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Real Estate & Cryptocurrency with Matthew Sullivan of QuantmRE

Real Estate & Cryptocurrency with Matthew Sullivan of QuantmRE

FromChain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More


Real Estate & Cryptocurrency with Matthew Sullivan of QuantmRE

FromChain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

ratings:
Length:
34 minutes
Released:
Dec 11, 2018
Format:
Podcast episode

Description

Matthew Sullivan is the CEO and Founder of QuantmRE, a cryptocurrency startup that supports homeowners by helping them sell a fraction of the equity in their home without taking on more debt. A seasoned entrepreneur, Matthew has a proven track record in real estate innovation through his experiences as Co-Founder of the $50M Secured Real Estate Income Strategies Fund, and as Founder and President of Crowdventure.com, a real estate crowdfunding company.   Welcome!   [:] As mentioned above you’ve founded a startup that specializes in Real Estate & Crypto. First off can you talk about what a security token is in crypto? ● Securities are well understood as stocks, bonds etc. ● ICO’s appeared over the last few years and companies started making money off these as tokens. Companies were able to use these tokens as a means to create funding of working capital. ● Companies started using ICOs to avoid disclosures and protections offered by typical securities. ● Tokens allow a huge amount of liquidity ● Leverages benefits of blockchain and is governed by the SEC/other regulatory bodies   [:] In traditional housing, you’ll apply for a home loan from the bank and based on your credit profile and down payment the bank will lend you money. How is crypto disrupting this space? ● QuantmRE allows people to unlock the value of their homes without taking on more debt ● If you have equity in a home, you can get paid cash for the equity ● Ultimately it comes down to trust ● Fund structured as REIT   [:] What makes the transaction enforceable? What’s to stop me from “selling” a part of my home and then disappearing? Visa versa, for the investor how do I know what I’m investing in is real? ● Traditional mechanisms are used to enforce, Matthew’s team has been involved in Real Estate for many years   [:] Do you think we’re going to see a shift from traditional funding sources to crypto with respect to real estate? Who actually owns the title of the property? ● Separate crypto from blockchain, blockchain creates a layer of truth ● The home owner remains on title     [:] Value Link Round Check out the Chain of Wealth podcast show notes pages! Tons of links and useful information   [:] What is your saving or retirement plan? ● Not Bitcoin! ● Matthew bets everything on his businesses   [:] Do you have any other books or podcasts you can recommend? ● Crypto the Wonderdog (Podcast) ● Reading the news- build up your knowledge over a period of time   [:] Favorite Quote? ● Success is not final, failure is not fatal: it is the courage to continue that counts.   [:] Parting piece of advice? ●The answer is right in front of you!Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip
Released:
Dec 11, 2018
Format:
Podcast episode

Titles in the series (100)

Denis and Katie interview inspiring people on topics around debt, wealth, investing, financing and more. Building wealth is a fundamental principle where there is not enough knowledge - follow them on their journey to pay back all Katie's debt and learn from the masters themselves! Episodes Monday & Thursday, which are perfect for your commute, teach you actionable ways to build your financial life and achieve your dreams. During the episodes, we touch on questions that unlock thought leaders' secrets. Right after that we jump right into the value link round, where we get their take on why people fail, some of the best books or podcasts they recommend and much more!Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip