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AIPIS 99 - Matt Jones - Mailman to Real Estate Investor

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The examples of international real estate investing in this episode will make you run out to invest in U.S. properties. All aspects of the U.S. market seem too good to be true, compared to Australia and France. Financially speaking, 30-year fixed rate mortgages, low-interest rates and loan-to-value ratios are more attractive in the U.S.

 

Our guest, Matt Jones became a property investor in Australia after reading a single book cover to cover. He used his day job as a mailman to investigate properties for sale, seeing as many as a thousand homes a day. Today, he invests in joint ventures that provide passive income, allowing him to live the life he wants. Through his Property Resource Shop website, he offers DIY kits to get you started on your path to financial freedom.

 

Key Takeaways:

[2:04] Matt’s job as a “Postie” gave him access to thousands of properties a day

[3:10] Starting with renovations is a good way to get your feet wet in real estate

[5:51] Building relationships and having a network helped early on

[6:52] Using agents is the best way to get deals flowing

[8:11] Joint ventures allow for passive income

[10:21] Remote investing in France is difficult because no one moves

[12:00] A single family home in Brisbane Australia costs about $500,000 dollars

[13:04] Investing in real estate in France must include a capital gains tax

[15:52] The 2-minute deal assessment formula

[19:10] Extracting land if the lot of the original property is above average in size

[20:36] Principal + Interest loans in Australia with adjustable rates

[22:55] Contact Matt at Property Resource Shop

[23:17] Understanding why you would want to start investing in income proper

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