Matthew Perry learned about real estate in school and started flipping houses as a college student. What started out as a means to make beer money, turned into a passion for making an impact through real estate. He focuses on projects that have a direct and tangible impact on communities, flipping roughly 50 projects throughout New England and about 100 wholesale transactions. On today’s episode, he shares how he got started without a plan and how he’s refined the process since. In addition, he shares how his work impacts communities and provides an overview of the Boston market.
Key Market Insights
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Fascinated by the different pockets of neighborhoods in Atlanta
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Conduct an intense 2-3 week market analysis
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Review the demographics of the area
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Spoke to 20-30 agents about what buyers where seeking
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Averaged about 80 projects while in college with partners
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Moved into buy and hold by purchasing in Raleigh, Charlotte, Richmond and Baltimore
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Were people moving into the city? If so, what part of the city?
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Look at the last two years to get a sense of the market
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Where are people looking and what do they want?
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Make sure your updates are based on what the market wants, not the picture in your head
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Look to make an impact on the community, not just a single house
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Find a way to renovate multiple houses in one area to earn trust and support of the community
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Boston is one of the top 5 most expensive markets for real estate
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Cost per square foot runs parallel to NY
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Boston is landlocked and you can ride a bike from one end of the city to the other in about 45 minutes
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Lots of “bedroom communities” where people live there only to sleep and commute into the city of Boston
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Matt’s farm area ranges from Boston to Wooster and Boston to Manchester, New Hampshire
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Boston’s growth starts Chelsea, Revere, Hingham, Weymouth
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Newer growth taking place in north shore – Gloucester, Ipswich
Bull’s Eye Tips:
Winning Your Market: Understand the Submarket
Tracking Market Changes: Talk to a lot of people
Daily Habit: Talks about projects to his wife
Resources:
Best Business Books:
Principles of the Process by Edward Deming
Digital Resources:
Podio
Tweet This:
“Look to make an impact on the community, not just a single house”
“Just shut up and do it”
Places to Grab a Bite:
No Name Lobster Restaurant (Good luck finding it, “Kanye Shrug”)
Connect with Matthew:
Email: matthewperryrealty@gmail.com
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