The Real Estate Way to Wealth and Freedom Podcast
Matt Faircloth is the President and Co-founder of The DeRosa Group which is a developer and owner of commercial and residential property with a mission to “transform lives through real estate.” Matt got started investing in Real Estate 12 years ago, with a $30,000 loan as seed capital. Since then he has grown from nothing to a 6 person company controlling over 150 units of residential and commercial properties throughout New Jersey and Pennsylvania. DeRosa who is based in Trenton, NJ has completed over 15 million in real estate transactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, and tax lien investments.
You Owe it to Yourself to Be Successful
Achieving a high level of success that requires you to push yourself to new boundaries can be hard.
Do you know what else is hard? Never striving for success and one day wondering “what if”.
As Grant Cardone says, “Success is your duty”!
The Biggest Step: Going From 0 to 1. Today’s episode is for that person who has been wrestling with doing their first deal. While that might not be you, I’m sure you know of someone who fits this bill.
Let’s look at a realistic example of how you can make 500 per month while living for free.
Our example property is a $330,000 fourplex. You’re going to live in one unit and rent out the other three units.
Each unit rents for $1,100 per month, for a total of $3,300 in rents.
How to Find Deals We’re going to look at different resources for finding deals. When discussing how to find deals, we categorize the deals by how they are listed: either off-market or on-market. On market deals mean the deal has been listed with a real estate agent or broker. The real estate agent or broker…
Jason Morris is a real estate investor and agent in South Carolina. Jason has been involved in real estate in many aspects, from buy and hold investing, condo conversions, flips, and tax liens. Jason is also a full time real estate agent, who specializes in working with investors. Jason is the author of 53 Strategies To…
Let’s start by defining lifestyle engineering. Lifestyle engineering is a term that has been coined by people in different contexts. Lifestyle Engineering is the act of intentionally designing and building a life you want to live. That could be working for an employer and retiring by age 30 so that you can travel the world is a sail boat. Lifestyle Engineering could be building enough passive income through real estate and agricultural income producing land, which exceeds your living expenses, therefore allowing you to retire. Essentially Lifestyle Engineering is the approach to your freedom.
Freedom is an empowering emotion. Think how it feels when you know you don’t have to do something, but can do it only if you want to. Most people call this a hobby. If it’s not a hobby, they do it out of love. Let’s look at an example of this – one most can relate to. Everyone has to work to some extent. Most people “go to work”, meaning they drive to an office and work an 8 hour day for a company. Most people don’t feel inspired or fulfilled by doing this, because they have to do it. They have to keep that job in order to pay for their lifestyle – their housing, vehicle, food, insurance, etc. If they didn’t have that job, they couldn’t afford those things they have. The fact that this person has to continue to work makes them resentful towards it. Now imagine if you didn’t have to work, but chose to do so. How would you feel if you were working, only because you enjoyed it? You enjoyed the people, the company, the service or product you provide. You wouldn’t be stressed about raises, company politics, vacation, etc. Why? Because you’re choosing to be here because you like it. How do the latter of these scenarios sound to you?
I know you’re thinking something along the lines of “Sure Jacob, it would be nice to not have to work, but I’m not there yet.” That’s completely normal. In fact, that’s the whole premise of this podcast is to help you get to that point, and beyond!
People in this life aren’t given enough credit. Most people are great people. In fact, I don’t think I’ve ever met a person who isn’t a good person in their own way. Think of how many talented people you know, who aren’t pursuing their true passion, or their calling in this life. We all know that one person who is insanely talented at something other than what they’re doing. Think what the world would be like if it were full of people pursuing their passions! We would have ultra-successful companies creating products and services for people who are just as passionate as them. We would have people who are innovating, creating, teaching, and learning, what it is they want to. If everyone had the freedom to do this, the world would be a different place. It all starts with you. You can be that difference. You first have to be able to chase that passion.
That’s the mission of The Real Estate Way to Wealth and Freedom – to help people achieve financial freedom so they can build a life they want to live.
You can do whatever it is in this world you want, at any age. All you have to do is make it happen. Engineer your lifestyle so that you can do what it is in this life you want!
Andrew Campbell is an Austin, Texas native and the Managing Partner of Wildhorn Capital.
Andrew started four years ago, when he and his brother, Mark, bought their first investment property. That initial purchase totally changed the trajectory of their lives, going from hard charging corporate ladder climbers, to real estate entrepreneurs investing in apartment buildings full time.
Using the principals outlined in this episode, Andrew and Mark where able to go from 0 to 72 units within 4 years, with small multifamily properties ranging from duplexes to fourplexes.
Andrew’s background is in Market Research & Brand Strategy, spending time in both advertising agencies and emerging technology consultancies, where he was most recently a Partner at an award winning app developer. He has a BS in Advertising from The University of Texas at Austin and an MBA from Baylor University.
Investing for cash flow
Forcing appreciation in multifamily properties
Third party management
Being successful with the right team and partner
Demographics of markets
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Taking the first leap! With family hardships, Andrew knew he had to get started building passive income.
Do you have a personal habit that contributes to your success.
Constantly reading and learning. Andrew listens to a lot of books through Audible. Andrew often reflects on how grateful he is for the flexibility of this lifestyle he has built for himself and his family.
Do you have an online resource that you find valuable? BiggerPockets and other podcasts
What book would you recommend to the listeners and why?
Tribe by Sebastion Junger
Cashflow Quadrant by Robert Kiyosaki
Rich Dad Poor Dad by Robert Kiyosaki
If you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
Get started as soon as possible!
“We cannot become what we need by remaining what we are.” ― John C. Maxwell
Throughout life, you’re faced with countless decisions every day. Some are minor, and others are much more impactful on your life. Decisions range from hitting the snooze on you alarm clock, what to eat for lunch, when to go to sleep, what to wear, to consciously setting aside time to plan your day, think about your next step in your career, make plans to take on a new challenge.
All of these decisions have an impact on your life, but some are much more important than others. Yes, if you choose the bacon over oatmeal, I’m sure you’ll have some spikes in your cholesterol. Now what about those decisions that can have a domino effect in your life? Those are the decisions I want to talk about today – decisions which will improve yourself from the day before.
Throughout this life, you will grow as your experience new things, and make certain decisions that impact your life. It’s up to you to map out that growth by focusing on those decisions that have an impact on your tomorrow.
It’s hard to think about the task ahead when looking at where you eventually want to be. But if you focus on continuously improving each day, then you’ll make that huge gap from where you are now, to where you want to be seem much more achievable each and every day.
No one was born with the knowledge, experience, skill, passion, or whatever is they have today. People accrue these things by continuously working towards them.
Think about yourself. You weren’t born with what you know today. You didn’t even know last year what you know today. Think about that trajectory in the next 1 year, 5 years, and even 50 years. Imagine what your life will look like if you just continue to improve every day.
I know you’re already focusing on improving and learning every day because you’re taking the action to listen to this podcast, and that’s great!
I encourage you to continuously better yourself. Never quit learning. Take on new challenges that will force you to grow. Focus on being better today, than you were yesterday, and one day you’ll look back and thank yourself.
"This podcast offers a great perspective for people who are just getting started in real estate investing. I HIGHLY recommend it!"
- Nathan B.
"Don't pass this podcast up! I was unsure about adding another podcast to my library, but this one has proven to be invaluable in my investing journey!"
- Ernest D.
La Porte, Texas
"I've tried my hand at stocks, and let's just say it didn't go as well as I planned. This podcast has helped me realize the multiple benefits of real estate investing. I just wish I would have started sooner!"
- Jonathan C.