A Masters Degree in REI (Literally) with Matt Teifke and Alex Coffman

Property Profits Real Estate Podcast

Around the age of 13, Matthew Teifke saw his single mother start to invest in real estate and was immediately drawn to the industry. At the age of 17, he became a licensed realtor and worked through college at Texas A&M Corpus Christi. He earned his degree but made up his mind that real estate was the path for him. He went on to earn a Masters of Real Estate from Texas A&M in College Station and started a career in commercial real estate.

Alex Coffman has been passionate about real estate since his earliest years of growing up in Round Rock. He has always been an entrepreneur and worked for himself since the early age of 13. Alex first dove into real estate by managing administrative and maintenance tasks at a property management company in Corpus Christi. He later moved back to Austin, where he started two businesses in the recovery industry. Alex started to invest with Matt and grew their real estate partnership with over 30 units under contract and closed in their first couple of years together. In May of 2020, Alex officially became a partner at Teifke Real Estate, where he currently oversees the brokerage operations and the different branches of the company.

In this episode, Matthew and Alex share how their partnership has created a successful venture together with them spilling the best practices, a lifestyle they live, and the sacrifices they still make to this day. They also talk about the creative ways to stand out from the competition and close deals.

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What you’ll learn in just 17 minutes from today’s episode:

• Find out the key to successfully run a real estate business and many other different businesses around it all at the same time
• Find out proven ways and strategies on how to close deals even in a competitive market
• Discover how these two business partners delineate their roles resulting in a profitable real estate partnership

Resources/Links:

• Website: https://www.teifkerealestate.com/

Topics Covered:

01:42 – How Matt and Alex manage the different businesses they have successfully

04:42 – When and how their partnership started

05:12 – Matt shares about Alex’s contribution to their business

06:50 – How Matt’s mom influenced him into real estate

08:34 – What Matt’s first foray into real estate was

12:44 – How Alex and Matt complement their roles in the business

Key Takeaways:

“We’re still working as hard as we can every day. We don’t act like we’ve hit success. We sacrifice everything we can every day to build our business to represent our clients well and to put out a good product.” – Matt Teifke

“We have just built a big business based on having a lot of great partners, Alex and I don’t run these things all on our own.” – Matt Teifke

“The key is the people. We have so many strong hustlers, integrity-driven, long-term, open-minded people on the team. And we all just divide and conquer.” – Matt Teifke

“I was fascinated by the concept of owning real estate. It always started with me wanting to own real estate to set up a lifestyle that I could be financially free, and be entrepreneurial, but not have to show up to a job.” – Matt Teifke

Connect with Matt Teifke:

• Website: https://www.teifkerealestate.com/
• Facebook: https://www.facebook.com/teifkerealestate
• Instagram: https://www.instagram.comteifkerealestate
• LinkedIn: https://www.linkedin.com/company/teifkerealestate
• Twitter: https://twitter.com/tre_atx?lang=en
• YouTube: https://www.youtube.com/channel

Connect with Dave Dubeau:

• Podcast: http://www.propertyprofitspodcast.com/
• Website: https://davedubeau.com/home
• Investor Attraction Workshop: http://www.investorattractionworkshop.com/
• Facebook: https://www.facebook.com/thedavedubeau
• LinkedIn: http://linkedin.com/in/davedubeau

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