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 RisksUnique 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 investors3 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 6Some of the first questions investors will ask youStructuring deals in chapter 7-8How to remove your investor ceiling with raising private equityHow Matt compartmentalizes his week with goals (Bring proactive vs. reactive)How he handles his investor relationsHis 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/