14 min listen
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)
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