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Artwork for Real Estate Underground

Real Estate Underground

Ed Mathews
Real Estate
Real Estate Investing
Mortgage Notes
Podcasting For Capital Raising
Real Estate Underground
Real Estate Syndications
1031 Exchange
Real Estate Debt Fund
Self-Storage
Florida Real Estate
Multifamily Housing
Real Estate Done For You
Napoli, Italy
Miami, United States
Accredited Investors
Pembroke Pines, United States
Property Lens
Shine
EM Capital
Southeast Markets (atlanta, Charlotte, Raleigh, Columbia)

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 o... more

PublishesWeeklyEpisodes203Founded8 years ago
Number of ListenersCategories
EntrepreneurshipBusinessInvesting

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Artwork for Real Estate Underground

Latest Episodes

JB Thibodeaux grew up in Acres Homes in Houston and is a third-generation carpenter and concrete specialist who turned that craft into a vertically-integrated real estate development business. His firms, J.B. Thibodeaux Homes & Properties, CCB Constr... more

Dan Ihara has sold over $1 billion of real estate, moved 1,600+ units, and completed 400+ 1031 exchanges—without failing a single one.

And he built the whole thing around a niche almost no operator talks about: senior-care real estate.

In this epis... more

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Most multifamily operators treat internet as a tenant problem or a cost line they grumble about. Adam Bell, Founder and CEO of Internet Subway, says they're leaving real money on the table.

Adam runs a modern ISP focused exclusively on apartment com... more

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Brandon Cobb's business model is simple: take farmland, get it approved for housing, and sell it to national home builders like Lennar and DR Horton. The builders have no choice but to buy. They're publicly traded. Plan A is buy land and build houses... more

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Recent Guests

Neil Henderson
General Partner and Director of Investor Relations at Nomad Capital
Nomad Capital
Episode: Dead Retail, Live Returns with Neil Henderson
Lon Welsh
Managing Director at Ironton Capital
Ironton Capital
Episode: From Active Investor to Private Equity Fund Manager: Lon Welsh's Evolution
John Azar
Founder & CEO of Peak 15 Capital
Peak 15 Capital
Episode: Car Washes, Flex Industrial, and the Alpha Strategy with John Azar
Alec McElhinny
FlexSpace developer and CEO of Landplay
Landplay
Episode: Flex Space: The Hidden Gem in Commercial Real Estate with Alec McElhinny
Ben Carmona
CEO of Perch Wealth
Perch Wealth
Episode: From Active to Passive: The 1031 Exchange Revolution with Ben Carmona
Mark Schuller
Architect turned real estate investor; founder of SGRE Investments
SGRE Investments
Episode: Beyond Blueprints: An Architect's Journey into Real Estate Investment with Mark Shuler
Daniel Angel Mejia
Founder of Apex Development Group
Apex Development Group
Episode: Building Success One Deal at a Time with Daniel Angel Mejia
Chad Ackerman
Real estate investor, coach, and founder of Care Chad Ackerman Real Estate
Left Field Investors; Care Chad Ackerman Real Estate
Episode: You Don't Need To Be Special To Succeed in Real Estate Syndications with Chad Ackerman
Vincent Gethings
Real estate investor; founder of Tri-City Equity Group and Wheelbarrow Profits coach
Tri-City Equity Group; Wheelbarrow Profits
Episode: The Ladder Against the Wrong Wall: Finding Purpose in Real Estate with Vincent Gethings

Host

Ed Matthews
Host of Real Estate Underground

Reviews

4.9 out of 5 stars from 25 ratings
  • High Quality Content

    Ed does a great job of connecting with his guests and creating fruitful conversations. I had the pleasure of joining Ed on an episode, and it was one of the best podcasts I have participated in. I have also listened to a lot of his content and have found many valuable insights practical in my own work. Thanks, Ed!

    Apple Podcasts
    5
    bengaltiger$
    United States2 years ago
  • Great podcast!

    Insightful! Justin taught me how to identify hidden value in land and financial deals. Now, I can recognize opportunities in undeveloped land and leverage smart financing to turn them into profitable ventures, maximizing real estate potential.

