Episode 20: Navigating the Covid-19 Pandemic with Matt Faircloth

Matt Faircloth has been a full-time investor for 15 years. As the CEO of Derosa Group, in that time he has successfully completed projects involving dozens of fix and flips, office buildings, single-family homes, and apartment buildings. He started with a $30,000 private loan and has now completed over $40,000,000 in transactions using private money. He is a regular contributor and podcast guest on Bigger Pockets, 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. 

Takeaways: 

• For the coronavirus, be ready for the slow down. Continuing business plan of stabilizing properties. 
• Be proactive with your tenants. Offer discounts for payments on time. 
• “It’s time to feel sorry for yourself for a little bit. But once you’ve had enough of that, then it’s time to take some action”. 
• Not the time to buy right now.
• Breakdown of Buyer’s vs. Seller’s Market

Snapshot Round: 

1. What is your number one failure? Being a quick starter; jumping in quick and then find the next thing. 
2. What is the number one thing that has contributed to your success? I’m successful because I kept trying because I didn’t decide to say screw it let me go do something else. 
3. What is one nugget of investing knowledge you want to give us? Don’t let your emotions get in. Stick to the numbers. 
4. What is your dream? Contribute to as many people as possible. Spending time with family going to travel the world. 

Contact 

1. Text DEROSA at 66866 
2. Website : https\\:derosagroup.com 

 Catch you next time on The Lessons in Real Estate Show!