How to Build Wealth in Real Estate When You Have a Family (& Can’t Afford to Take Risks)

How to Build Wealth in Real Estate When You Have a Family (& Can’t Afford to Take Risks)

1 min read
Matt Faircloth

Matt Faircloth, co-founder and president of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, N.J., is a developer and owner of commercial and residential property with a mission to “transform lives through real estate.” DeRosa creates partnerships to finance select real estate investments and has a proven track record of providing safe, profitable investment opportunities to their clients.

Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to hundreds of units in residential and commercial assets throughout the East Coast. Under Matt’s leadership, DeRosa has completed tens of millions in real estate transactions involving private capital, including fix and flips, single family home rentals, mixed-use buildings, apartment buildings, and office buildings.

Matt is an active contributor to the BiggerPockets Blog and has been featured on the BiggerPockets Podcast three times (show #88, #203, and #289). He also regularly contributes to BiggerPockets’ Facebook Live sessions and teaches free educational webinars for the BiggerPockets Community.

Matt authored the Amazon Best Seller Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money. The book is a comprehensive roadmap for investors looking to inject more private capital into their real estate investing business and is a must-read for anyone looking to grow their business by using private lenders and equity investors. Kirkus, the No. 1 trade review publication for books, had this to say about Raising Private Capital: “In this impressively accessible introduction to a complex subject, Faircloth covers every aspect of private funding, presuming little knowledge on the part of the reader.”

Matt and his wife Liz live in New Hope, Penn., with their two children.

Matt earned a B.S. in Industrial and Systems Engineering with a minor in Business from Virginia Tech. (Go, Hokies!)

DeRosa Group’s YouTube channel

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One of the BiggerPocket’s members submitted a question, and I decided to jump in and answer it. The question was, “I have two young kids and a mortgage on my residence. I’m interested in small victories, not home runs. What’s a specific, low-risk path I could take in real estate?”

Related: The Risk Paradox: How (& Why) Investors Fail to Gauge Investment Risk Correctly

How to Use Low-Risks Paths to Build Wealth

This question really got my wheels turning. I started thinking about how someone with obligations like a family and a job could get into this game and build their wealth without taking major risks like quitting their job or putting their family or long-term goals in jeopardy. In today’s video, I discuss low-risk paths to building your wealth and becoming rich in the long run.

As always if you enjoyed this video, please leave a comment, or want to jump in and get into a discussion on passive investments!

Have a great week!