November 4, 2024 • 5 mins
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
What's going on? My name is Gabe Bowling,
(00:01):
and welcome back to another video.
In today's video, we're gonna dive deep
on exactly how our real estate company,
Bowling Capital, got up to $45 million of assets
under management, a little bit over 300 units,
over the last 24 months, and yes, at the age of 26.
Yes, I know it sounds insane, just let me explain.
I'm gonna give you some context around
(00:22):
where we've been at over the last six years.
I think it'll make a lot more sense on the back end.
So with that being said, let's go ahead, let's jump right in.
So Bowling Capital is a very small, private equity company.
Our job is to go out and allocate capital
to the best returns with the least amount of risk,
and right now we're doing that
within multifamily real estate.
We're the active partner that goes out, we find the deal,
(00:43):
we're underwriting hundreds of deals to land on one,
we'll pool money together from our investors,
we buy big apartment buildings,
and then we split the profits 80-20.
So 80% of the profits goes to the investors,
20% of the profits comes back to the general partners
for doing all the work and making it a completely passive
investment for the investors.
(01:04):
That's the baseline of what Bowling Capital is.
It's well known in the private equity space
as a real estate syndication.
And so that's where we're at today.
That is not where I started.
So let's rewind the clock six years ago
when I was 20 years old just getting started in the business.
My first job when I was 20 years old
was working at a commercial real estate firm
called Marcus and Milichap.
(01:25):
I worked there for free for an entire year,
just getting around the right people
and getting exposed to the business
because at that point I had no value,
like I couldn't provide any value to anybody,
I just, I could work for free.
And so I took that and I leveraged it
into an opportunity working there
and doing all the grunt work that nobody ever wanted to do.
And so at the time, my now wife, then girlfriend,
(01:46):
sent me this post on Instagram from Grant Cardone.
At the time, I didn't follow him.
I thought he was annoying actually.
I ended up having just enough experience
working at Marcus and Milichap
and I think it was great timing
where they were hiring for
Investor Relations Associates down there,
working for billionaire Grant Cardone
and his real estate team Cardone Capital.
I worked there from 2019 to 2022.
(02:08):
We were there for about three years.
I ended up raising $100 million.
That's crazy, $100 million from retail investors
for the deals that he would go out and buy.
That's when I took the time,
I dove all the way into the trenches
and I just got really good at one thing,
being able to communicate with investors
and understand what they wanted from a return perspective
(02:31):
and then the real estate piece of it as well.
And so just being around the right people,
again, hopefully you're seeing a trend,
being around the right people,
doing exactly what I wanted to do,
helped compress a lot of the time
that it would take if you're trying to go out
and do it alone.
So that opportunity was incredible for me.
I ended up leaving on February 1st of 2022.
The email for the first deal that I ever did,
(02:53):
it was a 55 unit deal on Daytona Beach.
We paid $8.2 million for it.
I ended up raising $1 million for my first deal ever
at the age of 24 after leaving grants office.
That email came in four days after I left
and it came in from Ned Roberts.
I was in the same office when I first started
at Marcus and Milochat prior to working there.
(03:15):
So I thought that was really cool.
And since then, over the last two years,
my wife and I founded a real estate community
called the Deal Room Community.
We have over 250 investors in an incredible experience
meeting some of the best operators
and seeing the best deal flow across the country,
which led to me doing my second deal,
which is a 152 unit portfolio.
It was a seller finance portfolio, sick deal,
(03:37):
ridiculous returns.
And I partnered with the Deal Room Community member
named Bryant Dawson.
If you don't know who Bryant is,
he's flipped over 1,900 homes in the last 14 years
and he worked for Chevron managing billion dollar projects.
The guy is a beast, the guy is a player out in the Midwest.
If you're out in the Midwest, you know who Bryant is.
And that leads up to the last deal
(03:57):
that we literally closed this week on Tuesday,
which is called the Levi.
This is a brand freaking new 2023 multifamily deal.
It's 102 units.
It was finished in March of 2023
and the asset is phenomenal.
We couldn't be more happier with the cost basis
that we entered out, with the story,
the way that we bought it from the developer.
(04:18):
Like the entire thing is just incredible.
And I think if we zoom out five years from now,
from whenever this video is being played,
I am certain that we are gonna crush it on this deal
and I couldn't be more excited.
Those are the three deals that we've done
since leaving Grant's office in the last 24 months.
And collectively between all three of them,
(04:39):
it's about $44 million of assets under management
and 309 units in totality.
Right now inside the Deal Room, everything feeds together.
The best deal flow with the best types of partners
and the best types of investors.
I can't wait to take you guys along the way
and document and show the entire process.
Guys, I promise you, I came up from the middle class.
(05:00):
I am not special by any means.
I barely have a degree.
It sounds better if I just say I dropped out.
But I can figure it out.
You can figure it out too
and create a ridiculous life for yourself, your family,
and your family's family's family family
because this game is generational.
So guys, I'm committed to bringing the best,
hands down the best multi-family education for free,
(05:22):
but I need your help to get the word out
and I will see you in the next video.
