbox Money Show.
I’m so excited to be here. This is Bronson Hill the host. I have Nate Hamburg with me.
How’s it going Nate?
Nate Hambrick: It’s going well. Thanks for having me.
Bronson Hill: Awesome. Nate has been the guest host with me on a few episodes here of the Mailbox Money show. He is the two-time best-selling author, most recently of the 18 Laws of Leverage. One of the best books on leverage and teach people about financing leveraging, brands leverage and things like that.
So Nate, I’m really excited for our guests today. He’s amazing.
Nate Hambrick: I agree. I’ve heard that man have quite a few podcasts. I’m excited to dive in here.
Bronson Hill: Awesome.
Well, we’re excited to have him. I think some of the things that he’s done, he’s done. We’re gonna get into shopping centers hotels pre IPOs.
How do you get access? How do you have friends that bring you pre IPO deals and using AI in your business among other things? We’re gonna do this episode a little bit different where it’s gonna be a little bit of a round robin.
So we’re gonna kind of be asking each other questions interviewing each other pushing back on each other. Having a good time. Hopefully, there’ll be some mild banter and hopefully not name calling and offense. But you know just taking positions on things and having fun.
So, awesome. Matt really good to have you with us today. How you doing, brother?
Matt Aitchison: I’m doing great guys. Thanks for having me.
Bronson Hill: So good to have you. You are a talented guy, you’ve done a lot of things. You’ve really built something wonderful and let’s talk a little bit about your investing. I mean you’ve done shopping centers and hotels. Tell us a little bit about like, why shopping centers and hotels?
Matt Aitchison: Yeah, I mean, I would say asset and market agnostic more opportunistic. So most of the asset classes that I’ve touched and been in and out of really have been through accidental. Opportunities that have kind of fallen in my lap. Many brought through the podcast or through my social media. Or a variety of different outreach strategies that we do to try. And drum up that one needle in a haystack.
My model is very simple. I try and find one commercial estate asset a year that nets me 50k a year. I started that almost a decade ago and that was really my goal. I realized I was gonna have to own a lot of single-family doors. In order to get to the level of financial freedom that I wanted. Which was a half million dollars a year in passive income from my real estate asset. So very simple math equation, right?
In 10 years time, if I just want to buy one commercial real estate asset a year. I need to find something that nets me 50k a year. And so that was what kind of steered me out of single-family. More to the commercial real estate sector about a decade ago. But I got into real estate and in 2010. And really always looked at the vehicle of real estate as kind of being my core tree trunk. I knew there was gonna be a lot of different branches off of that over time. And some of the different asset classes I know we’ll be digging into today. But that’s really what led me down this path that you find me on today.
Bronson Hill: So 2010 is a good time to get into it, too. You’re kind of just you time that really well I know it was on time the market. But that’s a great time to get in. And I imagine it cash flow primarily is that your cash flow and appreciation? It’s kind of why you like these assets.
Matt Aitchison: Yeah, I mean I at the at the time I didn’t know any better. I was just a dumb college kid that had an expensive piece of paper. And I was interviewing at a bunch of places. That were not gonna make me anywhere close to what I thought I was deserving at that time.
I started off in single-family flipping houses, there was foreclosures everywhere back in 2010. Ended up actually responding to a Craigslist Ad for a guy that real estate mentor seeks real estate mentee. I thought this was my big break. Little did I know I was gonna work for this guy for a year for free. But it was one of the greatest learning lessons I could have hoped for. And it taught me everything from acquisition to project management to disposition.
And really just understanding that real estate was a vehicle for building wealth. So I bought my first flip. It was the the actual cat lady house in the neighborhood. It was a hoarder’s house, she had over a hundred stray cats in this home.
We actually found two dead raccoons underneath trash in her home. But I was 21 I netted a north of six figures on that first deal. And I really just never looked back. So that’s what got me into the space. And then obviously a lot of failing forward moments. Stepping stones of kind of figuring out where you want to go. What you want to do, what not to do going forward?
And that led me into my first kind of creative finance deal on a shopping center. That actually still own here right around the corner from my office. It led me into my first hotel and then my second hotel and third hotel. And it kind of just continue to snowball from there. As you get a little bit wiser with each deal but to your point I was always opportunistic. So I’ve been in and out of almost every real estate asset class just about everyone. My own probably, I would say four or five different commercial estate asset classes. But I focus in two primary ones.
