All Forum Posts by: Chris Bounds

@Joseph Ramirez, have you found prices from wholesale companies to work for your flips?  I haven't been able to make one work for a 15-20% return margin.  

Welcome to BP @Joseph Bukas. You're in the right place. Stay connected here and plug into the local REI meetings around the Houston area. Networking will help your flipping business a lot!

@Account Closed, my target response rate is 2%.  I'm on my second drop with 39 responses (most from the first drop). I should exceed 2% before I get to 7 drops.  It is an Absentee owner list.  Some are vacant, but most or rentals.

My wife and I try to answer 100% of the calls that come in.  Sometimes they go to VM, but most do not leave messages.  We return all VM asap and missed calls as time allows.  Right now we're managing that with about 6000 letters monthly.  I'm thinking we'll need to train buyers to help with calls soon so that is something we are planning for.

@Salim Bessaoud, There are so many REI meetings inside the loop we wanted to focus on the outer Metro areas. The first one we set up was in the Tomball / N Houston area and it has been very successful. The Sugar Land meetup had a great attendance for it's first month last month. This second month should be even better.

Come join the ONLY real estate investors meeting in the Sugar Land - Richmond - Rosenberg area.

This month we will be going over buy & hold rental properties. We will review real life examples of a rental properties AND their financials in a Case Study. This is where planning meets action!

PLUS, our featured presentation will be wrapped up by Clint Yates with Integrity Mortgage Group. Clint is a PRO in the mortgage industry! He has a ton of experience working with investors and is a must-have on any landlord's team. He will share a wealth of information on how long-term financing works for rental properties and what you need to do to get your loans closed.

Rudy's BBQ will be provided free for those that show up EARLY. Space is limited so make sure you RSVP early to secure your spot. There will be a lot of networking and maybe even a few giveaways too.

Our goal is to help you build your business and to do that you need a team. Networking is the way you get it done.

6:30 – 7:00 Meal served and get seated

7:00 – 7:30 Intro & Case Study review

7:30– 7:55 Clint Yates on long-term financing for rentals

7:55 – 8:00 Short break and transition

8:00 – 8:30 Sponsor intros & 3-5 mins per sponsor with giveaways

8:30 – 9:00 Networking & wrap up

Don't miss out on the best real estate network in Houston Metro!  RSVP here.

Welcome to BP @Alexander Plott.  My first wholesale deal was in Waco actually (home town) while I was attending Texas A&M.  

Anyway, BP is the right place to get started. Dive on in and plug in to any local REI meetings to network.

Welcome @Niki Jacobs, You're in the right place! Be sure to plug into the many local REI meetings. Most are free and offer great networking opportunities.

I kind of agree with Doug on this one.  New investors partnering together can work out well, but it can also ruin your relationship if things do not work out well.

Investor friendly title companies can handle double closings.  Homeland Title or Patten Law Firm are two that I know can handle that.