All Forum Posts by: Chris Bounds

This is a rare find in Greatwood. Needs cosmetic updating. Don't miss out! 

Pictures: Click Here

Serious Buyers Call 713-597-5600 or Text

We look forward to seeing you at the ONLY real estate investors meeting in the Sugar Land - Richmond - Rosenberg area!

If you have a question about real estate investing you've been dying to ask - you do not want to miss this event! Instead of one guest speaker, this month a panel of real estate investors will answer questions directly from YOU - the audience. The panel will include:

Elijah Randall has rehabbed hundreds of properties at Fast Track Remodeling. While handling all of the estimating and marketing aspects for the company, he has also committed himself to educating real estate investors with analyzing and estimating thousands of projects over the years.

Deuwain Henrichs has over 44 years experience in the insurance industry, the past 20 years being owner of Patriot Insurance, Deuwain is a must have on your real estate team. As an insurance agent and an investor, his experience can save you from disaster!

Brent Mahlmann of Capital Title Company is a fifth generation Fort Bend County native that has been in the title industry for over fifteen years. Brent has closed over four thousand transactions in his career and loves his work. Whether it be residential, commercial, multifamily, or raw land we have the resources and staff to accommodate the most technical of transactions.

Kim Garcia-Luague is a founding partner of The WIRE Team - Women In Real Estate. The WIRE Team brings value to the typically-male investor industry by adding a woman’s touch to their retail product, increasing the bottom line and reducing the days on market. The WIRE Team handles the transaction so you can handle your projects.

RSVP Here

Rudy's BBQ will be provided free for those that show up early. Space is limited so make sure you RSVP early to secure your spot.

FBREI

*Note: This event is Tuesday, April 3, 2018 NOT March 29th.

We look forward to seeing you at the ONLY real estate investors meeting in the Sugar Land - Richmond - Rosenberg area!

If you have a question about real estate investing you've been dying to ask - you do not want to miss this event! Instead of one guest speaker, this month a panel of real estate investors will answer questions directly from YOU - the audience. The panel will include:

Elijah Randall has rehabbed hundreds of properties at Fast Track Remodeling. While handling all of the estimating and marketing aspects for the company, he has also committed himself to educating real estate investors with analyzing and estimating thousands of projects over the years.

Deuwain Henrichs has over 44 years experience in the insurance industry, the past 20 years being owner of Patriot Insurance, Deuwain is a must have on your real estate team. As an insurance agent and an investor, his experience can save you from disaster!

Brent Mahlmann of Capital Title Company is a fifth generation Fort Bend County native that has been in the title industry for over fifteen years. Brent has closed over four thousand transactions in his career and loves his work. Whether it be residential, commercial, multifamily, or raw land we have the resources and staff to accommodate the most technical of transactions.

Kim Garcia-Luague is a founding partner of The WIRE Team - Women In Real Estate. The WIRE Team brings value to the typically-male investor industry by adding a woman’s touch to their retail product, increasing the bottom line and reducing the days on market. The WIRE Team handles the transaction so you can handle your projects.

RSVP Here

Rudy's BBQ will be provided free for those that show up early. Space is limited so make sure you RSVP early to secure your spot.

FBREI

Texas Ideal Properties is seeking a highly motivated and self-driven salesperson who enjoys working in a fast-paced environment.

This person will be tasked to CLOSE DEALS! By closing deals they will be providing lifeblood to the company. Experience is not required. A strong desire to develop and succeed is! Personal responsibility and a passion to make it happen each day are critical for this role. Initial and training is provided.

Compensation
The position offers a base salary plus commission and performance bonuses. A good salesperson will earn $80,000+ their first year. A great salesperson will earn well over $120,000.

Responsibilities

• Answer inbound lead calls
• Prospecting leads for motivation
• Meeting with sellers at their property to develop rapport, inspect the property, and provide a win-win solution for us to buy their property.
• Use our CRM to track and follow up with leads
• Collaborate with our operations and sales team
• Weekly reporting to the Executive Team

About Our Company
Texas Ideal Properties is an experienced and fast-growing real estate investment company. We buy houses directly from homeowners in as-is condition in Houston and the surrounding areas. With our rapid growth we are seeking high-quality people that would like to join and add value to our team.

To apply, click here. Candidates that apply will be asked to complete a DISC Assessment before their application will be considered. 

Requirements

• Must have sales experience. Outside sales preferred.
• Must be teachable
• Must have a competitive mindset that does not take "No" for an answer
• Must have a passion to become the best
• Must have a positive & energetic attitude
• Must have a strong desire for personal & professional growth
• Must have excellent written and verbal communication skills
• Holding a real estate agent / broker license is a Plus, but not required
• Bilingual (Spanish) is a Plus, but not required

Benefits

• Salary plus commission and performance bonuses
• Six-figure income potential buying real estate
• Fun, fast-paced work environment
• Ongoing training & support
• No cold calling required
• Great people - We absolutely love what we do!

This is directed more towards investors who are doing multiple deals a month.

What CRM do you use? What features do you love about it? What features do you wish it had?

Same advice here - sell. One more reason to consider selling is turning your personal residence into an investment property may cause you to lose tax benefits on capital gains after a certain amount of time. Sell and reinvest the cash.

Consider this, buy 1 rental per year for 10 years (see BRRRR strategy). Starting around year 5 you can sell one of your existing houses and use the proceeds to replace it with 2 more. At the end of 10 years you'll have 15 properties with cash flow and equity to build on. Run those numbers and plan how aggressive you want to run that strategy.

A document the buyer files with the county putting their contract on public record.

Search the forums for @Michael Quarles. You'll find extensive advice.

I've only had one person submit such an agreement and I laughed. First, most folks don't have the resources or ability to enforce it. Second, the wholesaler can always file a Memorandum of Contract. Third, if the deal makes sense we're signing a contract anyway. You'll probably run into that more with large wholesaling mills than smaller, local wholesalers.