Nate Hambrick: I’m curious about that Matt. It sounds like you and I both started doing the single family flip. Also from my own experience the worst. My sister and I own somewhere in the ballpark of 14 to 16 of those and we realized. Oh shoot we have the passive income, but it’s not passive in the way thought. I’m curious because it sounds like you’re in primarily in hotels. And I know you do some pre IPO stuff as well. What were some of the different asset classes you tried and maybe failed at or decided that wasn’t for you? And then what was the thought process that brought you from where you started to where you’re at currently?
Matt Aitchison: Yeah, I was just like you. You get excited and get in the game. You believe real estate’s gonna be that that path for unlocking financial freedom. I quickly learned that flipping and wholesaling. And some of these good entry-level real estate investment strategies on the single-family side was really just a glorified job. It was me trading time for money. There was nothing passive about it. There was nothing residual about it unless I was keeping these assets. So I did start flipping to holding one flipping to holding one. But still, $200 a month per door is really not going to move the needle in a substantial way. That’s when I started to kind of open my horizon and going okay.
I actually read Stephen Schwartzman the founder of Blackstone. His book when I was a little bit early in that journey. I just remember him saying. There was a quote in there that really resonated with me at that point in my journey. Which was we’re here for a very short finite period of time. And the stress and the risk and the energy that goes into a really big goal. Is equal, if not less than equal, if not more than a really small goal.
So you might as well go after something really big. I’m like man, just like I had to pull up a seat to the table. And learn the board game of single-family real estate investing. The learning curve can’t be much different on the commercial side of investing. But the ROI and my time, my energy, my skills, my relationships. I knew was gonna be far greater.
So that’s what really encouraged me to get into the commercial side and I joined business mastermind groups. You know real estate investment mastermind groups and some of these, pay-to-play circles. I got exposed to a lot of different people that had either family offices. Or their own funds or were syndicating deals and a variety of different asset classes. So I through proximity was able to get a lot of exposure into different deals. The good, the bad, the ugly and everything in between. So right now I currently own shopping centers, boutique hotels, some small medical office buildings and mobile home park. But being in different asset classes from storage to a lot of different. There’s a variety of different opportunities within the commercial estate space.
I really learned one thing which was in order to be able to touch any asset class. There’s obviously a spectrum, right? You got your triple net Starbucks, which is very passive and you don’t have to do a dang thing. And then you got hotels. Which is the most management intensive asset out there, right?
So I was able to see a variety spectrum and based on my goals, my timeline my risk. You know I’m 36. I was younger, willing to risk a little bit more willing to also work. And trade that time for money to increase my equity. Hopefully my cash flow positions along the way. So I’ve always been a very big believer that if where you’re going. And what your goals are what time you want to get there. You can really reverse engineer a vehicle. A model, a strategy that aligns with that goal. And that’s kind of what’s led me down this vein of commercial real estate. Having a little bit of a diversified mix. That’s really why I try and focus depending on what I’m trying to achieve in that point in time.
Nate Hambrick: Yeah, it makes a ton of sense. It sounds like you realize that you started with the small assets. Then slowly but surely you worked towards the larger assets. And it sounds like you harnessed a lot more leverage. Which is one of the things I talk about in the 18 Laws of Leverage. Master the small forms of leverage, right?
Borrow a little bit of capital leverage that, hire your first employee. Leverage employees and then once you’ve mastered the basics. Then you can just increase the leverage and it sounds like you’ve increased it exponentially. It sounds like the assets and the forms of leverage that you’re now harnessing are much larger. Which is I mean, that’s the name of the game so I was gonna ask you, Bronson. Because you also kind of followed a similar path. How have you maximized the leverage in the deals that you’re currently like? how is that evolved and what kind of assets? Are you now most excited for?
Bronson Hill: Yeah, it’s funny I think it might, it seemed like we’re like kindred spirits, man. You were like, we’re like brothers. Because you start with one thing and then you’re like, this is working. Okay, but then this other thing comes around and we’ve done private equity. We’ve done some BC stuff. Done Oil and Gas, different types, drilling itself owning the land of the middle rights. We’ve done syndication of apartment buildings, new development of senior housing.
