This is an inspiring interview episode that I had with Matthew Drouin. For all of you that don't know him, he is a high-performing real estate executive with 15 years of experience in real estate management, development, and brokerage. His experience includes specialization in asset turnaround and stabilization of distressed assets. He is building and developing world-class management teams. His specializations also include crafting innovative marketing campaigns on new assets under development and executing those plans; resulting in lease-up above pro forma and ahead of schedule. You might be asking, that's a huge accomplishment! So how did he start?
Matthew Drouin came from a lower-class family in Western New York. Growing as a child, he spent a lot of time living in basements and between houses. He's been a "daydreamer" for most of his life. After college, he worked part-time as a bank teller and realized that it's not that life that he wanted so he decided to work under his dad in real estate and developed his talent from there until he was capable of living on his own.
He started in Real Estate back in 2006, with a 4-unit property, which he got at a subprime loan of 8.8% interest and he lived on 1 unit. In his first million-dollar commercial BRRRR deal office building, he was able to raise $300k from private investors, 5 year-term on a 7% interest, and refinanced it. He reached financial freedom when he was 33 years old. Currently, he is into purchasing run-down vacant buildings and re-developing them. He now has 75 residential units mostly multifamily and about between 30-50 commercial units which are office-based/industrial spaces all in Rochester NY. His current goal is to build a net worth of $20M by setting up a family office that will survive beyond his passing.
If you are new to real estate investing, this video is a must-watch for you as he will share his tips on how you can leverage in this field. There is a saying, "you don't have to be great to start but you have to start to be great."
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