289: Using Other People's Money to Build Your Real Estate Empire with Matt Faircloth

Building a real estate business can be one of the best ways to achieve financial freedom. The problem for most, however, is money: There simply isn’t enough in your hands to get all the deals you want. That’s why today’s show might be the most impactful podcast episode you’ve ever heard. In today’s interview with Matt Faircloth, author of the new book Raising Private Capital, shares the steps needed to begin raising money from others to fund your real estate deals. You’ll discover the different types of private capital (and how to approach each), how Matt and his wife were able to grow from 30 units to over 300 (!) using other people’s money, and why talking about metrics to a private lender might not be a great idea at first. If you want to 10x your real estate portfolio or build your empire faster, this is one show you can’t afford to miss!
In This Episode We Cover:

Who Matt Faircloth is

How they’ve reached 380 units to date

Tips for building wealth by investing in business

What you should know about opportunity cost

Finding deals versus making good deals

How to raise private money

Tips for starting a business with friends and family

A role-play call with David

The number one question potential cash providers ask

Why you should start with debt

A new way to look at debt

When the SEC gets involved

About his book

And SO much more!

Links from the Show

BiggerPockets Forums

Brandon’s Instagram

David’s Instagram

BiggerPockets Instagram

BiggerPockets Store

BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth

BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth

BiggerPockets Webinar

BNI

BiggerPockets Pro Replay

BiggerPockets Hard Money Lenders

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki

Rich Dad’s Cashflow Quadrant by Robert Kiyosaki

Raising Private Capital by Matt Faircloth

Lifeonaire by by Steve Cook & Shaun McCloskey

Fire Round Questions

What kind of rates are investors getting from private lenders? What’s the holding period?

Is there a serious, reliable source for PM lenders available?

Would a loan from friends and family be considered private money?

If you do pay for your coach, how does the fee work

Whats up with the investors/mentors?

Do I need a basic contract to use when raising private money, even from people I know and trust, even for family?

Are there specific rules around raising the 20% down payment that most banks require?

Tweetable Topics:

“When it comes to raising money, you got to establish trust first.” (Tweet This!)

“People should start with debt.” (Tweet This!)

“It’s not about finding good deals, it’s about making good deals.” (Tweet This!)

“You’ve got to squeeze the lemon and make something out of it.” (Tweet This!)

Connect with Matt

Matt’s BiggerPockets Profile

Matt’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a real estate business can be one of the best ways to achieve financial freedom. The problem for most, however, is money: There simply isn’t enough in your hands to get all the deals you want. That’s why today’s show might be the most impactful podcast episode you’ve ever heard. In today’s interview with Matt Faircloth, author of the new book Raising Private Capital, shares the steps needed to begin raising money from others to fund your real estate deals. You’ll discover the different types of private capital (and how to approach each), how Matt and his wife were able to grow from 30 units to over 300 (!) using other people’s money, and why talking about metrics to a private lender might not be a great idea at first. If you want to 10x your real estate portfolio or build your empire faster, this is one show you can’t afford to miss!

In This Episode We Cover:

Who Matt Faircloth is
How they’ve reached 380 units to date
Tips for building wealth by investing in business
What you should know about opportunity cost

Finding deals versus making good deals

How to raise private money

Tips for starting a business with friends and family

A role-play call with David
The number one question potential cash providers ask
Why you should start with debt

A new way to look at debt
When the SEC gets involved
About his book

And SO much more!

Links from the Show

BiggerPockets Forums
Brandon’s Instagram
David’s Instagram
BiggerPockets Instagram
BiggerPockets Store
BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth
BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth
BiggerPockets Webinar
BNI
BiggerPockets Pro Replay
BiggerPockets Hard Money Lenders

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki

Rich Dad’s Cashflow Quadrant by Robert Kiyosaki

Raising Private Capital by Matt Faircloth

Lifeonaire by by Steve Cook & Shaun McCloskey

Fire Round Questions

What kind of rates are investors getting from private lenders? What’s the holding period?
Is there a serious, reliable source for PM lenders available?
Would a loan from friends and family be considered private money?
If you do pay for your coach, how does the fee work
Whats up with the investors/mentors?
Do I need a basic contract to use when raising private money, even from people I know and trust, even for family?
Are there specific rules around raising the 20% down payment that most banks require?

Tweetable Topics:

“When it comes to raising money, you got to establish trust first.” (Tweet This!)
“People should start with debt.” (Tweet This!)
“It’s not about finding good deals, it’s about making good deals.” (Tweet This!)
“You’ve got to squeeze the lemon and make something out of it.” (Tweet This!)

Connect with Matt

Matt’s BiggerPockets Profile
Matt’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices