Wouldn’t it be nice to have access to as much capital as you need for your real estate goals? It’s possible. You just have to know how to use OPM (Other People’s Money).
I first learned about real estate investing on my own show, the Real Wealth Show, almost 15 years ago now. I was desperate to understand the concept of wealth building – and particularly investing for passive income – because I wanted to remain a stay at home mom.
I was lucky enough to find a sponsor for the Real Wealth Show who was a mortgage broker – and just happened to be an expert in wealth building through real estate. It was a great partnership.
He taught me the power of bank financing – which is the best OPM you can get because it’s usually the cheapest with the longest amount of time to pay back. However, eventually, one can run out of credit with banks. And when I did, that’s when a colleague of mine said famously, “Ah, now you are a real estate investor. You have to rely on OPM to get the deals done.”
Even the biggest and wealthiest of investors don’t use their own money. Look at Donald Trump, who is famous for using OPM. So how do you do it?
On today’s show, we literally have the guy who wrote the book on this topic! Matt Faircloth is the author of “Raising Private Capital – Building Your Real Estate Empire Using Other People’s Money.”