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.
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ANECDOTE

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.
ADVICE

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.
ANECDOTE

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.
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