"Where we come from is who we are,
but we chose every day who we become!”
- Mamaw, Hillbilly Elegy
Your story is your superpower
The Formative Years
Stacey didn’t come from wealth.
Stacey grew up in a railroad town, with a population of less than 7000, in rural Missouri. His parents Steve and
Michele, high school sweethearts, had Stacey when they were 17 years old and ultimately had three boys before they were 21. His parents divorced before he was a teenager and he grew up with a single working mom and brothers in a 2 Bedroom, 1 Bath, 800 SF home in a small town named DeSoto. The oldest of the 3
brothers and oldest of 13 grandkids, Stacey graduated from DeSoto High School and went on to get an Architectural Engineering Degree from Milwaukee School of Engineering in Milwaukee Wisconsin
The Traditional Path
Traditional wisdom has always been go to school, get a job, get married, have 2.1 kids, build a 401k to retire and enjoy life. So after college, Stacey started down that path by moving to Atlanta, Georgia in 1995 to start his career as a Project Manager. He started working for a small General Contractor, The Beck Group, while he gained experience and then joined one of the largest Commercial Builders in the country, Turner Construction, where he built stadiums, cancer and pediatrics facilities, data centers, office buildings and the most expensive hotel in the United States (at the time), the
Lodge at Sea Island. After much success and shortly after getting married, he was recruited to New York in 2005 to work for a publicly traded Full Service
Residential Development Company, WCI Communities that, developed and built luxury home communities.
The Turning Point
After a couple years in New York, he started to see the Real Estate market shift and home building starting to slow down so he made the decision to take his new found residential development knowledge and move back to Atlanta where we went to work for a Multi-Family Development firm.
While Atlanta’s market seemed unstoppable, in mid 2008 Bear Sterns collapsed which triggered a global financial crisis that affected real estate development firms, home builders, lenders and related businesses, a time that became known as “The Great Recession”. Within a year, the real estate developer Stacey was working for had nearly a billion dollars in land holdings; however, with the financial markets dried up and no banks lending money, the developer ultimately had to hand the land and projects back to the bank and ultimately close their doors. On Friday, May 8th, 2009 Stacey, like many of his peers, lost his job. The next day his wife Tricia, a stay-at home mom with their one year old Alexandra, surprised Stacey with the news that she was pregnant with their second daughter, Peyton. After 14 years of climbing the corporate ladder, it was decision time. Break away from the golden handcuffs and false “security” of a corporate career or venture out and start his own company in one of the worst economic markets of a lifetime.
The Entrepreneurial Journey
The book, Rich Dad Poor Dad, played a significant role on Stacey’s decision to start his entrepreneurial journey. Rich Dad’s Rule #1 was “Don’t work for money”. Rich Dad explains that the rich don’t work for money, they make money work for them. This means investing in assets that generate income, such as rental properties, businesses, and stocks.
In the years that followed, 2009 to 2012 was a very humbling time for Stacey. His peers questioned why he
just didn’t go back to corporate and what a mistake he was making to throw away his Engineering Degree and all the “benefits” of a corporate career. However, Stacey stayed the course and obtained his Georgia Real Estate License as well as his Georgia General Contractor’s license.
With his savings dwindling down next to almost $0, he sold two homes in July of 2012 which was the catalyst
to growing what is now Stacey Wyatt Real Estate Group that sells hundreds of homes every year in
Metropolitan Atlanta in excess of $50,000,000 in real estate ranking his group Top 50 out 25,000 Real Estate
Agents in Metro Atlanta.
As his Real Estate Sales business grew, Stacey used the cash flow from the business and started acquiring
distressed and outdated properties that he could buy, renovate and resell for profit. He bought his first
investment property in Southeast Atlanta from a wholesaler who purchased the house at a foreclosure auction.
Fast forward, two decades later and Stacey is one of the most prominent house flippers in Metropolitan Atlanta with nearly a hundred flips under his belt.
With income coming in from Real Estate Sales and Property Flips, Stacey then had to figure out how to reduce his Income Tax burden which led him to buying Rental Properties where he could take advantage of Tax Laws such as mortgage interest and property tax deductions and they grandaddy of all, Depreciation. Stacey quickly figured out that Real Estate has so many ways to not only generate wealth, but also preserve
it.
Today Stacey coaches and mentors agents and investors on building wealth and achieving financial freedom
through real estate.
"Through my journey in wealth building and real estate coaching, I am committed to giving back and paying it forward, ensuring that others have the tools and support to achieve their financial dreams"
Stacey Wyatt COO - Stacey Wyatt Real Estate Group | Modern Agent
Now he’s a 5x ICON eXp Awardee, a top 1% Metro Atlanta Agent, his team is part of the Top 50 team in the state of Georgia and has been recognized as the Best Real Estate Team of Roswell Crabapple.