Houston-based real estate investor and Lifestyles member Brant Phillips takes us on a tour of his 28th property out of 30. It’s a bread-and-butter home that he bought WAY below market with no money out of his pocket!
This video was shot mid-rehab, but at the end of the day, he will profit $33,000 and cashflow $330 per month.
Remember, he did this in the midst of the so-called “down market.”
Brant is a huge advocate of getting out there and taking action. He said that he was inspired to do so himself by listening to Steve Davis and Del Walmsley on the radio as he drove around on his sales job.
He called mentors Jeff Smith and Natalie Pilkinton for advice in the Houston Lifestyles office.
Brant is a huge inspiration for the rest of us!
{ 7 comments… read them below or add one }
Good Job Brant! I closed on #12 myself today and your video is inspiration to get to #20.
Fantastic job!
You don’t have to be special, lucky, or know someone to get into RE. You just have to have a dream and a desire to want to do it
Great work!
Fantastic!
How does a PIG in DFW get started? My gut’s telling me that the $0 down is linked to real estate holdings. If there’s a way to replicate that success without an existing portfolio for collateral, I’d love to learn more.
SO far, High FICO and low debt have warmed no lenders to my RE investor zeal.
I originally was purchasing with $0 down a couple of years ago when financing was, of course, much easier…however, as seen in the video, I still get 100% financing with some of my private lending partnerships. This is not only a great way to finance properties for myself, but my private money lenders are also very pleased with the returns they are receiving off the loans. Also, there are other creative ways to get $0 down such as: owner finance, subject to and others, so keep pushing until you get the results you are seeking…
How do you pay back your private investors? I would assume they would want all of the cash flow for that amount of a loan. Just curious.
We pay simple interest, generally 7-12% monthly with a 2-5 year balloon…this is a very safe and secure place for people to invest their money…Our private money lenders really enjoy the safety of our deals b/c their is generally a large amount of equity and cash-flow, so they feel secure placing their monies in these type of homes…see our website for some more information: http://www.HoustonCapitalGroup.com
Dig the blog.