We’re buying up e-commerce business right now so there’s all kinds of things and the thing that like actually. I want to get in to talk about is that what most investors don’t get right now is cash flow. And I think cash flow, I talked about my book Fire Yourself. It’s just like without cash flow. You can’t really quit your job, right? You a lot of money someday is great. But you need to have the cash flow and for you. You’ve really done this through hotels. We actually for a while I was going to conferences where hotel operators were there trying to figure this out.
It is a very labor intensive. It’s kind of like a restaurant or as a lot of them even have a restaurant in there. But like if you can find the right operator to make it work. How hard is it to buy a hotel? Like if somebody listening’s like I want to buy a hotel won’t operate. It’s got ten or a hundred rooms. Like how difficult is that to buy it to find it?
I even find it and then how do you operate it and make it better?
Matt Aitchison: Yeah, I mean right now it is a challenging landscape. I think just with where interest rates are at and where prices are at. The economics of a lot of deals makes it tough to want to take the risk. To get the yield that is tied to a lot of the assets right now. Hence why you see this staleness in the market. But it really just depends, right? I mean, there’s really two different types of commercial asset classes that I would quantify. Which would be your boutique hotels which are unflagged, uncorporatized, unencumbered by management companies. And are usually self-operated by mom-and-pop operators.
And those are gonna be anywhere from 50 keys and under generally. And then you have some of your larger flagged assets that we all know, right? The name brands that you see when you’re driving down the road. That generally come with a certain set of standards and rules and regs that the corporate and parent flag company require you to maintain in order to put their brand on that. And that also comes with a lot more systems and stability and infrastructure but less creativity. So there’s push and pull on some of those depending on your strategy, but right now the the opportunities to be a boutique hotel you’re I think are you know much more opportunistic than maybe they were a decade or so ago.
Hence, you know the big push and trend in the Airbnb space and people going man operating Airbnbs is really tough. This is a full fledged operating like you said, Bronson. Hospitality business, we got people living and breathing, eating and sleeping in our assets 24/7. You’re having to manage cleaners and staff and employees. So you start to really learn whether you want to self operate or in many cases, right?
People go man. This is not cut out for this.
Bronson Hill: I can’t sit on your assets while you own that one, right?
Matt Aitchison: Yeah, exactly. I want to be the visionary and be creative. But I don’t want to be the one, you know dealing with a lot of the stress that comes along with that. So you get a third-party operator.
So right now it’s a challenging time, but it’s also I think an opportunistic time especially in markets like this in any asset class. I was saying stale markets like this when it’s hard to get financing.
This is what I call the season of seller finance. I’m closing on another mobile home park. It’s gonna be a hundred percent financed and when you can get people, I always say a commercial real estate deal is so amazing from the perspective that you can get as creative as the parties that are involved in the deal are willing to get. And you can’t necessarily do that always on single-family commercial I’m sure in VC and maybe you can speak to this Bronson on on your side of the fence and a lot of other areas.
If people are willing to get creative we can create a win-win. We just got to understand everybody’s goals, what everybody’s trying to accomplish here and figure out how to put this puzzle piece together. One of the reasons why I love commercial real estate but maybe you can talk to that a little bit on, you know actually pencil depending on who’s sitting at the table and how creative they’re willing to get.
Bronson Hill: Yeah. I think that’s a great question for Nate to in a minute. I’ll have him answer. But I think it does really depend on what the parties are there and I think to even from investors. A lot of passive investors listen to the show. It’s really what are the goals, were the goals of each party and I love you know you’ve done a lot of different assets and different asset classes and things like this.
And so, I just love, right? These days we’re doing a lot more cash flow because I feel like cash flow deals they reduce risk. You get your money back, your basis is typically it’s coming back sooner. But you know, like you said a hundred percent financing. That’s awesome. You know, we’re actually buying an e-commerce business right now. That’s a 13 million dollar purchase, it generates 27 million dollars into sales about four and a half million in cash flow. Even after debt service and we’re bringing about 3 million to the table to close that right.
