BiggerPockets Real Estate Podcast Change Your Financial Future with ONE Real Estate Deal
12 snips
Jun 25, 2025 Matt Faircloth, a seasoned investor and author specializing in raising private capital, joins Garrett Brown, a short-term rental expert and YouTube host. They dive into how just one real estate deal can leapfrog you to financial freedom. Garrett recounts an easy strategy that netted him $50,000 tax-free. Matt shares how he scaled his portfolio rapidly without using his own cash. The conversation also touches on the transformative power of strategic deals, and personal stories illustrate the life-changing potential of real estate investments.
AI Snips
Chapters
Books
Transcript
Episode notes
Guarrett's Life-Changing Live-In Flip
- Garrett Brown's pivotal deal was a live-in flip in Houston, Texas, that he bought with only 5% down using an owner-occupied loan.
- He lived in the townhouse, renovated it gradually, and sold it for a record price, making tax-free profit by living in it more than two years.
Leverage Primary Residence Tax Benefits
- Use the tax exemption on primary residence sales to keep up to $250K (single) or $500K (married) profit tax-free.
- Live in your flip for at least two years to maximize tax benefits and then roll proceeds into your next deal.
Matt's Deal That Used Investor Capital
- Matt Faircloth raised $50K from an investor's friend and used private lending from an IRA to buy two townhomes for $25K each in Trenton, NJ.
- He renovated, leased them, refinanced to pay back investors, and scaled his portfolio using other people's money.
