328: What It Really Takes to Flip 100 Houses a Year

Are you concerned about the increasing costs of marketing diminishing your returns in wholesaling? In this episode, we learn from Chris Burrow, who transitioned beyond initial wholesaling to navigate these challenges. Chris currently focuses on fix and flip projects and manages 60 rental properties as part of his business, aiming for approximately 100 deals annually across these various strategies. Discover how exploring options like fix and flip and long-term rentals can provide more sustainable pathways in a changing market.Here are three more impressive things about Chris Burrow:Chris experienced rapid success after starting in real estate investing in 2018, going from making only $20,000 as a real estate agent in 2017 to quickly closing deals and catching up on debt.He places a strong emphasis on building genuine connections with sellers by listening to their stories and offering solutions based on empathy, contrasting this with the sales-focused approach he felt was inauthentic as an agent.Chris has developed structured systems for his fix and flip business, including a standardized renovation blueprint and a property grading system for efficient underwriting. KEY TALKING POINTS:0:00 - An Overview of Chris Burrow’s Business1:03 - How He Got His Start In Real Estate1:59 - Why Flipping Felt More Authentic For Chris9:15 - Working With His Wife10:10 - When He Decided He Wanted To Flip Instead Of Wholesale14:25 - How They Estimate Rehab Costs16:44 - Deciding What To Anchor18:20 - How They Approach Sales Training23:11 - Finding Reliable Contractors28:35 - Are Interest Rates Too High To Invest?31:27 - What Chris Would Be Doing If He Wasn’t A Real Estate Investor32:27 - The Mindset That Led To His Success34:59 - His Highest High In Business38:03 - What He’s Looking Forward To Most In 202540:16 - The Hard To Get Data That Chris Is Looking For44:55 - Outro LINKS:Instagram: Chris Burrowhttps://www.instagram.com/thechrisburrow/ Website: Chris Burrowhttps://www.maximumcashhomebuyers.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/