416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt Onofrio

<p>Many investors look at <strong>commercial real estate</strong> as a high-risk, confusing, and sometimes scary way to invest. Our guest today shows us why this isn’t the case. In fact, he did a <strong>multi-million dollar deal </strong>in his first year in real estate!</p><p>Minnesota-based health care professional <strong>Matt Onofrio </strong>helps us break down the <strong>stigma behind big </strong><a href="https://www.biggerpockets.com/blog/first-commercial-deal-investor-advice" rel="noopener noreferrer" target="_blank"><strong>commercial deals</strong></a>. From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can <strong>thrive in real estate</strong>... even with no prior knowledge of the space.</p><p>You may want to bring a notepad and pen, as Matt walks us through <strong>advanced strategies</strong> such as <a href="https://www.biggerpockets.com/blog/reverse-1031-exchange-real-estate" rel="noopener noreferrer" target="_blank"><strong>reverse 1031 exchanges</strong></a><strong>, seller carrying, </strong><a href="https://www.biggerpockets.com/blog/2015-04-26-cost-segregation-increase-annual-depreciation-save-money" rel="noopener noreferrer" target="_blank"><strong>cost segregations</strong></a><strong>, and </strong><a href="https://www.biggerpockets.com/blog/triple-net-leases-commercial-real-estate" rel="noopener noreferrer" target="_blank"><strong>triple net leases</strong></a>. Whether you’re looking into <strong>commercial or residential real estate</strong>, this is a <strong>can’t-miss</strong> episode.</p><p>In This Episode We Cover:</p><ul><li>Locking up your <strong>first deal with $0&nbsp;</strong></li><li>How commercial real estate can not only be profitable, but <strong>safer than residential</strong></li><li>The importance of your inner <strong>investor/mentor circle</strong></li><li>Whether residential or commercial real estate <strong>works for your mindset</strong></li><li><strong>Offensive vs. Defensive</strong> real estate st