『Real Estate Underground』のカバーアート

Real Estate Underground

Real Estate Underground

著者： Ed Mathews
無料で聴く

今ならプレミアムプランが3カ月 月額99円

2026年5月12日まで。4か月目以降は月額1,500円で自動更新します。

概要

Real talk from an operator who learned real estate the hard way.


Ed Mathews analyzed 1,100+ deals before buying his first property in 2011. Frozen in fear. He made every mistake, all while traveling 150+ nights a year working for some of Silicon Valley's top companies. 100+ deals later, he shares what actually works and what doesn't.


Each week, Ed brings you candid conversations with experienced operators, investors, and syndicators. No hype. No theory. Just real deals, real lessons, and the street-level intelligence you won't find anywhere else.


You'll hear about:


  • Deals that worked (and the ones that didn't)
  • What we learned when contractors ghosted and we had to step in
  • How to vet opportunities when everyone else is sitting on the sidelines
  • Conservative underwriting in markets that punish optimism
  • Systems that protect capital when deals go sideways


Whether you're analyzing your first deal or your hundredth, this is the conversation you'd have over coffee with someone who's been there, made the mistakes, learned the lessons and built the track record.


New episodes weekly.

© 2026 Clark St Holdings LLC マネジメント・リーダーシップ マーケティング マーケティング・セールス リーダーシップ 個人ファイナンス 経済学
エピソード
  • From Gold Bricks to Gold Coins: Real Estate Tokenization with Tyler Vinson

    From Gold Bricks to Gold Coins: Real Estate Tokenization with Tyler Vinson
    2026/03/31

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    Tyler Vinson has spent 25 years in investment real estate, from duplexes and flips to multifamily, commercial, and Class A storage. Now he's building the infrastructure to bring real estate into the digital age as the founder of RE Tokens, one of only about 10 companies in the US with an SEC-registered digital broker dealer ATS license, and the only one focused exclusively on real estate.

    In this episode, Tyler breaks down what real estate tokenization actually is, how it enhances (not replaces) traditional syndication, and why it matters for both GPs and LPs. He explains how restricted shares can become tradeable digital assets, how non-accredited investors can participate after 12 months under Rule 144, and what the secondary marketplace looks like in practice. He also shares the personal story that became his mission: a friend from high school who wanted to invest but didn't qualify.

    We also get into the lessons Tyler learned from being over-leveraged during the 2008 financial crisis, his disciplined approach to education, and why the future of real estate investing is undeniably digital.

    What you'll learn in this episode:
    - What real estate tokenization is and how it works (the gold brick to gold coins analogy)
    - How tokenization creates a pathway to liquidity for traditionally illiquid LP positions
    - The SEC compliance framework: Rule 144, ATS marketplaces, and why registration matters
    - How non-accredited investors can access deals that were previously off limits
    - Why over-leverage is the #1 risk in real estate and how Tyler rebuilt after 2008

    Book on Tyler's nightstand: The Power of the Subconscious Mind by Dr. Joseph Murphy

    Connect with Tyler Vinson and RE Tokens:
    - Website: retokens.com (free Quick Start Guide to Real Estate Tokenization)
    - LinkedIn: Tyler Vinson / RE Tokens
    - YouTube: RE Tokens

    Elevista - Speed as a Service™
    Elevista Connect is the first AI-powered lead conversion system built for real estate investors.

    Heads up: If you find this week's book intriguing and you buy using our link, we receive a small commission that helps support the show. Thank you!

    🎧 Subscribe to Real Estate Underground for weekly insights on building wealth through real estate, without sacrificing your sanity.

