BiggerPockets Real Estate Podcast 550: BiggerPockets Podcast 550: Foreclosures, Flipping, and Creating Your Rental Property “Buy Box” w/Tommy Christy
5 snips
Dec 28, 2021 
Tommy Christy, an accomplished real estate investor, shares his wealth of knowledge after securing 2,700 homes in just over two years. He demystifies the foreclosure market and explains key differences between REOs and pre-foreclosures. Tommy emphasizes the importance of defining your 'buy box' for smarter investments and discusses strategies that help individual investors outsmart hedge funds. His insights into creative financing and adapting to market cycles make for a compelling listen, offering practical tips for anyone looking to expand their real estate portfolio.
AI Snips
Chapters
Books
Transcript
Episode notes
From Coupons to Foreclosures
- Tommy Christy's real estate journey began unexpectedly.
- He transitioned from door-to-door coupon sales to setting appointments for a foreclosure specialist.
Foreclosure Terminology
- Understand the foreclosure process and its variations across different states.
- The terms "pre-foreclosure", "foreclosure", and "REO" have distinct meanings relevant to investors and realtors.
Market Cycle Strategies
- Recognize that real estate market cycles influence strategy effectiveness.
- Subject-to, foreclosures, BRRRR, and other strategies work better in specific markets.
