59 min listen
550: BiggerPockets Podcast 550: Foreclosures, Flipping, and Creating Your Rental Property “Buy Box” w/Tommy Christy
550: BiggerPockets Podcast 550: Foreclosures, Flipping, and Creating Your Rental Property “Buy Box” w/Tommy Christy
ratings:
Length:
89 minutes
Released:
Dec 28, 2021
Format:
Podcast episode
Description
Tommy Christy has bought more homes than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go through the process of lead generating, offering, auctioning, analyzing, and finally closing on them for his hedge fund employer. He was able to score twenty-seven hundred homes in just over two years, before realizing it was time for him to build his personal portfolio a bit more.When the market crashed in 2009, Tommy saw an opportunity to buy homes at a significant discount. He was essentially buying anything under sixty thousand dollars in California, which turned out to be a good idea seeing how much the state has appreciated in the past twelve years. Tommy knows what it takes for the hedge funds to buy a great deal, but he also knows what they’re overlooking.Even if you’re not planning on buying two-thousand plus units in two years, Tommy’s knowledge of “buy boxes” and systematizing your lead flow can help you reach a significant unit count, much faster. If you want to partner up on a deal, have a chat, or wholesale a home, get in touch with Tommy at tommy@ilovehouses.com!In This Episode We Cover:REOs vs. foreclosures vs. pre-foreclosures (and which you should look out for)Creative financing and understanding which type falls into which market cycleDeveloping your “buy box” and “crystal clear criteria” for real estate dealsThinking like a hedge fund so you can beat them at their own gameHow to scale your portfolio so you don’t just have more units, but less workWhere to find the best lead sources so you can buy, BRRRR, or wholesale as you see fitAnd So Much More!Links from the ShowBiggerPockets ForumsGoBundanceZillowDavid Greene's CompanyBiggerPockets Show 551 with Josh DorkinWells FargoProperty RadarBiggerPockets Youtube ChannelBiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace MorbySacramento BeeInvitation HomesZillowOpen Door CapitalBiggerPockets Podcast 543: 5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino WickmanJosh DorkinBiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron AmuchasteguiJeff Brown's BiggerPockets ProfileSupermarket SweepCheck the full show notes here: https://www.biggerpockets.com/show550 See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 28, 2021
Format:
Podcast episode
Titles in the series (100)
#3: Getting Started in Real Estate and Raising Money with Brian Burke: In today's show we talk with Brian Burke, a house flipper and real estate investor from Northern California with a fantastic story and fascinating business model. Two days ago, Brian wrote a wildly popular article on the BiggerPockets Blog titled,... by BiggerPockets Real Estate Podcast