Episode 66

full
Published on:

28th Feb 2023

Tommy Christy | Leveraging the Power of the Buy Box

On today's episode of the Passive Wealth Principles podcast, Jake chats 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.

During the episode, Tommy explains his background and how he originally got into purchasing distressed homes.


He offers some thoughts on the "buy box: concept: A tool used by real estate investors to determine the types of properties they want to purchase. The buy box is normally broken down into columns and details the criteria a property must meet to be considered for purchase.


Tommy also explains why he believes that the ability to operate in the distressed world and find returns is based on being nimble: How many know what they're doing and how many are accurately closing as fast as they claim.


Join Jake and Tommy for this fascinating discussion.


Enjoy!


What You Will Learn in this Show:

  • How Tommy first got into distressed investing.
  • Why today‚Äôs market is not the same as yesterday.
  • Why the people that are going to do well in this market are those that work like a husband-wife team.
  • Some of the unusual things Tommy has found in houses he's bought.
  • And so much more...


Resources:

I Love Houses

Tommy's LinkedIn


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About the Podcast

Passive Wealth Principles
Contrarian Investing for Cash Flow and Freedom
You are listening to the Passive Wealth Principles Podcast. Your host; Jake Harris is the founder of an award-winning real estate investment firm and actively investing in commercial real estate all over the country. This show allows you to tune into interviews, dive deeper and deconstruction many passive wealth principles not just from investing but tactics, strategies, and many fascinating ways in which people have achieved levels of passive wealth.

Through my nearly 20 year career as a professional investor, I have built an amazing network of people and come across some super-savvy investors that not only have a unique stance on the marketplace but look at the same problems we all face and many times have come up with a simple but unconventional approach to solving them.

So come be a fly on the wall. Enjoy the conversations and these amazing passive wealth principle lessons.

Learn more: https://www.catchknives.com/

About your host

Profile picture for Jake Harris

Jake Harris

A sought-after expert and gifted story teller with contagious energy, he inspires everyone around him with encyclopedic research. He can take complicated ideas and convey them simply and clearly for everyone to understand. As a founder and managing partner of an award-winning commercial real estate firm, he has authored a #1 bestselling book (CatchingKnives). He has been featured in many publications including The NY Times & Yahoo Finance, he is a frequent speaker, podcast guest, and a highly valued coach. He uses those superpowers to pioneer cutting-edge bold design into an exciting hotel, infill, and adaptive reuse projects across the country. To date has purchased and sold1200+ properties in23 states and amassed a commercial real estate portfolio of iconic properties. He earned a master's degree in International Real Estate, sits on the FIU real estate board, is an accreditedCongress of New Urbanism city builder, a member of CCIM, Urban Land Institute (ULI) and holds a CA real estate brokers license.