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All Forum Posts by: Chris Bounds

Chris Bounds has started 81 posts and replied 448 times.

Post: Passive Wealth Club

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

𝐇𝐨𝐮𝐬𝐭𝐨𝐧 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐚𝐧𝐝 𝐀𝐜𝐜𝐫𝐞𝐝𝐢𝐭𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬

Experience an evening at Houston's prestigious private business and social club!

Highlights include:

• 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 with like-minded professionals in a relaxed 49th-floor venue featuring breathtaking skyline views.
• 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 lucrative opportunities in alternative investments.
• 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞 your wealth with proven strategies for growth and preservation.

Dress in business casual and enjoy curated refreshments.

Free underground parking is available on-site. View our website for more details.

We look forward to welcoming you to an evening of inspiration and valuable connections!

Post: Real Estate Hacking Live | Adapting For Success

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Real estate investors, join us for free food, tactical education, and great networking!

RSVP to confirm your spot!

Topics vary each month. Visit our website for more details.

We look forward to seeing you at the BEST real estate investing event in the Houston area!

Post: Real Estate Hacking Live

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Real estate investors, join us for free food, tactical education, and great networking!

RSVP to confirm your spot!

Topics vary each month. Visit our website for more details.

We look forward to seeing you at the BEST real estate investing event in the Houston area!

Post: Real Estate Hacking Live

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Real estate investors, join us for free food , tactical education , and great networking with vendors and other real estate pros!

Free food is provided for those who arrive early.

There is plenty of space available for networking, but space is limited in the private room area.

Free parking is readily available.

Topics vary each month. Visit our website for more details.

We look forward to seeing you at the BEST real estate investing event Fort Bend County (Sugar Land, Richmond, Missouri City, Stafford, and Katy).

Post: New member exploring real estate

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Welcome!

Start off by completing your profile. It helps a lot with networking on here.

Other than that, be a sponge and soak up as much content to learn the game. Then take action. The last part is where results happen. Don't get stuck in education / analysis paralysis.

Post: New RE investor, working with my son

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Welcome! 

Rentals and wholesaling are two completely different business models. You might want to focus on one, and use the other as a backup strategy.

Rentals: Focus on finding good rentals from direct marketing, MLS, wholesalers, etc. When you get a deal that doesn't make a good rental, but makes sense for another investor as a flip or short-term rental, then wholesale it.

Wholesaling: focus on marketing for off-market deals at huge discounts. Wholesale everything and keep a couple great rentals a year.

Post: I Quit My Job Today!!!

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194
Quote from @Tramaine Robinson:

@Chris Bounds you still retired? How’s life? Is life what you thought it would be when you quit your 9-5?


 Still retired from a traditional W2 job, but working harder than ever! 

In hindsight, I would have held on a little longer and kept holding long-term rentals.

Flipping is great, but it's a job too. 

Post: Should I get my license?

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Having a real estate license is NOT required to be a successful house flipper, but it helps a lot! 

The biggest ways IMO are MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission).

Commission savings adds up fast when you're doing multiple deals a year.

That being said, there is cost to having a license so if you're only doing a couple deals a year then it might not make as much sense.

Post: Is really worth it to get my real estate license?

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Having a real estate license is NOT required to be a successful real estate investor.

IMO, it can help though!

Direct access to MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission), and of course, education & networking.

Having a license costs $$$ though. If real estate is a long-term journey for you, go for it. If it's a part-time investment hobby, then it might not make as much sense, financially at least.

Post: Best Down Payment Source

Chris Bounds Posted
  • Investor
  • Sugar Land, TX
  • Posts 471
  • Votes 194

Nearly all of my single-family deals were zero down deals because I got them off-market, direct to owner. 

Otherwise, HELOC is a great resource.