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All Forum Posts by: CP Chou

CP Chou has started 6 posts and replied 53 times.

Post: Blanket / Portfolio Loan Options

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

Go to a local / regional bank especially if they are all in Texas or in the region. They can do some custom-ish and it would match their own portfolio interests.

Post: Tiny homes, communities for them and the future.

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

@Joe Callantine any BP thread calling out bowl cuts and frosted tips is a winner in my book!

Post: HELOC Maryland lender for non-owner occupied rental homes

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

@Stanley Dean try Penfed they have a product

Post: Cardone Capital Investing

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

@Reid Mathews Kudos to your curiosity for REI and not letting your domain expertise limit your learning. Of course ignore the unnecessary noise from certain folks!

Post: Stock Market Stinks (Down -800 points Today) - Real Estate Great

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

Welp, that was fun. Hope everyone hugged their families and had some good bourbon.

Meanwhile isnt "down -800" a double negative? That would actually mean it's up 800 (which is in progress now...what a prediction!)


Happy Friday

Post: Presenting MLS Deals to Investors

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

@Account Closed If you have the know-how to run the business you are doing, there's no way you wont breeze thru the realtor curriculum. Have you meet all the realtors out there?? (they somehow passed) The toughest challenge will be choosing your rums and pacing yourself on that. 

As a non-agent / consultant, you could look at charging hourly or per project basis for your specialist analysis. Maybe even some profit share too. There's always the education courses you could go brand for yourself.

Post: Lake LBJ / Lago Vista Vacation Rental - Should I buy?

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

@William Brock I have these conversations pretty often and it really comes down to how much a specific property can gross which is impacted by the area/property itself, the actual experience offered, how you market. At a glance, I dont see those areas you mention hitting the kind of gross a true vacation market can yield (yes, that includes Galveston - which is doing really well for the new school Airbnb world CC: @Timothy Church) . Doesnt mean it cant be profitable but the raw strength of the area is pretty spread out which is risky in a way but can also be successful (if you stand out, you may be one of the best choices around).

AirDNA is solely AirBNB data and it's fine with some built in margin of error. Some markets have significant presence with Homeaway/VRBO and I want to say those areas you mention are some of them. Evolve is hit or miss based on your market/local reps but expect 10-20% off gross to pay them. If you can build your own systems (many threads on here just search "STR") you will pocket it instead. You should definitely talk to them as well as our hometown shop, TurnkeyVR.

Getting comfortable running numbers in a VR sense and talking to others (such as myself) would be a good way to get more context to get started. Happy to get a beer!

Post: Fund & Grow Financing

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

Either way before this thread gets locked, let's get back on topic. It seems like for a price, they can help direct efforts in expanding access to credit. Specific details appreciated. Any 1st posters please provide more context to help this thread. Thanks.

I think the @David S. comment was in reference to the flood of 1st posters with no votes or history on BP. Not you specifically, @Daniel Rutledge

Post: Fund & Grow Financing

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26

Echoing @David S. this is one hokey thread. Reader beware! 

Build your credit, pay your debts, expand your credit lines for the future and be a good citizen. Call your mom.

(this post was not sponsored though was influenced by my mother)

Post: Anyone at Austin airport now want to talk real estate?

CP ChouPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 58
  • Votes 26
I like this idea and will need to try it sometime! Good luck and happy to chat in Austin sometime.