203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth

<p>When learning how to invest in real estate successfully, most people struggle finding four things: mentors, contractors, deals, and funding. That’s why today we’re excited to bring back Matt and Liz Faircloth onto The&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>&nbsp;to talk about how they find each of these!&nbsp;<strong>Matt and Liz</strong>&nbsp;(who were on&nbsp;<a href="https://www.biggerpockets.com/show88" target="_blank">episode 88</a>) join us today as we dive deep into solving many of the problems that new investors struggle with. They also share the difficult story of how they recently shut down a major arm of their business and why it was the best move for them. Finally, Matt and Liz delve&nbsp;into the recent purchase of their 49-unit apartment building, offering some unique tips that will help you find and fund your next big deal!</p><p>In This Episode We Cover:</p><ul><li>A recap of who&nbsp;<strong>Matt and Liz</strong>&nbsp;are</li><li>Why they purchase&nbsp;a combination of&nbsp;<strong>flips and rentals</strong></li><li>What their “<strong>why</strong>” for investing in real estate is</li><li>How many&nbsp;<strong>deals</strong>&nbsp;they&nbsp;look at</li><li>A discussion on paying someone&nbsp;<strong>by the hour vs. by the job</strong></li><li>The do’s and don’ts of&nbsp;<strong>finding partners</strong>&nbsp;through BP</li><li>How to “<strong>scale back</strong>“</li><li>How to find good, quality&nbsp;<strong>contractors</strong></li><li>Tips for dealing with&nbsp;<strong>bad</strong>&nbsp;contractors</li><li>How they got into&nbsp;<strong>rental units</strong></li><li>The details of their&nbsp;<strong>49-unit</strong>&nbsp;apartment complex</li><li>How they were able to finance a&nbsp;<strong>$3.4 million deal</strong></li><li>A tip for&nbsp;finding&nbsp;<strong>property managers</strong></li><li>Why they give away&nbsp;<strong>flat screen TVs</strong>&nbsp;each year to their tenants</li><li><strong>And SO much more!</strong></li>