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All Forum Posts by: Brent Fowler

Brent Fowler has started 2 posts and replied 7 times.

Post: Question For Those Who Scaled

Brent FowlerPosted
  • New to Real Estate
  • Houston
  • Posts 7
  • Votes 1
Quote from @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.


Not sure what you mean. Are you suggesting not to leverage bank financing at all?

Post: Question For Those Who Scaled

Brent FowlerPosted
  • New to Real Estate
  • Houston
  • Posts 7
  • Votes 1
Quote from @Joe Villeneuve:

Define "self fund".

All cost associated with the project are funded by myself. The projects are financed with a HML who takes 1st position at 70% LTV but I still fund the capital need to complete each project.

Post: Question For Those Who Scaled

Brent FowlerPosted
  • New to Real Estate
  • Houston
  • Posts 7
  • Votes 1

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?

Post: New Houston TX Investor/Agent

Brent FowlerPosted
  • New to Real Estate
  • Houston
  • Posts 7
  • Votes 1

Thanks Joseph. I aspire to be in your position in the future. Would love to connect with you to learn and add value in which ever way I can! Look forward to speaking with you soon.

Thanks,

Brent 

Post: Houston Multifamily & More Live Meetup

Brent FowlerPosted
  • New to Real Estate
  • Houston
  • Posts 7
  • Votes 1

Hi Brian!

I’m in the beginner stages of educating myself on Multifamily property’s as that’s what type of investing I will get into. Is your event open to newbies like myself or more so for Experienced investors? 

Thanks,

Brent



Post: Hi Everyone! Excited to Start My Journey

Brent FowlerPosted
  • New to Real Estate
  • Houston
  • Posts 7
  • Votes 1

Hows it going Nathan. Im 24 and based in Houston as well. Multifamily property's are definitely what I'm looking to specialize in as of now I'm working on getting my RE license to learn more about the industry. Would love to connect with you sometime in the future. Welcome!

Post: New Houston TX Investor/Agent

Brent FowlerPosted
  • New to Real Estate
  • Houston
  • Posts 7
  • Votes 1

Hi Everyone!

Im currently in the process of getting my license in RE, I'm 24 years old with not too many Real Estate relationships or connections. The #1 thing i keep hearing to be successful in this industry is to cultivate and maintain great relationships. So I'm looking to see if anyone in the BP community knows any local Networking events so that i can get a head start on developing these relationships.

Thank you,

Brent Fowler