Putting money to work in real estate positions you to make more money. Matt Faircloth teaches us how to syndicate deals by playing the cash flow game. He shares how they started from single-family to doing smaller multifamily until they have already started syndicating apartment buildings. He also explains the real estate, investing, and fundraising terminologies he used so listeners can understand him better.
Matt also explains the 1% and 2% rules for buying a rental property, the challenges of raising capital, how to raise capital for the first time, and how to further improve your capital-raising skills. Tune in now and hear about the book Matt has authored and get ready to transform your life through real estate!
Key Points from This Episode:
- Matt shares his backstory.
- Matt discusses the cash flow game and how he transitioned that to syndicate.
- What exactly are REIAs (Real Estate Investment Association)?
- How did the book ‘Raising Private Capital’ come to fruition and how many books were sold?
- Matt speaks on how he made the large scaling happen for his business over the last 10 years.
- Matt discusses their company’s vision of transforming lives through real estate.
- The number of deals Matt has already done as far as money-wise.
- The people that Matt has helped through his business.
- The two books Matt has written and how did he divide them.
- Capital Provider vs. Deal Capital Provider.
- Matt teaches how to raise capital, especially for first-timers.
Tweetables:
“The 1% rule is now more of a standard and it's if the property performance is in the 1% rule, you get a pretty good chance that it's going to make at least some money for cash flow, and it's worth investigating further. So that's what the 1% rule 2% rule is.” – Matt Faircloth
“I realize that without the operator, without the deal, and the know-how and the knowledge and the blood, sweat, and tears of the operators putting in, the money would have nowhere to go.” – Matt Faircloth
“At the end of the day, it's hiring a bookkeeper. Super simple, but I shouldn't keep my own books. And it allowed me to expand into what can I give away, and the more stuff I give away and allow myself to focus on my core, the more successful we become as a company.” – Matt Faircloth
“You should build your business to the point where you're willing to go to your own mama and ask your own mama to put money in your company. If you're not comfortable enough in the business systems that family members and loved ones can give you their money and you can feel assured that your family members and loved ones have money with you.” – Matt Faircloth
Links Mentioned
About Matt Faircloth
Matt Faircloth has been a full-time investor since 2005. In that time, he has successfully completed projects involving dozens of fixes and flips, office buildings, single-family homes, and apartment buildings. He controls thousands of units in multifamily in partnership with tens of millions of passive investor equity. He is a regular contributor and podcast guest on Bigger Pockets.com, has an active YouTube Channel dedicated to educating investors, and is the author of the Amazon Best Seller, Raising Private Capital, how to Build your Real Estate Empire with Other People's Money.