204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 8 December 2016

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on the BiggerPockets Podcast, you’ll hear from Chris Gill, a real estate investor in the San Antonio market who has only been investing for three years but has already done over 30 deals — mostly fix and flips. On this episode, we walk through Chris’s unique journey, including his initial four-plex rental property and his path toward flipping “the worst houses in the area.” And don’t miss Chris’s fantastic tip for finding deals that no one on the BiggerPockets Podcast has mentioned yet! In This Episode We Cover: How he transitioned from film to real estate Whether or not you should get your real estate license What Chris’s first deal looked like The things he wished he knew before he started investing Why properly screening tenants is vital Tips for creating a great team How he manages his properties How he does his bookkeeping Tips for transitioning to house flipping His criteria for finding deals How he estimates his rehabs Tips for evaluating a house to rehab How he funds his deals What he’s doing on the development side of real estate What’s unique about the San Antonio market How to find the sweet spot between too much and too little improvement What his end game looks like And SO much more! Links from the Show Trello BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast Books Mentioned in this Show Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing by Ken McElroy Rich Dad Poor Dad by Robert Kiyosaki The Book on Flipping Houses by J. Scott The Everything Store: Jeff Bezos and the Age of Amazon By Brad Stone The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Tweetable Topics: “If you want scalability, if you want to go anywhere else, you have to find something that allows you that.” (Tweet This!) “Just because you’re not good at something does not mean it’s not important.” (Tweet This!) “Be aware of overanalyzing stuff because that will happen forever if you allow it.” (Tweet This!) “Becoming comfortable with the unknown is huge, and I think in real estate that’s absolutely the case.” (Tweet This!) Connect with Chris Chris’s BiggerPockets Profile Chris’s Facebook Page Chris’s Instagram Profile Chris’s Twitter Profile Chris’s Youtube Channel Snapchat: ChrisFGill Chris’s message to BP community Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast.
0:02.0	Show!
0:03.0	204.
0:04.0	Not bad, Dave.
0:05.0	I don't think there really is a minimum age.
0:08.0	I started really looking at real estate very seriously
0:11.0	when I was like 17-18 and I was reading you
0:14.0	know reading books and you know self-educating on you.
0:17.0	You're listening to Bigger Pockets Radio simplifying real estate for
0:21.8	investors large and small.
0:24.0	If you're here looking to learn about real estate investing without all the height,
0:28.0	you're in the right place.
0:30.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:35.6	Your home for real estate investing online.
0:38.7	Hey what's going on everybody? This is Dave Meyer, guest host ofgerPockets podcast here with my co-host
0:44.8	Mr. Brandon Turner.
0:47.0	Well done.
0:48.0	Does that sound like Josh?
0:49.2	You do sound a lot like Josh.
0:50.5	You know a little bit less, I don't know, a little bit, well I'll say you sound a little bit less I don't know a little bit well I'll say you
0:53.7	sound a little taller and better looking than Josh but you know it's not just
0:57.6	the sound it's actually reality it is yeah that that is very much reality well I
	...

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