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All Forum Posts by: Chris Bounds

Chris Bounds has started 83 posts and replied 451 times.

Post: Should I get my license?

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195

Having a real estate license is NOT required to be a successful house flipper, but it helps a lot! 

The biggest ways IMO are MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission).

Commission savings adds up fast when you're doing multiple deals a year.

That being said, there is cost to having a license so if you're only doing a couple deals a year then it might not make as much sense.

Post: Is really worth it to get my real estate license?

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195

Having a real estate license is NOT required to be a successful real estate investor.

IMO, it can help though!

Direct access to MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission), and of course, education & networking.

Having a license costs $$$ though. If real estate is a long-term journey for you, go for it. If it's a part-time investment hobby, then it might not make as much sense, financially at least.

Post: Best Down Payment Source

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195

Nearly all of my single-family deals were zero down deals because I got them off-market, direct to owner. 

Otherwise, HELOC is a great resource.

Post: Real Estate Hacking Live

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195
Quote from @Nicholas Davaul:

Your original post has the times from 530 AM to 830 AM  (in the morning).  Is that correct?  Or is it 530pm - 830pm?


 Yes! Although I'm up that early, but the event start at 5:30pm (not AM).

Post: Real Estate Hacking Live

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195

Real estate investors, join us for free food , tactical education , and great networking with vendors and other real estate pros!

Free food is provided for those who arrive early.

There is plenty of space available for networking, but space is limited in the private room area.

Free parking is readily available.

Topics vary each month. Visit our website for more details.

We look forward to seeing you at the BEST real estate investing event Fort Bend County (Sugar Land, Richmond, Missouri City, Stafford, and Katy).

Post: Real Estate Hacking Live

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195
Quote from @Chris Bounds:

Free food is provided for those who arrive early.

There is plenty of space available for networking, but space is limited in the private room area.

Free parking is readily available.

Topics vary each month. Visit our website for more details.

We look forward to seeing you at the BEST real estate investing event Fort Bend County (Sugar Land, Richmond, Missouri City, Stafford, and Katy).

 Time correction: 5:30PM CST

Post: Real Estate Hacking Live

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195

Free food is provided for those who arrive early.

There is plenty of space available for networking, but space is limited in the private room area.

Free parking is readily available.

Topics vary each month. Visit our website for more details.

We look forward to seeing you at the BEST real estate investing event Fort Bend County (Sugar Land, Richmond, Missouri City, Stafford, and Katy).

Post: Real Estate Wealth Con 2023

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195

πŸ“’ Join Real Estate Wealth Con, the ultimate 3-day virtual super conference! πŸ˜οΈπŸ’Ό

πŸ“… Mark your calendars: September 6th - 8th
🎟️ RSVP 

πŸ”₯ Get ready for an immersive experience like no other, featuring 50+ industry-leading speakers across 7+ different topic tracks, including:

πŸ’πŸ” Category Highlights:

1️⃣ Investment Strategies: Learn from seasoned experts who have cracked the code to successful real estate investments. Discover strategies that can help you maximize your returns and build long-term wealth.

2️⃣ Planning & Protection: Learn how to plan for the future and protect your real estate assets through effective estate planning, risk management, legal considerations, tax optimization, and asset protection strategies.

3️⃣ Sales & Marketing: Master the art of real estate sales and marketing. Gain insights into effective lead generation, branding, and customer acquisition techniques to accelerate your business growth.

4️⃣ Financing: Gain valuable knowledge on how to finance your real estate deals, including raising private money, hard money lenders, commercial lenders, syndications, and investment funds.

5️⃣ Business Operations: Streamline your real estate business operations for efficiency and scalability. Get tips on team management, process optimization, and building a solid foundation for growth.

6️⃣ Technology and AI: Discover how cutting-edge technology and innovative tools can revolutionize your real estate business. From ChatGPT, smart analytics, home automation, chatbots, and more.

7️⃣ Market Outlook: Stay ahead of the curve with insights from top market analysts. Explore emerging trends and identify lucrative opportunities in different real estate markets.

πŸŽ™οΈ Get ready to hear from renowned experts, industry veterans, and thought leaders who will share their wisdom, insights, and success stories.

πŸ“š This conference is an invaluable opportunity to expand your knowledge, network with like-minded professionals, and take your real estate journey to the next level!

πŸ’Ό Whether you're a seasoned investor, aspiring entrepreneur, or simply interested in real estate, this event is a must-attend!

🎟️ And...for a Limited Time you can RSVP for FREE!

I'll see you at Real Estate Wealth Con! πŸ’ͺπŸΌπŸ’°

Post: what do you hate about wholesalers?

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195
Originally posted by @T M.:
Thannk you for not saying "all" wholesalers. I'm in Real Estate courses now trying to get my agent's and appraiser's licenses. So far, I've heard a ton of bad case studies involving shady agents but I have not thrown the whole industry away based on the large number of shady agents out there. I feel that when wholesaling is spoken of, the majority of the time, it's in a negative context. I appreciate your voice of reason and balance. Just the facts.

Originally posted by @Chris Bounds:

Over time more states will start requiring a license "wholesale". 

When you boil it down, most wholesalers are engaging in brokerage. They operate purely with the intent to assign their interest in the contract to another buyer AND do not disclose that to the seller. 

Many wholesalers do not have the means (or desire) to close on the properties they are contracting. That in itself can be a legal issue in many states. 

Wholesaling is not bad (IMO). It's the shady individuals and operations behind the strategy that causes harm to the public and will prompt regulators to address the issue.

Bad actors that ruin it for everyone else. Oklahoma recently passed HB 1148 requiring wholesalers to get a license.

Good luck with your license and real estate business. IMO a license can only benefit a person looking to make real estate a long term profession. Feel free to reach out. 

Post: How To Build A Winning Real Estate Team - Eps 8

Chris BoundsPosted
  • Investor
  • Sugar Land, TX
  • Posts 474
  • Votes 195

Join us for #RealEstateHackingLive as we ask top industry leaders:

"How can you build a winning real estate team?"

Guests include: TBD

RSVP

We will lead guests into topics including:

  • How do you break through in a competitive market?
  • How are you connecting with your audience in a way that’s relevant?
  • What marketing channels do you find most effective?​
  • What should you do to improve clients' experience?
  • What behavior trends are you seeing?
  • How are you building both Brand & Sales?