So more money is coming back each year than what we’re actually putting into the deal before we do any debt. And so, you know if you do cap rates in multifamily might be a five or seven now which is for those listening, for those that owned in cash, you’d get it basically a five to seven percent return. But some of these deals are 30 to 35 percent cap rate. You basically convert it’s obviously a different type of thing to operate. There’s different risks there but I just love being able to kind of go from one thing to another. A lot of people think it’s very different. But you’re right.
I mean being able to kind of be creative and as an investor, we’re not just limited to real estate. We’re not just limited to one specific asset. I want to ask you, Nate. Using the laws of leverage like what are some things that you’re hearing here of how people obviously one thing that Matt mentioned was just about having creative deal structure. And really like even leveraging maybe your time or maybe not even leverage your time. Just finding something that’s a win-win and leveraging like a win-win, right?
Nate Hambrick: Yeah, so when it comes to seller financing, I’ve been on both sides. And that’s the thing I always tell people when you’re love leveraging someone else. They’re also leveraging you and so I’ve been on both sides of the seller financing equation. Most people talk about buying deals with seller financing but on the other side my sister and I sold quite a few. We owned 16 rental properties in Oklahoma. We sold quite a few of them with seller financing for people who couldn’t get a bank loan or for whatever reason and wanted to do seller financing and it was a great on our side because we got to be the bank we were able to sell the properties for substantially more. Like almost double than what we could have if we had done a traditional bank loan.
The buyers are happy because it puts them in a really good spot. And we’re also happy too because it’s kind of like having a rental property that you don’t have to fix the toilets. You don’t have to deal with the maintenance and hopefully the people that you sell our finance to will keep those loans forever. But we’ve had a few people that they’ll pay on it for six years or seven years.
They’ll flip it back to us and they’re happy to just get rid of it. Well now we just had five years or seven years of income that we did absolutely nothing for and then we just sell or finance it again. And so it’s great on both sides, so to answer your question Bronson from the laws of leverage perspective. Seller financing is a great way that they get to the buyers get to leverage our capital. We get to leverage them for the long haul and it’s it’s it’s a win-win for all parties.
Bronson Hill: I had a couple things I wanted to touch base real quick and then we’re gonna this is just an awesome interview Love talking to hear Matt. Let’s talk about pre IPOs.
And one of the things I thought was really interesting was even a leverage component of that was you’re basically getting access, right? You know somebody that’s helping you get access and there are people that got into round one at Facebook. A round one with Google or in all these things and it wasn’t these were not publicly think they’re people that people are invited to be able to do this.
Can you talk a little bit about those relationships as well as I mean are these million dollar investments you’re putting in there. Is it like 100k or how does that work? Typically when you’re getting you know a seat at the table for some of these pre IPO deals.
Matt Aitchison: Yeah, generally 50 to 250 is kind of the sweet spot that I look for. I mean, obviously they’ll take as much money as you’re willing to wire over, right? For the most part depending on how the cap table is. But all these have come through relationships. I’m fortunate enough to be somewhat close to Silicon Valley and have a lot of relationships out in that area.
So just through meetup groups and other friends and business events and mentors. You just find through the network certain people that are hey, I’m invested in this. Hey, can I take a look at that right? And then all of a sudden the guy who’s bringing the deal, you’re building a relationship with them for the long term. So that’s how I’ve been able to connect with most of the people either through Silicon Valley or through Wall Street. Have been through actual events and Masterminds or places that I’ve spoken at and the next speaker is connected with somebody.
So really that world is as much as I would love to say it’s not a closed door type of world. That world still kind of is in a lot of ways. It’s a lot of the smart money, the savvy investors that you know are bigger check writers. But just being fortunate enough to have some connections with different family offices and individuals that are investing in some of these opportunities you kind of get a first look. And I wouldn’t say I’ve gotten unfortunately into anything to seed round early early early which personally actually based on my profile. I’m not looking to.
I’m looking for more of the established path to IPO and really, they’re just looking to you know restructure the cap table. And getting something that I believe is at a discount to the share price. And that’s generally where I most of my stuff has either been AI I’ve you know, it was in fortunate enough to get involved in Palantir early on and some other things like that.
But I’m always looking at you know, putting maybe 5% of my liquid capital into different opportunities knowing that some of them could end up being fliers some could be duds. But for the most part I’ve actually hit doubles and triples some home runs on every single one. And the other side of it is the way I kind of look at it is I don’t invest too much of my liquid capital outside of my own commercial real estate deals.
