1st House 7 yrs. ago. Bought and Sold over 100 last 4 years.

[Chris Randall]

I think I started out like everyone thinking I'm just going to flip houses...

I ended up creating a management company where I find, buy, fix and rent multifamily houses. Then sell to investors all over the world who only need to cash the checks I send every month. Some of which I've never met or even spoke to on the phone like my investors in China.

This has worked out well for everyone, especially new investors since I take out the risk as my rentals already have renters in them. All the expenses are known and there are no surprises which is what makes most new investors quit.

What's really a win-win for both myself and my partners is the fact that we both make money. And what my investors love is how I'm motivated to keep these properties rented because I have a vested interest (money) in making sure they have renters because I charge a 10% management fee. If they are not rented out I'm not making money either.

At the most I've managed around 220 properties. At the time of this writing I'm at about 150 because I just had a lot of sales and another managment company took over a lot of them.

I'm in negotiations with a large investor to buy a large bundle of them this week.

At any given time I have 10 in my own portfolio that I am fixing and reselling weekly (not myself mind you, I have a great team of contractors I use).

When I say fix, I do not mean fixer uppers. I only buy homes I need to invest only a few hundred or a thousand dollars at the most to get into rentable condition.

If the home can't be rented out within 30 days (in my opinion) I won't even put in an offer.

One thing that I learned that has really helped me is... buying duplexes. This way if I lose a tennant I'm still collecting rent from one side while I'm working on finding a new renter for the vacant side.

The thing that really turned it around for me (after losing a lot of money buying BS real estate investing crap) was the investing school I became a part of. Not only did I learn the strategies I needed but the connections have made all the difference in the world. In fact, most of my investors/partners were found through this school.

Now, I'm ready to connect and work with new investors, and is the reason I'm joining forums Like Bigger Pockets. Please let me know what other forums and sites you have had success with finding like minded individuals like yourself. I know it's hard to find good places to meet new people because of all the scammers and spammers out there.

I'm very excited to be a part of this group as it's obvious they do a great job vetting members here.

I'm starting a promotion today where I'm giving away my Porsche to the 16th investor who buys a property from me. What do you think, is this a good idea? And where would you recommend that I advertise this promo?

Thanks for listening to my story. I'm a new member here but it looks like this forum is popular and I hope to make many new business partnerships and friends here...