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  2. QuantmRE with Matthew Sullivan

QuantmRE with Matthew Sullivan

Jun 24, 2018

FAR 162 Expected Air Date: 06/25/18

Opening

Many of you listening to this have two types of assets - liquid assets and illiquid assets. A liquid asset is cash or anything that can be turned into cash in about 3 days such as publicly traded stocks. Illiquid assets include things like real estate, which clearly cannot be turned into cash -- until now. Our guest today is Matthew Sullivan, founder and CEO of Quantm RE. Matthew and his company have developed a way to turn your equity into cash. You are not refinancing your home, there’s no credit check, and once your equity position is established through an appraisal and title work, you are just hours away from cash in your bank account. The company will buy a percentage of your equity at current value and wait for you to sell the house before getting paid back. Does this sound too good to be true? How does the company make money? Surely it’s not doing this out of charity. What are the risks to you as a homeowner and what are the risks to the company? I recorded the interview earlier and I’ve had a little time to think about this and I think it is one of the coolest ideas I’ve seen in a long time in real estate. Matthew and his team DO make money, but most of the risk is on them. Once you understand your costs and make a plan for the money you will receive that will more than cover those costs, this is something you should consider. Everyone’s situation is different and this wouldn’t be a great solution for everyone, but on the whole, this is an idea I can get behind. And wait until you hear what they then do with that shared equity. They give the public, you and me, a chance to own some of it. All that is coming up today on Flipping America.

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News!

Guest:  Matthew Sullivan, Sell a Piece of Your Home

Notes from the Interview The company is called QuantmRE. Find them at www.quantmre.com. The idea here is you sell a percentage of the equity in your house. This gets paid back when you sell the house. The concept is known as shared equity and is a way to turn the equity in your home into cash. The shared equity is then tokenized and sold as a crypto-currency -- a digital currency backed by real estate. The coin will be called EQRE. - the Quantm Coin.

Comment Line calls and Questions

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Emails:

Questions@flippingamericaradio.com Tell us where you’re from!
  • Keith, Bakersfield, CA “What is your opinion of flat fee real estate services and the agents that do them?”
  • James, Boulder, CO “We are looking into buying rental properties in college towns. It won’t work here in Boulder with the Air Force Academy, but it seems like a decent idea. Your thoughts?”
  • Casey, Seattle, WA “I was in a meeting a month ago and someone there had been on your show, so I went looking for it. I can’t believe all the great information you are just giving away, but I thank you. I’m really new at this, but my husband and I have some rental properties. They seem to pay for themselves, but I think maybe not quite, when you consider everything. We have 4 houses that together cost us $1.4 million. We get about $6500 per month from them. They are all free and clear with good tenants in good areas. What I don’t know is whether they are really a sound investment. They are in Seattle and we believe they will be worth more in a few years than we paid for them.”

Motivational Thoughts for the day

  • Keep your eyes on the stars and your feet on the ground. -Theodore Roosevelt