If I’m gonna lose money right now, I want it to be because of my own mistakes. That being said, I do believe that if you’re someone that has liquid capital and you want to be active in growing that capital, it’s kind of like asking a wealth manager to take some of their liquid money as a wealth manager and go put it with another wealth manager and hope that they outperform you. So I feel that I consistently bet on my skill set and between crypto and the pre IPOs is where I kind of diversify some of my play money into those asset classes.
Bronson Hill: My good friend George Gammon, he talks about macroeconomics and he says you should you know. About ten percent it was about five ten percent you could have in some sort of you know riskier type of thing. We have this deal that we did that’s basically a I would call it a VC type of deal It’s basically an oil and gas technology That is it’s going to increase improve the way that drilling is done. You can use it in places where they can’t frack but they can still go have basically fracking effects.
And so but if it hits the way we think it could it’s a 10x to 100x, right? But I think there’s probably a 50% chance or greater than it goes to zero, right? So I’ve kind of like evaluated that but if it is 50-50, that’s a pretty good bet But I think for a lot of us We just think I never want to lose money. But I think it’s having enough worth and being able to diversify in some of these different things. But that’s incredible you’ve had that amazing amount of a track record.
Nate I wanted to ask you talk about leverage in investing and maybe in this thing when people are looking at diversifying and putting money into different things. Obviously you can be too leveraged or some of the leverage is not good, right? Because you have too much in one thing and you know, it could go to zero or it could go 100x, right? So how do you balance that out in a portfolio? I guess.
Nate Hambrick: Yeah, so, you know lots who have the the 18 laws of leverage is use other people’s money. And so, there are a million books on leveraging capital. There are a million podcasts on leveraging capital. But where I’ve found some additional areas of opportunity for leverage when it comes to capital is finding new ways of using leverage or stacking different forms of leverage.
So for example, most people on this podcast know how to buy an asset or they know how to invest with somebody, right? But what we’re doing right now, right? Connecting with Matt is leveraging the capital that we have in the passive income we already have in deals that other people have. And then the way that you can scale that is by creating products that then can fund those different assets that you already have. So what do I mean by that?
Let’s say that you’re already investing, right? You’re already filling and hopefully I’m answering the question Bronson. I’m trying to but let’s say that you’re already investing capital.
One of the ways that you can use the laws of leverage is to create products that you can sell to the people you’re already dealing with to create more income to invest in other deals. So I’ll use an example, right? I’m in the publishing world I help a lot of people publish books. There’s so many opportunities where I can take the job I currently have connect those people with you Bronson, right? That creates another form of leverage for me and then scale that partnership by creating products that I can sell infinitely. Take that capital immediately put it back into assets.
And so there are multiple forms of leverage that all stack on each other. So that I’m not just earning a paycheck putting it into an asset creating passive cash flow and then rinsing and repeating. I’m using multiple forms of leverage that all stack on each other that speed up the process. And so the goal at least in my mind in the way that I invest is to find multiple forms of leverage. That I can stack on each other.
Is that roughly what you’re looking for?
Bronson Hill: I think it’s a great example. I never think about diversity in a portfolio. But I also think it’s great because some people that are listening have time but they don’t have money. When I start I didn’t have money, but I had time so you’re leveraging your time. I’m raising money for deals but I get paid based on and how the deal does by putting my time into it, my efforts into it.
And then you can leverage your connections, you can leverage all kinds of things. So I wanted to actually turn it back to Matt. You brought up something really awesome that I’m not total nerd about but let’s talk About AI. You’re leveraging AI for helping you to for time probably in your business in different ways. Let’s just hear kind of some of the ways that you think would be really interesting for our listeners to hear about the ways you’re leveraging AI.
Matt Aitchison: Yeah, we use it in I mean, I would say I probably use Google 80% less and that has been replaced with either Grok or Dolly or chat GPT. There’s so many different cool AI tools and platforms out there based on what you’re looking for and we make sure that everybody in our team is trained up on it. It’s an absolute must now if you work in one of my companies to use AI every single day from an efficiency standpoint, it’s insane.
