All Forum Posts by: Chris Bounds

Come join the ONLY real estate investors meeting in the Sugar Land - Richmond - Katy area.

I will kick things off with a few tips about what it takes to get started investing in real estate with zero experience.

Our featured presentation will be given by Johnny Hays of Jet Lending. Johnny will demonstrate how hard money works, when to use it, and how to do deals you thought you couldn't do.

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. There will be a lot of networking and maybe even a few giveaways too.

Our goal is to help you build your business and to do that you need a team. Networking is the way you get it done.

Click here for more information.  See you there!

@Paula Fontenot

You're in the right place. Welcome!

We're pumping up our marketing and would like to reach out to house buyers (flippers and landlords) in the southwest Houston area.  If you are looking for flips or buy & hold properties in the Katy, Sugar Land, Richmond, Stafford, and Missouri City areas please let me know.  You can join my buyers list on my website, but please comment below as well.

Also, with more deals coming in we'd love to meet new private lenders.  If you are a private lender that invests in Houston houses please private message me.  We'd be happy to get together to discuss our business plan, track record, and what deals we are working on now.

Seeking wholesale buyer for this Katy 3/2 deal.  Asking $142,500.  Make an offer!  Call Chris at 979-676-1287

Address: 21410 Park Mount Dr Katy, TX 77450
Est. After Repair Value (ARV): $200k+
Estimated Cost of Repairs: $25,000 (rental) - $40,000 (flip)

About Property
This could be a great rental property for cash flow. Or take advantage of very low DOM for a profitable flip. AC unit is new. Roof older but appears functional. For pictures, click here.

About Repairs
Full kitchen remodel, bathroom countertops, sheetrock, plumbing.

Miscellaneous
Cash buyers preferred. Hard Money ok with pre-approval letter. Non-refundable deposit locks up the deal. Serious buyers only please.

Comps:
21411 Park Wick Ln pending $229k (flip)
21602 Park Wind Ct. pending $212,5k
21342 Park Tree Ln. sold $193k
21335 Park Mount Dr. sold $191k

That might be a question better for a new thread. I've spoken with RA a few times before and have seen them at local REI events. They seem legit, but I haven't used their services.

@Sam Craven, I will try that.  I've been using Realist since I can get that data for free.  For equity % it looks like I will need to use listsource.com instead.

@Sam Craven, thanks for the input.  The acquisition cost is actually much higher considering I've done multiple mailings.  Once I close out the pending sale I plan on rolling it into more DM.  Good point on landlords.  I was thinking 15+ years equals equity.  Maybe I'll sort by equity instead since some landlords may be inheriting.

I'm curious how you find that out?  Was it just laying around when you did a walk-through or did they tell you?

In Texas it's safe to assume that there is a gun in almost every home.  As long as they are legally able to own one I have no issues with it.  I'm not renting to felons.  I especially wouldn't mind it if the tenant was military, LEO, or other first-responder.

Hey everyone.  I did a lot of research on BP about direct mail before I started my own campaigns last November. I figured some people might get some value if I posted the results so far. I'll appreciate any comments or suggestions too.

1. Target Market: Absentee owned 15+ years, Below average ARV
2. Campaign Type: Postcards
3. Total Prospects: 854
4. Total Mailings: 6
5. Frequency: Monthly
6. Total Leads: 13
7. Total deals: 2
8. Deal types: 1 flip (back-end sale pending) and 1small wholesale. One other seller backed out at the last minute and breached contract.
9. Comments:This was my first mailing and surprisingly the first deal (the one pending back-end sale) was the very first call I received. Lucky, but I'll take it!

1. Target Market: Absentee owned 15+ years, Average ARV
2. Campaign Type: Mixed Mailing (Postcards, White typed letters, Zip Letters)
3. Total Prospects: 899
4. Total Mailings: 4
5. Frequency: Monthly
6. Total Leads: 9
7. Total deals: 0
8. Comments:I'm pretty disappointed with this campaign so far. The area is nearby the above postcard campaign. I'll ride it out up to 7 mailings and see how it goes.

1. Target Market: Absentee owned 15+ years, Average to Above Average ARV
2. Campaign Type: Mixed Mailing (Postcards, White typed letters, Zip Letters)
3. Total Prospects: 905
4. Total Mailings: 2
5. Frequency: Monthly
6. Total Leads: 7
7. Total deals: 0
8. Comments:This is a hot area in town with a lot of tear downs and rebuids. I expect fewer deals from this campaign, but the profit margin should be much higher.

1. Target Market: Probate
2. Campaign Type: White typed letters
3. Total Prospects: 544
4. Total Mailings: 1
5. Frequency: Every 6 weeks
6. Total Leads: 12
7. Total deals: 0
8. Comments:Overall, this has been the most impressive campaign. The response rate to the first mailing was more than I expected. No deals yet, but I have several warm leads that I am working on. We'll be add new probate to the list monthly.

Overall Comments: DM is generating leads, but I would have expected a few more deals by now. Is that an unrealistic expectation? Houston is a hot market and very competitive. Most of the motivated sellers I've spoken with mention that they receive multiple letters/postcards a month. Call volume is picking up more now so hopefully a couple of deals are right around the corner. We're going to start supplementing DM with bandit signs periodically until more deals start to roll in. 

Does anyone know a quality, licensed plumber in the Houston area?