How Matt Rodak Plans To Fund Every House Flip In America with Fund That Flip
Any amount of research into the seemingly eternal-growing market of real estate investment will almost surely make one familiar with Matt Rodak, Founder and CEO of Fund That Flip.
Matt Rodak
Any amount of research into the seemingly eternal-growing market of real estate investment will almost surely make one familiar with Matt Rodak. The 2007 John Carroll grad is the founder and CEO of Fund That Flip, a company which allows anyone to apply for fast and affordable funding in the rehabilitative real estate investment business. The New York based startup had already raised $2 million by April 2016, shortly after graduating from Manhattan's Entrepreneur Roundtable Accelerator in the summer of 2015 and Founder Institute New York prior to that. Fund That Flip finds its niche by bridging the gap between accredited investors and vetted real estate rehab projects in the U.S.
On this episode of Ambition Today, Matt Rodak discusses his seemingly inevitable entrepreneurial roots (despite his "best efforts") as the son of a business owner. He explains how his relationship with his father, and him owning his own company before and during college, led to Matt's on-again, off-again kinship with business ownership. Today, Matt capitalizes on the experiences of his youth by taking action to solve the problems he notices in his industry, such as streamlining the loan application process for prospective "flippers". We hear about his journey to where he is, his advice on how to get there, and much more:
Maturing in an entrepreneurial-spirited family.
Paying for college by advancing a teenage lawn-mowing gig to a profitable business that he was able to sell during his sophomore year at JCU.
Being introduced to the real estate market through his early exposure to landscaping.
What to study in college vs. what to leave to education via real-world experience.
Bringing an entrepreneurial spirit to a non-entrepreneurial position at a large business.
Using lessons from upper management to implement starting a business.
Creating a business to streamline and eliminate the fallacies of market norms.
Employing the JOBS Act to capitalize on a brand-new industry.
Ownership vs. Accountability in life.
Ambition Today Question of the Day™:
"How do you align the ambitions of your team with the ambitions of the company?"
Links from this episode:
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Startup Of The Week: Fund That Flip
I am starting a new blog segment called the "Startup Of The Week" or S.O.T.W.™ for short where I plan to highlight a great startup each week. There are several startups working to make the world a better place and I want to tell you a little bit more about them. The Startup Of The Week for the week of January 25th is Fund That Flip.
I am starting a new blog segment called the "Startup Of The Week", or S.O.T.W.™ for short, where I plan to highlight a great startup each week. There are several startups working to make the world a better place and I want to tell you a little bit more about some of them. The Startup Of The Week I have selected for the week of January 25th is Fund That Flip.
Fund That Flip
Founder: Matt Rodak, CEO
Headquarters: New York, New York Operating: United States
One sentence pitch: The easiest way to fund your real estate investments.
In my words: Fund That Flip connects real estate investors, starting at only a $5,000 minimum, who are looking to invest money with house flippers that are looking to borrow money for an upcoming renovation.
In their words: "We are technology, real estate and financial service professionals on a mission to create new opportunities for Investors to take advantage of the positive returns real estate can provide. At the same time, we are helping re-developers access a new source of capital so they can focus on what they do best – finding and rehabilitating homes so they are again livable. Leveraging our team’s diverse expertise and new legislation passed as part of the JOBS Act, we are building the preferred real estate investment marketplace for investors and re-developers."
Accomplishments:
How it Works:
If you want to learn more or let me know your thought on this week's Startup Of The Week you can contact me here.