The Matt King Show

$150M in Net Worth in Under Two Years with Matt Onofrio - Member Spotlight Episode 167


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MATT ONOFRIO | Matt Onofrio has a Doctorate in Anesthesia from Mayo Clinic in Rochester, MN. He is the founder and CEO of WMV, a commercial real estate investment company in Eau Claire, WI which specializes in the acquisition of triple-net commercial assets for both its founder and investors across several states. He is the sole owner of a $100M+ NNN commercial real estate portfolio and has been involved in over $500 million of commercial real estate transactions. Matt's book The Insiders Guide to Triple Net Investing will be released Sept 2022 from BiggerPockets. His hobbies are traveling, running, playing guitar, and he is bilingual in Spanish.

Matt was born in Fort Collins, CO and currently resides in Eau Claire, WI. He spent his early years moving from one place to another as his parents were doing mission work. He traveled the country from 7-11 years old and was in Mexico City from 11-16 where he was home schooled.

Matt paid his way through college and has credits from ten different universities. At one point, he was a horse wrangler and then became a firefighter for five years. He also went to nursing school and has a background in anesthesia at the Mayo Clinic. While in school, he was able to make $61k from partnering to buy an apartment building. 

Now, Matt is focused on building his Commercial Real Estate portfolio.


Highlights of the Episode:

01:48 - Introduction of the guest

04:04 - The start of the TripleNet journey

05:11 - How many deals between May 2019 to now

05:21 - Update on Net Worth today

06:05 - The steps taken

09:13 - How to create value despite being green

11:28 - How to receive 150 million net worth in two years

15:19 - Habits to become the person written in your vision

18:29 - How to get there after setting the intention

22:29 - Merging philosophies

24:35 - Anchored to purpose

29:23 - Steps to acquiring property and cash flow

32:45 - Seller carry as a viable strategy

37:06 - Does your business model still work?

41:29 - Accomplishments with the book

43:38 - What’s in the book?

46:13 - Why we should leave the comfort zone


Quotes:

“Sitting on the sidelines is never a great strategy.” - Matt Onofrio

“You can choose suffering, or you can choose joy.” - Matt Onofrio

“A piece of a deal is better than no deal..” - Matt Onofrio


Connecting with the Guest:

Website: http://www.mattonofrio.com

Instagram: https://www.instagram.com/matt.onofrio/

LinkedIn: https://www.linkedin.com/in/matt-onofrio


Connect with our growing community:

Facebook: https://www.facebook.com/gobundance

LinkedIn: https://www.linkedin.com/company/gobundancegbl/

YouTube: https://www.youtube.com/user/GoBundance

Twitter: https://twitter.com/GoBundance


Subscribe to our GoBundance Podcast:

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