    Apple Podcasts
    5
    Patience Patria
    Philippines2 years ago
  • .

    .

    Apple Podcasts
    1
    Gongshow524
    United States3 years ago
  • Ed is such a great host!

    I had the honor of being a guest on Real Estate Underground and Ed is a great host. He really cares about serving his audience and his guests. I’ve been on lots of podcasts and that’s a rare find. You can tell Ed knows his audience and what questions they would want him to ask on their behalf. I hope I have the opportunity to come back on. This is definitely a show you want to listen to. Ed is awesome.

    Apple Podcasts
    5
    BKW Property Solutions
    United States3 years ago
  • Ed brings a ton of value by uncovering the secrets to success in commercial real estate and multifamily via conversations with various multifamily real estate investors, learning about some of the challenges they faced and various strategies to pivot and move forward.

    Podchaser
    5
    Vessi K
    3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Ed's interviewing connects with guests and yields practical, valuable insights.
A rare, audience-centric interview style that helps real estate practitioners take actionable steps.
Consistently positive about the show's beginner-friendly and experienced-investor appeal.
Guests praised for down-to-earth questions and mentorship-oriented approach.
Listeners appreciate the host's clarity and audience focus; top-tier guests with actionable takeaways.

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Talking Points

Recent interactions between the hosts and their guests.

Dead Retail, Live Returns with Neil Henderson
Q: Can you describe a standout deal that illustrates your approach?
A notable Kmart conversion involves acquiring a 171,000-square-foot strip mall in Rocky Mount, NC for about $6 million, using a first-position bank loan with a three-year interest-only period and a secondary seller-finance component. The plan includes leasing up a divided site and leveraging the existing box to fast-track cash flow while completing the conversion.
The Engineer Who Traded Rockets for Real Estate with Chris Lento
Q: Where are you taking the business next and how do you handle financing in a higher rate environment?
We're continuing growth with a mix of traditional financing, preferred equity, and LP equity, while adjusting capex and leverage to stay within conservative LTV and fund acquisitions as the market normalizes.
The Engineer Who Traded Rockets for Real Estate with Chris Lento
Q: What does your buy box look like and what attributes are you keyed in on for a potential deal?
We Target properties from 10 million to 50 million in population areas of 250,000 or more, built in 1985 or later, with two-bedroom units and a value-add plan that can realistically push rents and occupancy without overreaching.
The Engineer Who Traded Rockets for Real Estate with Chris Lento
Q: How many markets are you in right now?
We're in four markets and currently heavier in Atlanta, with a total of over 800 units under management across the Southeast.
From Tech Sales to Texas Properties: How Matt Buchalski Found Balance in Business and Life
Q: How do you balance growth with family?
By treating family time as a non-negotiable priority and using real estate as a vehicle that funds life outside work, rather than chasing every deal purely for financial gain.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About Real Estate Underground

What is Real Estate Underground about and what kind of topics does it cover?

This show focuses on practical real estate investing, financing, and deal execution, with guests who share actionable strategies, risk management, and capital-raising approaches. Episodes emphasize building relationships with investors, lenders, and partners, using systems and storytelling to accelerate opportunities, and staying disciplined with underwriting and due diligence. The format leans toward conversational interviews that uncover real-world workflows, mistakes to avoid, and ways to structure deals for cash flow and scalable growth. A standout aspect is the emphasis on value-first networking over chasing headlines, often illustrated with concrete case studies and templates listeners can adapt to their own portfolios.

Where can I find podcast stats for Real Estate Underground?

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How many listeners does Real Estate Underground get?

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How many episodes of Real Estate Underground are there?

Real Estate Underground launched 8 years ago and published 203 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Real Estate Underground?

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Where can I see ratings and reviews for Real Estate Underground?

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What guests have appeared on Real Estate Underground?

Recent guests on Real Estate Underground include:

1. Neil Henderson
2. Lon Welsh
3. John Azar
4. Alec McElhinny
5. Ben Carmona
6. Mark Schuller
7. Daniel Angel Mejia
8. Chad Ackerman

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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