All Forum Posts by: Chris Wolfe

Hey Everyone-

I'm an experienced flip investor from CA and I will be in Austin Dec 10-14.  I would really like to meet up with some other experienced investors and contractors.  Our team completed 75 flips this year and would share what works for me and hopefully learn a little about what is working for you in your market.  I'm hoping to learn from each other and potentially do some projects together.  Hit me up if you're interested!

Dont worry - I wont CA your TX lol

-CW

Hey Team!

In California we use a website called Property Radar to search for our target direct mail properties and export them into mailing lists.  This website is only available for CA, OR, WA, NV...   What website is used for Texas direct mail campaigns?  I'm looking to be able to search by county, state, zip, etc and with multiple parameters:  Occupancy, default, value, loan balance etc.  

Any recommendations?

@Brian D. I am seeing tighter competition in my area of CA for the reasons you listed above.  Additionally seeing some small, medium, and even large investors dwindling.  I think we have to in it to win it for the long term.  Stay lean and mean and outlast everybody else so you're one of the only fish left in your pond(s).

@Dan Burstain I just sent you a PM with my cell.  I would love to check out your project and talk to you more about your market.  Give me a ring tomorrow if you get some time!  -CW

Hey Gang!

I'm from CA and going to be in Austin TX this Thursday-  I'm hoping to meet with some people working the flip game in the area.  If you want to grab coffee, lunch, whatever I would love to learn more about your market.  My company does about 150 flips per year in Central California and we are beginning to purchase in Austin.  DM me if you have 30 minutes on Thursday, I'll be in Downtown Austin area but can travel a bit.

-Chris

Difficulty in obtaining bank financing is another issue. I had a 14 unit complex that was in excellent shape, super low LTV 30% and I had the hardest time getting a refi done. Way more difficult than anything SFR or 2-4 Units.

Hey everyone-

There are several vacant properties in disrepair I'm looking to find the owner.  I've done it before, just through the easy methods of searching google for a phone number, property records etc.  But is there a good skip tracing website that has better info for finding phone numbers, emails etc?  I'm in california (fresno county specifically).  Any advice would help!

@Dan Burstain I've been investing in Austin for about a year and a half for the same reasons.  I see it as the next Seattle area with very good long term appreciation returns.  Ive got 5 doors there now, with 25% down on each, I get little cash flow after paying property management.  But in 10 years I believe the portfolio we are building now will be very valuable.

The first deal is always the hardest deal.. It may take 6 months of consistent action before you get it, which is why most people quit at this business.  Sounds like you are doing some good stuff.  And when you do get that first deal, put some of that money into mailing letters to people.  The second deal will be slightly easier to get, the third even easier.  You just need momentum and it all starts with that one. 

@Andrew Postell thats great news.  Do you know if it matters if the primary residence loan will be jumbo by chance?  I'll also ask my local lenders, I just was wondering if you knew off the top of your head.  Thanks!