All Forum Posts by: Chris Bounds

Not KW, but I would enjoy meeting for all of the above if I didn't live in hot & humid Houston, Texas! ;-) 

6 figures is excessive. I've seen many in the 4 to 5 figure range, as high as $50k.

Some groups offer a lot of value while others are be a waste of money.

Regardless, you do not have to join one to be successful. We flipped over 50 properties before ever joining a mastermind.

Sometimes smaller boothcamps for less than $500 can be helpful to get a quick start. Just know that there is often a high pressure upsell for "next level" course that is much more expensive. 

PA isn't the first state to do this and there are many others considering it.

This trend will continue. 

If you plan on actively being in real estate for years to come, getting your license can only benefit you. 

How do I handle disclosures?

"Mr. Seller, I am a licensed real estate agent and not someone who took a weekend bootcamp that just wants to tie up your property without any earnest money and steal your equity. During our appointment we'll discuss a few options to consider, including selling it quickly and in as-is condition, a traditional listing, or maybe something different. How does that sound to you?"

Everyone knows that rental properties is the best way to build wealth and passive income.

Building a million dollar rental portfolio is a lot easier than you think.

The best thing is you do not have to have a ton of cash in the bank to start buying rental properties.

And even better it you don't need nearly as many properties as you think to be a real estate millionaire.

RSVP

In this FREE MasterClass you will learn the strategy that successful real estate investors have been using for years to achieve financial freedom.

#2 for us. We're holding more properties which allows us to pay more than what a flip would require. 

I've flipped around 200 houses and wish I had kept a lot of them as rentals.

We will still flip occasionally, but the primary focus is holding.

Renters Warehouse is a franchise flat fee service PM. I know the owner of a Houston franchise. See if they are in your market.

Yes that is common for HML. Once you get some experience you can find private lenders and community banks that will be cheaper.

Yes and I highly recommend it. They'll be a good resource to help underwrite the deal. 

You'll pay more in fees, but you can keep your cash available for reserves or your next deal.

As a side note, regardless of your brokerage once you get a certain amount of transactions and experience you can opt in to Redfin's referral program.