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What I Learned (Tommy Christy)
Manage episode 356890650 series 3359473
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In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Tommy Christy, founder of iLoveHouses.com, an asset acquisition platform. He has 20 years of experience in the buying, fixing, and selling of foreclosure properties. Having lived and worked through one of the most tumultuous housing markets, Tommy has a ton of experience that has enabled him to thrive in remote investing and buy box strategy. He is at his peak of buying three houses every month each year and operating across five different states, including California, Nevada, Florida, Montana, and Missouri.
As always, Jake shares some of the insights he gained from his fascinating conversation with Tommy.
You'll discover the concept of a 'buy box,' and the reasons why Tommy relies on his buy box to make his deals.
Jake discusses Tommy's belief that the ability to operate in the distressed world and find returns is based on being nimble.
You will also learn some of the truly unique and unusual experiences Tommy has had during his career purchasing distressed homes.
Listen now and enjoy!
What You’ll Learn in this Show:
- How having a buy box allows you to say no to more deals quickly.
- Why you need to be in and out of an asset every 90 days.
- Why it’s important to understand the cost of capital.
- And so much more...
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