All Forum Posts by: Chris Bounds

I love the BRRRR strategy.

You can get a HELOC and use it when you need it.

IMO, it should only be used cover gaps using BRRRR to get into the property.

Say you get a $100k HELOC. Using private / hard money for acquisition financing, the $100k could help fund up 4-6 rentals depending on how cheap you get them.

Then use the cash flow to pay off the HELOC.

If you're confident your opportunity cost is better (higher margins, better cash flow, lower risk, etc) then go for it.

What would stop you from keeping it AND still doing other deals

Raising $30-50k from private lenders isn't difficult

Gerard Duhon 281-788-7393. I've used him a lot over the years.

My above post is dated. Pre-COVID there was a networking event in Houston almost every night. They're starting to come back. 

- reHacking Live hosted by Invested Agents: The 1st Tuesday of the month. Currently virtual. This is a free event my wife and I have been hosting for the last 4 years. 

- Super Investor Meeting hosted by Jet Lending: The 3rd Wednesday of the month. The largest networking meeting in Houston. This is the one I've attended the most over the years.

- Quest Trust Company: They host frequent educational meetings throughout the month. 

Chris and Arianne Lemire will be sharing exactly how they went from $50k in debt to $1 million in Net Worth in 3 years!

Through mastering their finances and investing in real estate they achieved financial freedom.

Date: Tuesday, November 3rd
Time: 7pm CST
RSVP: https://www.rehacking.com

Do you want to..

• Create passive income
• Be in control of your finances
• Create the lifestyle you deserve

Then you don't want to miss this free webinar

RSVP: https://www.rehacking.com

reHacking Live hosted by Invested Agents

 We use Nexa (formally Keener)

I'm pro-rental if you can make it work. I wish we held a lot more properties instead of scaling a flipping business.

Regarding renting out your personal residence, consider the tax advantages you might give up if you turn it into a rental.

For most people, capital gains on their primary residence up to a certain amount is tax free. That changes if you turn it into a rental.

For that reason, it might be better to sell your personal residence and using the gains to buy a couple more rentals.

Of course, check with a CPA regarding your unique situation. 

We use Callrail numbers (different numbers for each campaign / channel). Calls are flowed to an overflow service that answers live. 

While certain routine tasks can be automated, you absolutely have to have your thumb on the pulse of your marketing. 

Marketing & sales KPIs are everything in your business. Don't lose track of them.

Hey Austin, welcome back to Houston. 

Send me a PM. I have a buyer's agent that's a rockstar with securing lending for unique situations. 

I used Real Estate Express. It took me about 4 weeks for the course and another 2 weeks to test, but that was 6 years ago.