Ep #35: The path to building a strong multi-million dollar rental portfolio – with Matt Faircloth

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 2 September 2014

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, we cover a wide range of really important topics with real estate investor Matt Faircloth, including his first real estate investment, raising capital for deals, dealing with tenants, moving up to larger multi-family and commercial properties, and a lot more.

Matt has invested in the Central NJ and Philadelphia markets for several years now, doing both single tenant and multi-family rentals as well as fix and flips, so he has a ton of insight for both those just getting started and for those with a lot of experience already.

This show has so much good information and helpful tips for any real estate investor.

In this interview with Matt you’re going to learn:

The steps Matt took to buy his first investment property and how that first transaction helped built the foundation of his current success
How he adds huge value in smaller multi-unit properties
How he determines where the path of progress is going in a certain area and how he uses this info to make strategic acquisitions
The steps he took to educate himself in the business and ultimately become the sophisticated investor he is today
How we was able to successfully land a great deal on a property by calling for rent ads and asking the owner if he’s interested in selling
How raising private money from investors has allowed them to scale their business and buy bigger deals
Why it’s so vitally important to surround yourself with people smarter than yourself who can act as mentors or business advisors
And much more…

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.9	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey guys, Kevin Bup here with episode number 35 of the Real Estate Investing for Cashflow podcast,
0:36.7	where mission is to help you build and maintain
0:38.6	massive amounts of cash flow through income producing real estate investments.
0:42.9	Our guest of honor for this week's show is Matt Faircloth from the DeRosa Group, which
0:47.4	is a real estate investment firm specializing in value-add multifamily properties in and around
0:52.3	central New Jersey and Philadelphia markets.
0:55.2	Matt got started in this business back in 2012, investing in single-family homes, but quickly
1:00.2	realized the opportunity in buying multifamily units and now operates a portfolio of 115 rental
1:06.4	units, which consists of single-family homes, as well as many different smaller multi-unit properties.
1:12.7	You know, the cool thing about Matt and, you know, the immediate reason why I felt a bond with
1:17.2	him when we chatted the first time is that he is a family man first and a businessman second,
1:22.6	which if you've been listening to my show, you know it's how I live my life.
1:26.6	I absolutely love spending time with my family and my family comes first show, you know it's how I live my life. I absolutely love spending time
1:27.9	with my family and my family comes first. And, you know, really at the end of the day, family
1:33.0	is everything and success really doesn't matter if you don't have anyone to share the fruits
1:37.5	of your labor with. So Matt and I bonded immediately. He's got a young family. He's been married
1:42.6	for, I guess, probably nine or ten years now, and
	...

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