If you are in Utah or surrounding areas and are in need of financing for a Real Estate project, you have probably been referred to none other than Matt Strong. Having been in the industry for over 25 years, Matt has lent over 400MM in volume to investors, bought and sold over 400+ houses, has many rentals, and is a partner of ours on a large office building we purchased in Idaho. His real estate journey begins when he bought a house from Ivory Homes, one of Utahs largest home builders. He became an agent before he bought his first house and credited his commissions towards his downpayment. He then became an agent for Ivory, and started selling houses for them. Knowing that it was a temporary position, he was on the lookout for something else he could do. An opportunity to flip a house appeared, and he was hooked. After flipping a few houses, he went out on his own.
Fast forward roughly 20+ years, and Matt has accomplished what most could only dream of. His bread and butter is short term hard money loans to house flippers. Matt began brokering these loans when others asked him how he was finding the money for his own flips. He now manages, at about any given time, roughly 50MM in current active loans.
After having many wins and many losses, Matt continues on his real estate journey. He has branched out to different companies, one being a tech company that he co-founded, called "Mysherpas", a leading lending platform for commercial borrowers, private lenders, and brokers.
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This episode was edited and produced by Nate Patch.
