Chris and Jamie Bounds are real estate investors out of Houston, TX. They own and operate Texas Ideal Properties, and live in Richmond, TX with their two children, Nathan and Ellie. Chris got started in real estate in 2005 while attending Texas A&M University. He bought 4 properties in his first year before graduating, and took a sales job in Houston. Shortly before getting married in 2011, Chris and Jamie started investing in real estate part-time. By August 2015, they were both full-time real estate investors and have since bought over 100 propertie. In 2018 they closed on roughly 50 houses, nearly doubling their business since the year before. Their goals are to continue to grow and scale their flipping & wholesaling business while continually adding properties to their rental portfolio. In this episode Chris and Jamie share what it’s like working together as a couple, and the steps they took from day one to ensure that their business would be on the right track for growth and success. They tell Danny how they worked to figure out what they should be doing fromthe very beginning, and how they worked on not only their skillset, but who they are as people in order to take their business where it is now. With over $11 million raised in private money, you won’t want to miss out on what they have to say!
Jason Lavender has owned and operated a painting company for 25 years, but caught the real estate investing bug listening to podcasts and reading Danny Johnson’s book, Flipping Houses Exposed: 34 weeks in the life of a successful house flipper. Jason began flipping houses in September of 2017 and has since completed 5 flips, with 2 more underway. After this, he took on wholesaling in October of 2018, and has completed 4 deals with one more in the pipeline. He’s now a member of Justin Williams’ coaching program, and is focusing on learning to scale and automate. In this episode Jason joins Danny to talk about what it was like to move from reading the book to getting established in the market and in a position to grow. Jason shares the do’s and don’ts of starting out and the lessons he’s learned along his journey (some of them the hard way!), so this is a perfect episode for those who are still a little hesitant about taking that first step and making it happen.
This week Danny is joined by Doug Watts Jr, a new investor born and raised in Austin, Texas. His story starts out as a commercial general contractor where he stayed for 10 years as a field engineer and later superintendent. Like many of us, he was drawn in by the freedom that real estate investing can give you and he dove straight into educating himself and taking action to get started! Doug actually completed 2 flips while working full time, making a profit of $63,000 on the first and $109,000 on the second. Just 6 months ago, he decided to take his investing business full-time, and has since listed 2 houses for sale that he flipped (that’s a projected profit of $50,000 in his first 6 months working for himself. In this episode, Doug also shares a cautionary tale of sorts that anyone should be looking out for, about the importance of making sure that every box is checked when it comes to your business. While Doug may not be your typical, “House Flipping Guru,” he is determined to make it happen for him and his family and his resilience is something to be admired. His open-book take on both his successes and his mistakes allows us to see what a new investor actually looks like, as well as take a look at the internal struggle of being afraid to lose all of your money, but also knowing that it takes spending money to make money.