The curious case of Matt Onofrio

[Dan Tran]

Matt Onofrio is a commercial real estate investor that purported to have a NW of over 150 million in CRE assets. He claims to have done this in as little as 2-3 years. His BP interview had over a million views and he appeared on many other RE podcasts and interviews. He also had a book coming out that he claimed would be published by BP (or at least, have a foreword by BP).

Now, his instagram has been privated for months. Preorders of his book have been cancelled. His book's release date has gone past with no explanation. And most strangely --- his BP interview on YouTube has been unlisted/privated without explanation. 

So, what happened? Did high interest rates kill his investment strategy? Was there a falling out with his connections at BP? Or was he a fraud that somehow got past whatever verification BP uses before interviewing professionals? 

As someone who listens to BP faithfully, this under-the-rug treatment is a little concerning. 

Link: https://mattonofrio.com/ (note the unlisted BP interview)

[Chris Seveney]

@Dan Tran

Never heard of him. One thing to know about real estate is people who claim to go from $0 to large amounts (in this case $125M), typically are smoke and mirrors. The guys and girls who have significant wealth in real estate do not brag about it.