    Additional Resources:

    • Clark St Capital -> Passive real estate investments for busy business owners and executives
    • Elevista -> AI SaaS for real estate investors
    • Clark St Academy on YouTube -> Learn how to invest in real estate

    Social Media:

    • LinkedIn -> Ed Mathews (President at Clark St and Elevista)
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    52 分
  • Time, Money, and the $21 Million Leap with Ashley Garner

    Time, Money, and the $21 Million Leap with Ashley Garner
    2026/03/24

    Send us Fan Mail

    Ashley Garner grew up swinging a hammer on student rentals near West Virginia University. Decades later, he jumped from a 35-unit portfolio to a $21 million, 196-unit acquisition in North Carolina. In this episode, he breaks down what that leap taught him about conservative underwriting, why his dad's "cash is king" advice saved his business more than once, and how he manages a growing portfolio with a core team of three.

    What you'll learn:
    - Why Ashley underwrites for what a property does right now, not what it could do
    - How flat rent growth and rising expenses are squeezing multifamily operators and what to do about it
    - The KPIs he tracks every Monday to keep 200+ units running
    - Why he's evolving from B-/C value-add to larger markets with better financing
    - The mindset shift that makes raising capital feel like offering an opportunity instead of asking for money
    - Why "if you need to raise $10 million, go ahead and raise $11"

    Ashley is currently raising capital for Bryn Mawr Village, a 196-unit property in Jacksonville, NC being refinanced to a HUD 223(f) loan. Learn more at abgmultifamily.com.

    This Week's Book: Think and Grow Rich by Napoleon Hill

    Elevista - Speed as a Service™
    Elevista Connect is the first AI-powered lead conversion system built for real estate investors.

    Heads up: If you find this week's book intriguing and you buy using our link, we receive a small commission that helps support the show. Thank you!

    🎧 Subscribe to Real Estate Underground for weekly insights on building wealth through real estate, without sacrificing your sanity.

    Additional Resources:

    • Clark St Capital -> Passive real estate investments for busy business owners and executives
    • Elevista -> AI SaaS for real estate investors
    • Clark St Academy on YouTube -> Learn how to invest in real estate

    Social Media:

    • LinkedIn -> Ed Mathews (President at Clark St and Elevista)
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    33 分
  • Dead Retail, Live Returns with Neil Henderson

    Dead Retail, Live Returns with Neil Henderson
    2026/03/17

    Send a text

    Neil Henderson is a general partner and Director of Investor Relations at Nomad Capital, a Wilmington, NC-based private equity firm with a twist on self-storage: they buy vacant big-box retail buildings and convert them into climate-controlled storage facilities.

    The numbers behind their model are hard to ignore. Ground-up self-storage construction runs $120-130 per square foot and takes nearly three years. Nomad's conversions come in at $60-65 per square foot, acquisition to occupancy in 12-14 months. Half the cost, a third of the time.

    In this episode, we get into:

    - Why old Kmarts and strip malls are the perfect conversion targets
    - How vertical integration keeps construction costs at cost-plus-12% vs the industry standard 25%
    - Their current deal: a 171,000 sq ft strip mall in Rocky Mount, NC for $6M with seller financing
    - Why 2026 loan maturities could create a wave of distressed self-storage opportunities
    - The Sam Zell principle that guides every acquisition: buy below replacement cost
    - Neil's Las Vegas condo in 2005 and what it taught him about buying when everyone else is greedy

    Learn more about Nomad Capital at nomadcapital.us

    Book recommendation: "How to Break Up with Your Phone" By Catherine Price

    Elevista - Speed as a Service™
    Elevista Connect is the first AI-powered lead conversion system built for real estate investors.

    Heads up: If you find this week's book intriguing and you buy using our link, we receive a small commission that helps support the show. Thank you!

    🎧 Subscribe to Real Estate Underground for weekly insights on building wealth through real estate, without sacrificing your sanity.

    Additional Resources:

    • Clark St Capital -> Passive real estate investments for busy business owners and executives
    • Elevista -> AI SaaS for real estate investors
    • Clark St Academy on YouTube -> Learn how to invest in real estate

    Social Media:

    • LinkedIn -> Ed Mathews (President at Clark St and Elevista)
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    37 分
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