ABOUT

Kris Thomas

ABOUT

Kris Thomas

Hey I’m Kris Thomas!

I’d always loved real estate. We had been purchasing property alone the way and we had fixed it up and we had flipped it. We held some as rentals and I always managed them myself so I had a lot of experience, and I thought “Surely there would be a way for this to work for me”. So, I started learning all about the different ways that people make money and the types of real estate

THAT’S BECAUSE SUCCESS

Begins in Our Thoughts

First, I learned about being a retail real estate agent. Then, a commercial agent because I kind of prefer the business side. I talked to all the major brokers and I realized, you know, it’s so expensive and it still just take so much time to build your business. And I really didn’t want to deal with people buying and selling a home to which they are emotionally attached. Then I learned about wholesaling. I learned about buying foreclosures and holding them as rentals. I learned about buying homes in probate. I learned about clearing the chain of title on inherited property. I learned about mobile home flipping, buying mobile home parks, buying storage units. I learned about buying tax lien certificates. I learned about buying tax foreclosures.
 
But each and every one of these required me to schlep across town to see a property or meet someone or coordinate with contractors and really, all I wanted was just to be home with my kids. And then, I had an opportunity to participate in several tax foreclosure auctions in Florida. These were tax foreclosures, and after participating in 3 auctions, I was beyond frustrated that I wasn’t winning anything. When someone I had met while networking in a Facebook group, kind of like we met, told me a secret. He said: “Don’t go after the Single Family Homes in the auctions.”, he said, “They’re too competitive. Instead, go after the vacant land. No one’s looking at that.”.

That hot tip came from none other than Jessie Griffin! And Jessie and I are now in business together. So, he agreed to research the properties in Florida and I would do the coordinating with the counties and would fund the deals. And then, the very next auction, we won three properties and they were all vacant land. I couldn’t believe it! I was so excited! And within 90 days, we had sold all three of them for a ten to twelve thousand profit each.

But I really hated the auctions, and Jessie agreed, because it was a lot of work to go to the property and inspect the site and take pictures, with just the chance that you might win the auction. Remember, I didn’t even live in the state. We could go online and search the title and send a deposit to the county in time so we could qualify to bid, but traveling to different counties would be a challenge, even for Jessie who lived there in Florida. I mean it’s a big state! Well, there were 3 or 4 auctions every week and we would look at an entire auction of properties and not win a single one. Figuring out which ones to participate in and then following all the different rules set by each county was quite a challenge.

So I kept looking. This surely was not a scalable model. And so this led me on a journey to discovering the amazing business of land investing. So we thought, if tax foreclosures in land are so good, would land NOT in tax foreclosure also be good? That was the question. And the more we started researching land, the more we recognized it for the awesome business that it is!

So I kept looking. This surely was not a scalable model. And so this led me on a journey to discovering the amazing business of land investing. So we thought, if tax foreclosures in land are so good, would land NOT in tax foreclosure also be good? That was the question. And the more we started researching land, the more we recognized it for the awesome business that it is!

We sold several deal like 7-acre property near the River on the outskirts of a suburb where we put it under contract to purchase for $34,000. As a residential property, we were going to list it for $79,000, but because of the multi-family zoning, we ended up being able to sell it for $140,000.

Our very first deal was a 412% return! A $106,000 profit! We felt like we’d won the lottery!

It  This continued with another successful deal. We purchased 10 acres for $40,000 and sold it for $94,000. Another one was a “Hail Mary” deal from a 5-acre parcel on which we were able to put under contract for $80,000.The market value was $261,000. It was on a hillside and in a very popular fast growing area with good schools. We had a lot of interest but we had no offers. Our list price was $156,000. Crazy low for this area! And the purchase agreement was coming to an end, like our term on the deal was closing quickly. And so I didn’t know what to do.

We decided to text everyone who had ever inquired about it with a message that just said: “Hey, this is going off the market on X day”, because our contract was expiring, and we were trying to get it extended, but the seller was in the hospital. So we said: “We will be accepting bids until 4 days from now. Please contact me with any questions”.

Now we had to be willing to follow through on this and I sincerely thought we were going to lose the deal, but we ended up getting 2 offers and it ended up selling for $130,000. For a 61% return. We were thrilled! About a month later, the funny thing is, we saw it for sale on an investor’s website. We actually sold that deal to another investor who thought he had such a good deal that there was still room for him to make money and resell it. You know, they weren’t all great though. So be aware, things can go sideways. And I’ve learned not to count my chickens before they’ve hatched. But with patience and consistent daily action, along with me by your side, you will go be great!

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Work With Me

If we’re a fit on the call, I’ll be offering you an opportunity to work directly with me and skyrocket your land-flipping business.

Hey I’m Kris Thomas!

I believe that an unstoppable mindset can be your #1 business tactic. So, my job is to lead you back to yourself and to help you reprogram the limiting beliefs and patterns that are keeping you small.
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