The Book Club Interview

#15 Raising Private Capital with Matt Faircloth!

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Matt Faircloth is the cofounder and president of the DeRosa Group, a real estate investment company that specializes in buying and renovating dilapidated properties. Matt and his wife, Liz, started investing in real estate in 2004 with a $30,000 loan. DeRosa owns and controls a diverse portfolio consisting of residential and commercial assets throughout the East Coast and has completed more than $30 million in real estate transactions involving private capital. Matt and Liz are active contributors to the BiggerPockets  community and parents to two adorable kids.  

Lessons you will learn today:

  • The challenges of writing a book and Matt’s tips to help you get past the distractions. (Just let things happen)
  • His definition of Private Capital: “Private capital is a source of money that comes from an individual, not a bank or other financial institution. It is positioned in two ways, as a loan (debt) or ownership (equity).”
  • Different uses of debt and equity. Benefits and Risks
  • Unique factors of Private Capital and how it has three characteristics that make it unique (Negotiability, Win-Win, The Source of The Money)
  • Faircloth’s FOUR Prerequisites to raising private capital! (Education, Track Record, Personal Inventory, Business Plan)
  • Keys to success in his business (Systems and self reflection)
  • Ways to find and keep investors
  • 3 Keys with Investments (Under promise and over deliver, Communication is everything, Fall in love with this business)
  • Matt identifies two qualities above all else in chapter 4, integrity and trust.
  • Running a marathon vs. a sprint and putting one foot in front of the other (In business)
  • Finding our personality strengths in Chapter 6
  • Some of the first questions investors will ask you
  • Structuring deals in chapter 7-8
  • How to remove your investor ceiling with raising private equity
  • How Matt compartmentalizes his week with goals (Bring proactive vs. reactive)
  • How he handles his investor relations
  • His wife’s podcast!
  • DeRosa Gives Charity!

    • DeRosa Group: https://www.derosagroup.com/

    Book: https://www.biggerpockets.com/store/raising-private-capital-ultimate

    Youtube Page: https://www.youtube.com/user/derosagroup

    InvestHER Show: https://therealestateinvesther.com/

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    The Book Club InterviewBy Scott Hollister
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