{"id":62053,"date":"2014-09-18T00:05:39","date_gmt":"2014-09-18T06:05:39","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=62053"},"modified":"2023-04-12T05:45:41","modified_gmt":"2023-04-12T11:45:41","slug":"2014-09-18-spouse-financials-088","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-09-18-spouse-financials-088","title":{"rendered":"Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth\u00a0"},"content":{"rendered":"<p>Today we&#8217;re thrilled to chat\u00a0with New Jersey real estate investors <strong>Matt and Liz Faircloth<\/strong> on\u00a0<a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">The BiggerPockets Podcast<\/a>, covering everything from the challenges of working with a spouse to purchasing a 10,000 square foot office space!<\/p>\n<p>Matt and Liz have been hooked on real estate since buying their first single family home in\u00a02002. After years of self education, their fair share of learning pains and a healthy dose of hard work, the couple now\u00a0owns over 100 units and has accomplished around 15 fix and flips. Employing a team of 11, their mission statement is to &#8220;revitalize Urban America&#8221; and to &#8220;transform lives through real estate.&#8221; <strong>Pick up some great tips on building an empire from the bottom up, choosing the best kinds of financing and earning that all-important track record of success.<\/strong> It&#8217;s all here, so don&#8217;t miss out!<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp88-matt-and-liz-faircloth-podcast-transcript-spouse-investing-managing-financials-growing-team\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC8592410708&amp;light=false\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>Sponsor<\/h2>\n<p><a href=\"http:\/\/www.99designs.com\/biggerpockets\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-62085\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/09\/99designs.png\" alt=\"99designs\" width=\"205\" height=\"57\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/09\/99designs.png 346w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/09\/99designs-300x83.png 300w\" sizes=\"auto, (max-width: 205px) 100vw, 205px\" \/><\/a>We just wanted to give a shout out to our podcast guest on today&#8217;s show: 99Designs.com. 99Designs is an awesome design service that will help your business look more professional, by crowd sourcing business cards, website designs, and more (for an incredibly reasonable price!).<\/p>\n<p>Get a $99 Power Pack FREE by visiting <a href=\"https:\/\/www.99designs.com\/biggerpockets\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">99designs.com\/biggerpockets<\/a>! \u00a0So definitely check &#8217;em out!<\/p>\n<h2>Links from the Show:<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/ubg\" target=\"_blank\" rel=\"noopener noreferrer\">The Ultimate Beginner&#8217;s Guide to Real Estate Investing<\/a> from BiggerPockets<\/li>\n<li><a title=\"BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles\" href=\"\/renewsblog\/2014\/07\/03\/bp-podcast-077-negotiating-way-1000-wholetail-deals-michael-quarles\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles<\/a><\/li>\n<li><a href=\"http:\/\/quickbooks.intuit.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Quickbooks<\/a><\/li>\n<li><a href=\"http:\/\/www.jdoqocy.com\/click-8537200-12733662\" target=\"_blank\" rel=\"noopener noreferrer\">Buildium<\/a><\/li>\n<li><a href=\"http:\/\/www.appfolio.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Appfolio<\/a><\/li>\n<li><a href=\"https:\/\/bench.co\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bench.co<\/a><\/li>\n<\/ul>\n<h2>In This Show We Cover:<\/h2>\n<ul>\n<li>How Liz and Matt got their start in real estate\u00a0as an engaged couple<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-36121\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/01\/BiggerPockets-Podcast-Cover.jpg\" alt=\"BiggerPockets-Podcast-Cover\" width=\"188\" height=\"188\" title=\"\"><\/li>\n<li>The pros and cons of <strong>working with your spouse<\/strong><\/li>\n<li>How to successfully <strong>get organized<\/strong><\/li>\n<li>The importance of making a <strong>business plan<\/strong> from the get-go<\/li>\n<li>The ins and outs of <strong>bookkeeping<\/strong> in a home business (program recommendations included!)