On this week’s show, I interviewed Matthew Joseph, founder of Coastal Hotel Properties and West Avenue Realty.
On this week’s show, I interviewed Matthew Joseph, founder of Coastal Hotel Properties and West Avenue Realty. Matt reached out to me to share his story. I am approached multiple times per week by potential guests and their PR firms to come on my show. I really try and focus on active investors who I think will be of most benefit to you the listener. I believe Matt is definitely one of those investors!
When I asked Matt about his investment experience, he told me that he started as a residential broker in 2005 in Miami where he sold over $300m of apartments. Then, he started working with investors flipping condos in 2009-2013 and then got into selling luxury. He said he realized the only way to get ahead is to own real estate, so he bought land on Biscayne Blvd. for $250k in 2006 and flipped it for $1.2m in 2013. Then he was hooked. He started syndicating and finding deals. He found a motel deal in 2015 on Craigslist, and created a cool niche by taking old roadside motels and making them cool. He’ll talk about how he structured his first deal with just a deposit down.
Matt now has 18 years of direct real estate investment and sales experience. Today CHP is a privately held, fully integrated, entrepreneurial real estate and hotel management company that develops, acquires, and operates hospitality assets. CHP manages 400 units, 50 million portfolios throughout Florida and North Carolina. CHP is in the process of creating a new extended-stay brand called Coastal Suites.
What I really liked about Matt’s interview was how he spoke about being a student of the game and the importance of being a constant learner. He also talked about how he looks at assets from the inside out to figure out how best to reposition. I know that you’ll get a lot out of this episode. To connect with Matt you can link in with him at linkedin.com/in/mjlists, https://coastalgetaway.com/, https://coastalsuites.com/
Thanks for Listening!