What's going on? My name is Gabe Bowling,
(00:01):
and welcome back to another video.
In today's video, we're gonna dive deep
on exactly how our real estate company,
Bowling Capital, got up to $45 million of assets
under management, a little bit over 300 units,
over the last 24 months, and yes, at the age of 26.
Yes, I know it sounds insane, just let me explain.
I'm gonna give you some context around
(00:22):
where we've been at over the last six years.
I think it'll make a lot more sense on the back end.
So with that being said, let's go ahead, let's jump right in.
So Bowling Capital is a very small, private equity company.
Our job is to go out and allocate capital
to the best returns with the least amount of risk,
and right now we're doing that
within multifamily real estate.
We're the active partner that goes out, we find the deal,
(00:43):
we're underwriting hundreds of deals to land on one,
we'll pool money together from our investors,
we buy big apartment buildings,
and then we split the profits 80-20.
So 80% of the profits goes to the investors,
20% of the profits comes back to the general partners
for doing all the work and making it a completely passive
investment for the investors.
(01:04):
That's the baseline of what Bowling Capital is.
It's well known in the private equity space
as a real estate syndication.
And so that's where we're at today.
That is not where I started.
So let's rewind the clock six years ago
when I was 20 years old just getting started in the business.
My first job when I was 20 years old
was working at a commercial real estate firm
called Marcus and Milichap.
(01:25):
I worked there for free for an entire year,
just getting around the right people
and getting exposed to the business
because at that point I had no value,
like I couldn't provide any value to anybody,
I just, I could work for free.
And so I took that and I leveraged it
into an opportunity working there
and doing all the grunt work that nobody ever wanted to do.
And so at the time, my now wife, then girlfriend,
(01:46):
sent me this post on Instagram from Grant Cardone.
At the time, I didn't follow him.
I thought he was annoying actually.
I ended up having just enough experience
working at Marcus and Milichap
and I think it was great timing
where they were hiring for
Investor Relations Associates down there,
working for billionaire Grant Cardone
and his real estate team Cardone Capital.
I worked there from 2019 to 2022.
(02:08):
We were there for about three years.
I ended up raising $100 million.
That's crazy, $100 million from retail investors
for the deals that he would go out and buy.
That's when I took the time,
I dove all the way into the trenches
and I just got really good at one thing,
being able to communicate with investors
and understand what they wanted from a return perspective
(02:31):
and then the real estate piece of it as well.
And so just being around the right people,
again, hopefully you're seeing a trend,
being around the right people,
doing exactly what I wanted to do,
helped compress a lot of the time
that it would take if you're trying to go out
and do it alone.
So that opportunity was incredible for me.
I ended up leaving on February 1st of 2022.
The email for the first deal that I ever did,
(02:53):
it was a 55 unit deal on Daytona Beach.
We paid $8.2 million for it.
I ended up raising $1 million for my first deal ever
at the age of 24 after leaving grants office.
That email came in four days after I left
and it came in from Ned Roberts.
I was in the same office when I first started
at Marcus and Milochat prior to working there.
(03:15):
So I thought that was really cool.
And since then, over the last two years,
my wife and I founded a real estate community
called the Deal Room Community.
We have over 250 investors in an incredible experience
meeting some of the best operators
and seeing the best deal flow across the country,
which led to me doing my second deal,
which is a 152 unit portfolio.
It was a seller finance portfolio, sick deal,
(03:37):
ridiculous returns.
And I partnered with the Deal Room Community member
named Bryant Dawson.
If you don't know who Bryant is,
he's flipped over 1,900 homes in the last 14 years
and he worked for Chevron managing billion dollar projects.
The guy is a beast, the guy is a player out in the Midwest.
If you're out in the Midwest, you know who Bryant is.
And that leads up to the last deal
(03:57):
that we literally closed this week on Tuesday,
which is called the Levi.
This is a brand freaking new 2023 multifamily deal.
It's 102 units.
It was finished in March of 2023
and the asset is phenomenal.
We couldn't be more happier with the cost basis
that we entered out, with the story,
the way that we bought it from the developer.
(04:18):
Like the entire thing is just incredible.
And I think if we zoom out five years from now,
from whenever this video is being played,
I am certain that we are gonna crush it on this deal
and I couldn't be more excited.
Those are the three deals that we've done
since leaving Grant's office in the last 24 months.
And collectively between all three of them,
(04:39):
it's about $44 million of assets under management
and 309 units in totality.
Right now inside the Deal Room, everything feeds together.
The best deal flow with the best types of partners
and the best types of investors.
I can't wait to take you guys along the way
and document and show the entire process.
Guys, I promise you, I came up from the middle class.
(05:00):
I am not special by any means.
I barely have a degree.
It sounds better if I just say I dropped out.
But I can figure it out.
You can figure it out too
and create a ridiculous life for yourself, your family,
and your family's family's family family
because this game is generational.
So guys, I'm committed to bringing the best,
hands down the best multi-family education for free,
(05:22):
but I need your help to get the word out
and I will see you in the next video.
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