<\/li>\n<li>What you stand to gain from\u00a0a <strong>tax deferred exchange<\/strong><\/li>\n<li>The thrills &#8212; and challenges &#8212; of buying a 10,000 sq. ft. office space<\/li>\n<li>The all-important skill of flexibility (or &#8220;<strong>learning to pivot<\/strong>&#8220;)<\/li>\n<li>How to gain wealth through <strong>commercial real estate<\/strong><\/li>\n<li>The intricacies of private equity, private lending, forming LLCs &amp; LLPs (and more!)<\/li>\n<li>Proof that <strong>you CAN see 20-40% returns<\/strong> with no money down<\/li>\n<li>How to <strong>add value to a real estate investment team without putting money up<\/strong><\/li>\n<li>The definitive guide to <strong>finding great employees<\/strong> for your business<\/li>\n<li>Why <strong>modular homes<\/strong> may be your safest bet<\/li>\n<li>The worst <strong>rehabbing nightmare<\/strong> ever (involving lawsuits, water damage &#8212; and a total lack of foundation)<\/li>\n<li><strong>And so much more!<\/strong><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2a9bKtF\" target=\"_blank\" rel=\"noopener noreferrer\">The Lean Startup<\/a>\u00a0by\u00a0Eric Reis<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a9uZ9H\" target=\"_blank\" rel=\"noopener\">Rich Dad&#8217;s Cashflow\u00a0Quadrant<\/a> by\u00a0Robert Kiyosaki<\/li>\n<li><a href=\"http:\/\/amzn.to\/2alBczf\" target=\"_blank\" rel=\"noopener noreferrer\">Real Estate Riches: How to Become Rich Using Your Banker&#8217;s Money<\/a>\u00a0by\u00a0Dolf de Roos<\/li>\n<li><a href=\"http:\/\/amzn.to\/2an5sZr\" target=\"_blank\" rel=\"noopener noreferrer\">The E-Myth Revisited: Why Most Small Businesses Don&#8217;t Work and What to Do About It<\/a> by\u00a0Michael E. Gerber<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a9c8s0\" target=\"_blank\" rel=\"noopener noreferrer\">Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth<\/a> by\u00a0T. Harv Eker<\/li>\n<\/ul>\n<h2>Tweetable Topics<\/h2>\n<blockquote><p>&#8220;So if the game plan goes wrong, have a B, have a C, have a D.&#8221; (<a title=\"Tweet This!\" href=\"https:\/\/twitter.com\/home?status=%22So%20if%20the%20game%20plan%20goes%20wrong,%20have%20a%20B,%20have%20a%20C,%20have%20a%20D.%22%20-%20BP%20Podcast%2088%20@biggerpockets%20\" target=\"_blank\" rel=\"noopener\">Tweet This!<\/a>)<\/p>\n<p class=\"p1\">&#8220;Do things that you\u2019re good at and that you enjoy&#8230;bringing your real passions to a task is key.\u201d (<a href=\"https:\/\/twitter.com\/home?status=%22Do%20things%20that%20you%E2%80%99re%20good%20at%20and%20that%20you%20enjoy...bringing%20your%20real%20passions%20to%20a%20task%20is%20key.%E2%80%9D%20-%20BP%20Podcast%2088%20@biggerpockets\" target=\"_blank\" rel=\"noopener\">Tweet This!<\/a>)<\/p>\n<p class=\"p1\">\u201cSingle family home, multi family home \u2014 whatever your plan is, get really good at it.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%E2%80%9CSingle%20family%20home,%20multi%20family%20home%20%E2%80%94%20whatever%20your%20plan%20is,%20get%20really%20good%20at%20it.%22%20-%20BP%20Podcast%2088%20@biggerpockets\" target=\"_blank\" rel=\"noopener\">Tweet This!<\/a>)<\/p>\n<\/blockquote>\n<h2>Connect with\u00a0Matt &amp; Liz<\/h2>\n<ul>\n<li><a href=\"http:\/\/derosagroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Matt &amp; Liz&#8217; Company Website<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/mfaircloth\" target=\"_blank\" rel=\"noopener noreferrer\">Matt&#8217;s BiggerPockets Profile<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today we&#8217;re thrilled to chat\u00a0with New Jersey real estate investors Matt and Liz Faircloth on\u00a0The BiggerPockets Podcast, covering everything from the challenges of working with a spouse to purchasing a [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-62053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/62053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=62053"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/62053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119507"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=62053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=62053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=62053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}