Tommy Christy has bought more rentals than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go through the process of lead generating, offering, auctioning, analyzing, and finally closing on them for his hedge fund employer. He was able to score twenty-seven hundred homes in just over two years, before realizing it was time for him to build his personal portfolio a bit more.
When the market crashed in 2009, Tommy saw an opportunity to buy homes at a significant discount. He was essentially buying anything under sixty thousand dollars in California, which turned out to be a good idea seeing how much the state has appreciated in the past twelve years. Tommy knows what it takes for the hedge funds to buy a great deal, but he also knows what they’re overlooking.
Even if you’re not planning on buying two-thousand plus units in two years, Tommy’s knowledge of “buy boxes” and systematizing your lead flow can help you reach a significant unit count, much faster. If you want to partner up on a deal, have a chat, or wholesale a home, get in touch with Tommy at tommy@ilovehouses.com!
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Join BiggerPockets for FREE:
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Visit Tommy’s Websites:
Houses:
Rentals:
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Shoot Tommy an Email:
tommy@ilovehouses.com
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Past Episodes Mentioned in Today’s Show:
Pace Morby:
Gino Wickman:
Aaron Amuchastegui:
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Grab Your Copy of “Bidding to Buy”:
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Find Foreclosure Opportunities with
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@beardybrandon or or #550
0:00 Intro
2:46 Foreclosures vs. REOs vs. Pre-Foreclosures
14:49 Are Foreclosure Deals Back?
18:53 Creative Financing and Buying at Significant Discount
27:11 Working With the Hedge Funds
39:24 Finding 2,700+ Homes Worth Buying
47:51 How Small Investors Can Compete
55:30 Building His Personal Wealth
1:01:43 How to Prioritize the BEST Deals
1:05:16 Flipping, Renting, and Portfolio Size
1:18:40 Famous Four
Show notes at:
Recommended Reading >> bit.ly/32kRpzw
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