Matty Aitchison is a millennial entrepreneur, real estate investor, and wealth building evangelist who has had great success following his turbulent start.  Ranked in the Wall Street Journal’s Top 1000 for real estate teams nationwide, Matt has personally flipped over 100 houses in 5 years, and now passionately mentor others on their journey of unlocking a rich and fulfilling life.

Listen in as Matty and I discuss the pros and cons of rehabbing and flipping properties.

If you missed last week's episode, be sure to listen to The Four Real Estate Market Cycles.

Enjoy the show!

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Pros and Cons of Rehabbing and Flipping - Matty Aitchison
Matty Aitchison is a millennial entrepreneur, real estate investor and wealth-building evangelist.

It's my pleasure to welcome Matty Aitchison to the show. Matty is a millennial entrepreneur, real estate investor and wealth-building evangelist who has had great success following his turbulent start. Ranked in the Wall Street Journal's Top 1000 for real estate teams nationwide, Matty has personally flipped over 100 houses in five years and now passionately mentors others on their journey of unlocking a rich and fulfilling life.

Matty, welcome to the show.

It's a pleasure to be here, Marco. Thanks for having me, man.

My pleasure to have you on the show. You have an interesting background. You're a relatively young guy. If I'm not mistaken, I think you're in your late 20s, is that true?

That's correct.

Again, another millennial. I think you're the second or third millennial I've had on the show here in the recent past. You guys not only intrigue me, but you guys inspire me. You have an interesting background, Matty. Why don't we start off by you telling us about yourself and your background?

I'm from Sacramento, California and born and raised here. I was heavily into sports. It's funny, a lot of people ask me, "How did you get into real estate investing?" I go back to when I was twelve, thirteen, fourteen. My mom, who was always worked in corporate America her whole life, was going to those guru flipper seminars and she would take me with her. At a young age I was exposed to this idea of real estate investing being this vehicle for wealth building and had the ability to put no cap on your income. You had the freedom to be your own boss. You could add value to communities and people in that space. It had always been in the back of my head.

I actually got into trouble a little bit in school, as most teens often do, and I was expelled from high school. I went on to go to UC Santa Barbara for college. In my first year in college, I actually got arrested for the exact same thing that got me expelled from high school. That was my fork in the road, my “oh shiz” moment, I like to call it of thinking, “Man, what am I doing with my life?” The direction that I said I wanted to go in was not being backed up by my actions. My video and the things that I was doing was not matching my audio and the things that I was saying and telling people that I wanted to accomplish. I had a big reflection time at that point in my life.

I remember my dad actually spoke some great wisdom to me at that point in my life where I could have gone in a really wrong direction. He said, “Your rear view mirror is there for a reason and I want you to look at this as an opportunity to say your past doesn't have to equal your future." I decided to keep my focus on the windshield and the vision but also kept in mind the rear view mirror, keeping me aware of what was behind me but what led me to where I was currently at.