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059: Business Expansion & The Dallas REI
We kick things off going over an article that Robby received a link to from another note buyer. The article it titled: Selling HUD’s Non Performing Loans: A Win-Win for Borrowers, Investors, and HUD
Over the weekend we got to spend some time hanging out together during the Dallas REI Expo. It was also a great opportunity to meet with some new investors and new vendors as well as catch up with old friends in the industry.
Its hard to put a value on getting out of your market and meeting with other investors that are like minded in a space that is designed to expand the businesses and lives of everyone involved. Chase hits on his big takeaways, which happen to hit home to our business of being able to spend more time in the same room working on projects.
There is a nice little place in Marshall, TX that we are trying to sell right now and we had one heck of a time with the original real estate agent we were working with. After the decision to pivot and engage a new realtor we have had a night and day experience.
The value of having “boots on the ground” tends to be priceless, which though we don’t discuss in today’s episode is something gained in value as you concentrate more and more deals in the same geographical location. What Chase hits on is using your network that lives in an area to scope out properties or to even interview vendors you might need.
Business expansion, what’s that mean to you? It seems we were approaching this topic from two different angles; this is something we would love to hear from our listeners about. Any feedback on this topic would be appreciated.
Getting into deals, Robby is introduced to the need to winterize his assets, something that he has truly never even thought about until a JV investor inquired if he had winterized their asset. As a result of this we have gained some great internal photos and can start making estimates of what costs we need to be prepared for to get the asset on the market.
If you have any questions for us, or comments send them our way at [email protected].
Listen to this week’s show and learn:
Listening Options:
Thanks for listening to our show! We’ll be back next Wednesday morning.
Cheers,
Chase & Robby
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By Chase Thompson & Robert Woods | Note Investing | Real Estate Investing | LiWe kick things off going over an article that Robby received a link to from another note buyer. The article it titled: Selling HUD’s Non Performing Loans: A Win-Win for Borrowers, Investors, and HUD
Over the weekend we got to spend some time hanging out together during the Dallas REI Expo. It was also a great opportunity to meet with some new investors and new vendors as well as catch up with old friends in the industry.
Its hard to put a value on getting out of your market and meeting with other investors that are like minded in a space that is designed to expand the businesses and lives of everyone involved. Chase hits on his big takeaways, which happen to hit home to our business of being able to spend more time in the same room working on projects.
There is a nice little place in Marshall, TX that we are trying to sell right now and we had one heck of a time with the original real estate agent we were working with. After the decision to pivot and engage a new realtor we have had a night and day experience.
The value of having “boots on the ground” tends to be priceless, which though we don’t discuss in today’s episode is something gained in value as you concentrate more and more deals in the same geographical location. What Chase hits on is using your network that lives in an area to scope out properties or to even interview vendors you might need.
Business expansion, what’s that mean to you? It seems we were approaching this topic from two different angles; this is something we would love to hear from our listeners about. Any feedback on this topic would be appreciated.
Getting into deals, Robby is introduced to the need to winterize his assets, something that he has truly never even thought about until a JV investor inquired if he had winterized their asset. As a result of this we have gained some great internal photos and can start making estimates of what costs we need to be prepared for to get the asset on the market.
If you have any questions for us, or comments send them our way at [email protected].
Listen to this week’s show and learn:
Listening Options:
Thanks for listening to our show! We’ll be back next Wednesday morning.
Cheers,
Chase & Robby