Joining us on this episode of Living Off Rentals is someone who has mastered the art of raising and deploying private capital.

Matt Faircloth is the Founder & CEO of The DeRosa Group and has been a full-time investor for 15 years. Today, he has amassed a portfolio of nearly 2,000 units and raised millions of dollars from passive investors to fund his projects. He's also the author of Raising Private Capital, a best-selling book published by BiggerPockets, which has sold over 50,000 copies.

From starting with small BRRRR deals funded by friends' IRAs to scaling into large multifamily and hotel acquisitions, Matt shares how any investor can use other people's money to grow, without losing themselves or their relationships in the process.

If you have ever felt stuck because you "don't know any millionaires" or worry about asking people to invest with you, this conversation will change your perspective.

Enjoy the show!

Key Takeaways:

[00:00] Introducing Matt Faircloth and his background

[02:35] How Rich Dad, Poor Dad sparked his start in real estate

[04:34] After Matt quit his full-time job

[05:33] Rebuilding and learning to raise capital

[06:51] The misconception of raising money

[11:22] The challenge of getting an appraisal

[12:40] Using self-directed IRAs and retirement accounts to fund deals

[17:12] The best way to educate people about investing

[20:37] The right way to combine private money with bank loans

[22:10] What Matt looks for in deals today: cash flow first

[24:48] Your spouse is...

[27:24] Separating work and personal issues

[32:53] Educating your kids about finances

[35:30] What incentive-based landlording is

[37:32] Residents, not tenants; communities, not apartments

[41:04] His advice for people who want to leave their jobs

[45:52] Clear goals to keep you moving forward

[48:30] Connect with Matt Faircloth

[50:16] Outro

Guest Links:

Website: https://www.derosagroup.com/ YouTube: https://www.youtube.com/user/derosagroup Instagram: https://www.instagram.com/themattfaircloth/ Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals