The HyperFast Agent Podcast

Episode #135 Smart House-Flipping Tips with Chris Clark

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During this HyperFast Wealth segment of the HyperFast Agent Podcast, host Dan Lesniak speaks with Chris Clark, a real estate investor who quickly grew his company from zero to twenty-four deals a year. Chris shares insights about how to find capital for deals, how to find off-market deals, and how to use the MLS to get free leads. If you’ve ever considered flipping, this episode is packed with helpful advice. 

Episode Highlights: 

  • Chris Clark is a real estate investor who started out just two years ago. He quickly did enough flips to quit his day job.
  • Chris shares where he finds capital for deals. He suggests always using commercial financing in some capacity and raising equity from networking events as well as family and friends.
  • Once you understand how the majority of investors are raising capital, then you will know how to pitch.
  • Chris shares what his first deal was like.
  • Dan and Chris discuss how many of the best deals are found off-market.
  • Chris describes how he financed the first deal and how much construction cost.
  • Many people start off in investment and sales as a side hustle. Chris gave himself two years to pursue investing part-time. He quit his day job after 9-10 months when he saw the potential for growth.
  • Chris describes the biggest deal he did in the first year he was working full-time.
  • His typical flip rarely adds square footage. Usually, they keep the existing structure but gut the house. These are usually from 1200-3000 square feet and from $80k-300k.
  • Chris has purchased several properties off the MLS and he was able to get good deals by making an offer quickly and then implementing a follow-up system.
  • One of his go-to techniques is to come up with an exact number that shows he has plugged his numbers and there's a reason he has arrived at that number.
  • If you're negotiating directly with the seller you're trying to get more of what their motivation is and understanding why they're selling.
  • Really study what your local market is doing. Drive down those comps.
  • Keep learning as much as you can.
  • Chris shares his answers to the HyperFast Round.

    • 3 Key Points:

    1.   Investing often begins as a part-time pursuit. When Chris began focusing on his investing full-time, his business doubled almost immediately.
  •   When you’ve done a good job networking as an investor, people will start coming to you to see if you have opportunities available.
  •   Looking for leads on the MLS doesn’t have to be a waste of time.

    • Resources Mentioned:

    • Learn more about Hyperfast Academy; HyperFast Coaching 
  • Dan Lesniak bio, Facebook, Twitter 
  • Chris Clark Instagram
  • Summit Realty Group website, Instagram, Facebook
    • ...more
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