All Forum Posts by: Chris Randall

Thanks Ardie-

I guess I could see how this may make some skeptical but a good investor will do their due diligence. The car is meant to create curiosity to make connections.

I have solid deals with good returns but maybe this isn't a professional approach (I think that was your point). Thanks for your opinion this is why I posted this to see how real investors will perceive it.

The homework is already done, the property is already purchased, fixed and rented out. All that information is available.

When you say "it's not smart now" I'm not sure what you mean. This isn't my first rodeo. We have around 150 we manage right now (they make money every month).

I don't want to give it to a client as appreciation, they see how I appreciate them every month when they get their checks in the mail.

This is meant for the appreciation of new investors who want to partner with us.

I told you not to say anything...

 Thanks Tim-

If I get a pro account where could I post this promo then?

Which pro account do you recommend and what are the main benefits?

I have a lot of investors I'm looking for new investors. I don't know if they would want my car that's what I'm trying to find out. They could always sell it or give it away themselves.

I

 Thanks for joining Sean-

Yes cashflow is the best part because the numbers are not estimates they are what the properties are bringing in today. Almost zero risk.

PS This is not a $50k porsche but don't tell anyone.

Thanks for your response Shawn.

If you were the 16th buyer of a managed/rented property of mine I would give you my porsche. I'm not sure what else you would need to know (full scope). If you didn't want it you wouldn't have to take it. I would just do the promo again.

My numbers do speak for themselves, typically my investors/partners see $400 to $500 a month NET after all expenses including my management fee of 10% on multifamily homes in the $40k to $50k range.

I also, help people find financing at 0% interest for those who don't want to tie up their own cash. 

@Karen Margrave

I do have solid deals but gimmicks can really get attention.

Look at Donald Trump and Richard Branson...

What does everyone else think? Is this too gimmicky or brilliant marketing?

I think I started out like everyone thinking I'm just going to flip houses...

I ended up creating a management company where I find, buy, fix and rent multifamily houses. Then sell to investors all over the world who only need to cash the checks I send every month. Some of which I've never met or even spoke to on the phone like my investors in China.

This has worked out well for everyone, especially new investors since I take out the risk as my rentals already have renters in them. All the expenses are known and there are no surprises which is what makes most new investors quit.

What's really a win-win for both myself and my partners is the fact that we both make money. And what my investors love is how I'm motivated to keep these properties rented because I have a vested interest (money) in making sure they have renters because I charge a 10% management fee. If they are not rented out I'm not making money either.

At the most I've managed around 220 properties. At the time of this writing I'm at about 150 because I just had a lot of sales and another managment company took over a lot of them.

I'm in negotiations with a large investor to buy a large bundle of them this week.

At any given time I have 10 in my own portfolio that I am fixing and reselling weekly (not myself mind you, I have a great team of contractors I use).

When I say fix, I do not mean fixer uppers. I only buy homes I need to invest only a few hundred or a thousand dollars at the most to get into rentable condition.

If the home can't be rented out within 30 days (in my opinion) I won't even put in an offer.

One thing that I learned that has really helped me is... buying duplexes. This way if I lose a tennant I'm still collecting rent from one side while I'm working on finding a new renter for the vacant side.

The thing that really turned it around for me (after losing a lot of money buying BS real estate investing crap) was the investing school I became a part of. Not only did I learn the strategies I needed but the connections have made all the difference in the world. In fact, most of my investors/partners were found through this school.

Now, I'm ready to connect and work with new investors, and is the reason I'm joining forums Like Bigger Pockets. Please let me know what other forums and sites you have had success with finding like minded individuals like yourself. I know it's hard to find good places to meet new people because of all the scammers and spammers out there.

I'm very excited to be a part of this group as it's obvious they do a great job vetting members here.

I'm starting a promotion today where I'm giving away my Porsche to the 16th investor who buys a property from me. What do you think, is this a good idea? And where would you recommend that I advertise this promo?

Thanks for listening to my story. I'm a new member here but it looks like this forum is popular and I hope to make many new business partnerships and friends here...

Please let me know if this post is ok here...

I'm giving away my porsche as a marketing test to find investors.

What do you think? Good idea or Bad?

Where would you recommend I advertise this promo?

PS I can't seem to upload images. Do I need to be a paid member to do this?

Thanks @Jon Holdman