I’ll give you an example the other day, I’m dealing with TJ Max on leasing up one of my shopping centers. They send over a hundred hundred page lease, well that normally would get sent off to my attorney who’s billing me at 685 an hour. And it takes them a couple days to read through that lease and I have a couple just key questions that I want to have answers to. Relatively quickly to figure out how I can play this game of chess and negotiate and posture back with them on certain things without it really needing a final set of eyes from the attorney.
Well now I’m uploading that lease into the software and I’m asking it all of the key data points based on the prompting AI is obviously very important when it comes to prompting. That’s why you’re seeing the growth of prompt engineering, actually become a job in an industry now as a whole. And you know treating it like it’s the smartest assistant you’ve ever had or treating it like it’s the smartest attorney you’ve ever had or treating it like it’s the smartest marketer you’ve ever had.
We really use it as if it’s an intelligent being and how we interact and what data we can feed into it. The better our answers and the responses are going to be so that was a document on a lease that I generally would send off to an attorney to review. And it would take a couple days to get answers back and then I respond back.
I’m literally within two to ten minutes depending on how long my prompt is and how long it takes me. I’m getting responses and answers that again I would say 80% it does the heavy lifting. The last 20 you want to make sure that you’re really double checking and refining and putting your own spin and touch on it. But from engineering pro formas from lease analysis to writing blogs and copy the opportunities for leveraging these tools truly are endless. I mean my that my head at CTO you will see easy uses it for code and websites.
And I mean you name it. So I think this is you know, we’re still in the very very early stages of how powerful AI is and yet it feels like so many people already seem to be behind using it. That being said I do believe that those that are leaning into it right now are getting a massive ROI on it.
It’s made my team extremely more productive and most importantly we’re getting results that would really take us a lot longer. Crunched into very short windows of time and as a business owner as an entrepreneur as an investor, right? Data getting digested in a very short amount of time the velocity on which you can make decisions and pivot and adapt is key and oftentimes the difference between winning and losing so while I am a long-term investor. And I always say, I’m a crock-pot investor versus a microwave mindset.
A crock-pot it is something that I was trying to make sure that we’re leveraging all the tools and the resources that are around us especially in the world of tech. Because that can make all the difference and being successful as an investor, as a business owner and not Yeah, love it.
Bronson Hill: Love it. Well. I wanted to go over the lightning round we could, I mean this is great man. I can talk to you all day. You’ve got all kinds of stuff you’ve done with your businesses and with investing and there’s so much there. Let’s do a lightning round.
I think we should just all of us answer just a one sentence. So again, I’m not asking for the the dialogue with just the sentence of the lightning round here. Ahat’s one belief about money you’ve had to unlearn? Who’d like to go first on this one?
Nate Hambrick: I can take that one. One belief I used to have about money I had to unlearn is that a 10 return was a 10 return. And what I found is they’re different 10 cash flow, different than 10 stock return. Different than 10 you get all your capital out, 10 is not 10. So even when you look at things on paper and they look identical, the realities can be very different.
Bronson Hill: Great. Thank you. What’s one belief you had to unlearn, Matt?
Matt Aitchison: My short answer would be that the price you pay to get rich and wealthy is volatility. And if you are unable to get comfortable with volatility. Then investing is probably not going to be the space for you.
Bronson Hill: I think for me, it’s just that getting out of the time for money trade is so important. That it’s just like if you can leave a job as quick as you can and have upside on something else. There’s just so much more potential. Next question favorite book that changed your approach to investing? I’m gonna say, I’ll say Cash Flow Quadrant by Robert Kiyosaki.
That one changed me a lot.
Matt Aitchison: Recently, I just read Benjamin Hardy’s 10x is Easier than 2x. That’s been a great one for me in terms of expanding my mindset around bigger is actually oftentimes easier. May not be simpler, but or may not be May not be easier, but it is simpler in a lot of ways.
Bronson Hill: One of my favorite books of all time and he’s coming on this show .We’re in touch with this team. He’s come out of the show in the next month. So looking forward to that.
Nate, best book this change your approach to investing.
Nate Hambrick: So my father read me, Rich Dad Poor Dad as like a six year old or a seven year old. That’s a good one, changed my trajectory. But more recently, The Lifestyle Investor by Justin Donald. Change my approach to investing much for the better. So i’m very grateful for both of those books.
