Question For Those Who Scaled

[Brent Fowler]

Hi, im a 28 yr old Real Estate Developer. I started out 4 years ago wholesaling and stair stepped my way into New Construction. Now the predicament I find myself in is leaving too many good deals on the board due to liquidity constraints. Did roughly $560k last year and projecting to do around the same this year but I self fund all of my projects. For those who have overcome this challenge how did you do it?

[Joe Villeneuve]

IF you're using an HML, then that's not self funding. The self funding is the 30% to complete the project.

I would never suggest using are HML after the first or second project. You shouldn't need it, and all it does is cost you money you don't need to spend.

Self funding, which is how I did it, is just rolling your profits forward.