162: The Fundamentals Of Raising Private Capital Money

Multifamily Legacy Podcast

Sooner or later, we all run out of our own money to invest in real estate deals. We are out there looking at different investment opportunities and finding a gem. This is why having the ability to raise private money for real estate investments is one of the most important skills you can develop as a real estate investor. But the problem is, talking to people about money can be awkward and uncomfortable, and our guest today will help us learn the ropes in raising private capital money.

Matt Faircloth has been a full-time investor for 15 years. At that time, he has successfully completed projects involving dozens of fix and flips, office buildings, single-family homes, and apartment buildings. He has now completed over $60,000,000 in real estate transactions and controls over 1150 units in multi-family.

He is a regular contributor and podcast guest on Bigger Pockets.com, has an active YouTube channel dedicated to educating investors, and the author of the Amazon Best Seller, Raising Private Capital, how to Build your Real Estate Empire with Other People's Money.

To learn more on the basics of raising your first private capital money, listen to this epic podcast.

Topics on Today’s Episode:

• Matt’s background and how he became a real estate investor
• The influence of Matt’s book
• Why continuous learning is important
• Other ways to achieve wealth
• The importance of sticking to a plan
• How to raise private capital?
• The importance of avoiding real estate jargons
• How COVID-19 surprised everyone in the real estate industry
• Matt’s success story even during COVID
• How cash management works
• Matt’s nitty-gritty dirt story
• Advice to anyone new in the business

Join us for our Virtual Apartments to Millions Summit. Text “A2M” to 480-500-1127

Books mentioned:

• Rich Dad, Poor Dad - Robert Kiyosaki
• Raising Private Capital - Matt Faircloth
• Can’t Hurt Me - David Goggins
• Blinkist app

Quotes:

• “Not all money is the same” - Matt Faircloth
• “Dragon lady was real” - Corey Peterson
• “I always put money way above me” - Corey Peterson

Don’t forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single-family.