Manage episode 257034533 series 2466103
What you’ll learn in just 17 minutes from today’s episode:
- Learn about the different real estate investment strategies that brought Chris strong profits which in turn helped him build his brick and mortar business
- Find out about the one investment strategy that pulled Chris out from the economic crash and helped him recover all his losses
- Discover the different marketing strategies that are productive, effective and work best in whichever market you are in
Chris Rood is a 38-year-old serial entrepreneur from Louisiana with 5 kids and has been married for 20 years. Now he’s a full-time real estate investor who is wholesaling and flipping in 4 states. He owns around 18 million dollars in real estate including mobile home parks, apartments, short-term vacation rentals, and single-family homes. He also does land development.
In this episode, Chris shares his real estate journey that brought him steady income and funded his brick and mortar business despite being in a massive economic crash. Learn the one investment strategy that pulled Chris out from it and helped him recover all his losses.
02:03 – How he was thrust into the world of real estate
07:34 – How this investment strategy saved him from the economic crash that befell in 2005
08:35 – What does a wholesale deal look like
10:36 – Why are some sellers don’t list with a realtor
13:22 – What marketing channels work best these days
16:26 – What is the smallest area that wholesale work reasonably well
17:46 – Does wholesaling work in Canada
“If you’re interested in getting in real estate, you start with wholesaling because it makes you the source of the deal. Like if you want to be in first position and find deals, and when you start a wholesaling business, that’s what it does. It gets you unlimited access to heavily discounted off market properties and motivated sellers. If I could do it all over again, that’s where I messed up. Starting a wholesaling business is the foundation. If you ain’t got that piece in, if you don’t know how to find deals, you’re dead in the water as a real estate investor.” – Chris Rood
“Every market reacts to different marketing channels. You got to split the test, measure, adapt and change to the different markets that you’re in.” – Chris Rood
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