Show Notes
Fuquan Bilal is the CEO of the National Note Group (NNG) Capital Fund. He is based in New Jersey and is known for rehabilitating homes in lower class areas. Fuquan shares how he got involved in real estate and how riding through the market crash made him a stronger realtor. He specializes in non-performing home loans (notes.) We discuss the differences between the various notes and how Fuquan approaches them.
http://tempofunding20.wpengine.com/wp-content/uploads/2019/05/036_-Performing-Non-Performing-and-Reperforming-Real-Estate-Notes.mp3MINUTES MARKERS
00:00 — Introduction to the Big Mike Fund Podcast.
00:22 — Welcome Fuquan Bilal.
01:23 — Who is Fuquan and how did he get into real estate?
04:01 — How the market crash affected Fuquan and his business model.
05:00 — What he likes about real estate.
06:44 — The difference between the various notes.
11:00 — The strategies Fuquan uses when he gets involved with a home loan issue.
17:36 — Fuquan’s opinion on the return on time and the tricks he has learned.
18:43 — How to leverage your vendors.
20:35 — Typical closing costs in Fuquan’s market.
21:05 — Cost-cutting strategies that help Fuquan and his team.
24:11 — Fuquan’s final thoughts.
24:18 — Fuquan’s contact information.
24:40 — Outro to the Big Mike Fund Podcast.
RESOURCES
