E16: From a House Hack to $150 Million by Transforming Lives Through Real Estate w/ DeRosa Group CEO & BiggerPockets Contributor Matt Faircloth

We have DeRosa Group CEO & BiggerPockets Contributor Matt Faircloth on the show!  Real estate is a powerful vehicle for transformation. It can provide stability and security that a family needs to get ahead, and it also creates opportunities for entrepreneurs to build wealth. When we invest in real estate, we’re not just helping ourselves—we’re helping to make neighborhoods better places to live.

That is the mission statement that defines this episode. In this episode, Matt Faircloth shares his journey and tips on how to transform lives through real estate.

Here are some power takeaways from today’s conversation:

• Scale smartly.
• Work hard to get your brand out.
• Always be ready to pivot.
• Be patient and creative when investing.
• Adopt a positive mindset.

Episode Highlights:

[08:46] How to Scale Smartly

Investing a large amount of money is a behemoth to manage. You have to work your way into it. Start small and do deals with your own money. Double your portfolio every time you do a deal.

[20:37] Investing with DeRosa

Some reminders for people who want to invest with the DeRosa Group include a.) Be patient. It takes time to build cash flow. b.) They invest in specific markets so you have to be okay with their markets because they have assets and operations in place already. c.) Believe in transforming lives through real estate.

[24:20] The Current Real Estate Market

The real estate market is slowly but surely coming back to a level of reasonability. But it does not change overnight. You must be patient and creative. Look at other asset classes besides housing. Find deals that make cash flow on the first day.

[32:26] Create a Positive Mindset

Your thoughts and words create your life. So try to think and speak optimistically. Things work out when you think and speak positively about things. Focus on what you want and fight for what you believe in.

Notable Quotes:

[10:36] “Put your ego down and just double your portfolio every time you do a deal.”

[29:27] “Find deals that make cash flow day one.”

[32:39] “My thoughts and words create my life.”

Resources Mentioned:

BiggerPockets

Raising Private Capital: Build Your Real Estate Empire Using Other People's Money by Matt Faircloth

Rich Dad Poor Dad by Robert Kiyosaki

Conversations with God by Neale Donald Walsch

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