

JF 3967: Navigating Market Cycles, Raising Capital, and Real Estate Diversification ft. Fuquan Bilal
16 snips Jul 15, 2025
Fuquan Bilal, CEO of NNG Capital Fund, has an impressive 26-year background in real estate, ranging from fix-and-flips to luxury homes. He shares his harrowing journey through the 2008 financial crisis and how it shaped his investment strategies. Fuquan highlights the importance of diversification, effective cash flow management, and building long-term investor relationships. He also discusses innovative approaches to real estate development and the need for flexibility in adapting to market cycles and challenges.
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Early Fix-and-Flip Journey
- Fuquan Bilal started in real estate through fix-and-flips, earning $30K-$40K per transaction at a young age. - He experienced ups and downs including surviving the 2008 financial crisis and transitioning to note investing.
Surviving and Owning Up in 2008
- During the 2008 crisis, Fuquan managed $10M in single-family properties using hard money and private lenders. - He chose to communicate openly with investors and repay them despite severe losses and market chaos.
Deal Failures and Landlord Lessons
- During the crisis, many deals fell apart at closing resulting in fire sales to make investors whole. - Fuquan was forced into becoming a hands-on landlord collecting rent the old-fashioned way.