Bronson Hill: Amazing. Okay, this is the last question and then we’re going to ask how we can follow Matt. Matt, best decision you’ve made in the past 12 months. This can be an investing decision can be a personal decision. What’s the best decision that you’ve made in the last 12 months? Putting you guys on the spot here.
Matt Aitchison: Mine would be from an investment perspective. I closed on an eighty thousand square foot shopping center that I bought for twelve dollars a square foot. Which was walked into almost two million dollars in equity the day we closed. So that was a good investment decision. And I would say from the personal perspective we just had our third daughter and she has brought a new level of energy and inspiration and challenge. Not only myself but our whole family. And it’s been, I’m a big believer that great parents should have more great kids, and they’re one of the best ROI’s that you can ever get on life.
Bronson Hill: I love it. Thank you.
Nate Hambrick: I love it. I’ll answer the same question best, Investment decision the last 12 months, my family and I decided to make the pivot from traditional multi-family apartment investing to oil and gas. Best decision ever.
They have been out performing their performance. The depreciation, the depletion has been even larger than expected and now that we’re in tax season. I am so grateful I decided to invest in oil and gas last year.
Bronson Hill: Thanks Nate. I asked this question. I’m like, what is the best decision I made?
I think that personally is just spending time with my daughter just really investing in her that’s been the best decision. I think on the investing side, it’s really looking into private equity, getting more into the private equity space doing more cash flow type of investments. I think that’s been the best decision.
So guys, I really appreciate the time. This is a lot of fun having this conversation. I feel like we could talk for hours and just have a really get a lot of value and share.
Matt really appreciate you being here today.
You’re amazing. You’ve done all kinds of things. We want to really acknowledge you for your success in business and real estate and all the things that you’re creating will continue to create. Both in your business as well as your family life, but how can people follow you and hear about what you’re doing?
Matt Aitchison: Yeah, I mean I’m on all social platforms. My Handle is @officialmattya, m-a-t-t-y-a. They can learn more about my commercial estate mastermind at wiseinvestorcollective.com. Or we just have a free beginners crash course if you text free to 844-447-1555.
That’s an easy way to kind of get on my email list and get connected with a lot of the stuff that we got going on.
Bronson Hill: Awesome. Thanks for being here. Matt. Appreciate you.
We’ll look forward to connecting it soon. I’m gonna be on your show. So looking forward to that.
And thanks again, Nate Hambrick for being here and thanks guys.
Well, that was a great interview man.
I’d say you can just tell talking with Matt. He’s done a lot of things and he’s a very talented guy, but he’s also just really done a great job of figuring out what works for him and what doesn’t work. And getting the right people in the right place.
Nate Hambrick: Absolutely. I really loved when Matt was talking about how he leveraged his AI to speed up. Finding the right deals, crunching the numbers, realizing he’s not in the right deals and moving on quickly. On top of that, how he’s using AI for his staff, for email reach outs, responding to clients and all that. It was really really cool to hear how he saves his time. So that he can focus on family stuff and all of that.
So great interview. Thanks for having him on.
Bronson Hill: Yeah, it was really great I think one thing that I liked is the takeaway from me was the diverse how he diversifies his actions, his time. He’s he’s in so many different things. I actually feel very similar to me, I’m in a lot of different things. But you have partners, you have employees, you have people that help you right? And this is really the passive journey, right?
How can I make more money? Without taking up more of my time. Can I make money while I sleep?
Can I have enough things moving in different places? And there’s the book called Who Not How, right? Where it’s gonna say I’ve got this problem I need to know how do I solve this. And it’s like well, who they can solve this, right? They can help them with this deal.
They can operate this. He’s not, he doesn’t look like he’s operating hotels directly, right? He is not doing these things himself.
He’s got people doing which is awesome. So hopefully for our listeners, you’re doing that, you’re finding ways to leverage your time. To live a great life so you can live out the values that are important. Spend time with family, travel, leave a legacy of things you want to leave.
So appreciate you taking the time to educate yourself. It really is truly inspiring. I say it every time but thanks for taking the time to educate yourself. And we’ll look forward to seeing you on the next episode of the Mailbox Money Show.
If you haven’t joined our deal list, you can go to bronsonequity.com or click the link below and we’ll look forward to seeing you guys again soon.
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