Can anyone give me the story/background on Richard Davis from “Flip This House”…and "The Real Deal…etc? I know TV is TV, and alot of Flip This House is BS, however when it comes to Richard Davis alot of what he does appears to be fairly honest & straight forward.
From watching his shows, this is what I got out of him so far:
He started from a 1-room office, and had little or no capital initially. This makes me think he must of found good sources of funding after starting the business…e.g. hard money lenders?
One of his first investment purchases was a 4-unit apartment building, which he has held for 10 to 15 years now. He really emphasizes how the true way to get rich in America is to build net worth
He prefers not to be a landlord, yet hearing him make statements re: the above tells me he has a diversified approach to real estate. Flipping & buying/holding appears to be his strategy, though he distains buying/holding SFH’s
Obviously house flipping has been a major income producer for his business, but his company is actually a very diverse real estate service business [just checkout his website]. I’m really curious to find out at what stages he started offering certain services. When did he actually start selling houses…e.g. become a realtor? When did he start venturing into commercial real estate? Etc.
I too have been really impressed by Richard Davis and the way he runs his business. He is a straightforward, no BS type of guy. I like that focuses on results, but also takes time for charitable causes and invests in his people. I’d be interested in reading his autobiography if he had one.
I like the guy, really down to earth and takes care of his people and his friends. It looks like he’s franchising out and I would be interested in seeing what becomes of Trademark.
I have already submitted a perliminary franchis request from Trademark for the NE Ohio area. Trademark has a lot of respect in the industry, and is becoming a household name due to Flip This House and The Real Estate Pros.
I’m very new with REIing, (haven’t purchased) and quite jittery about it. :redface You must give me credit though, I am posting in here for the first time and do intend to do so more often. Big step for me.
I believe Richard is awesome. If I ever had the opportunity to meet and work with this guy, I would have the coffee made everyday in the office and ready to drive a few nails too. I love the Tough Love he demonstrates on the show–> “Bottom Line Up Front approach (like some of you in here–>(you know who you are). :bobble In fact, THIS site REICLUB.COM (with you guys…whoever you are) and Richard is helping me so much. I am in here almost everyday trying to suck up as much as possible. But, I do find it very informative.
If you are an advisor, or someone who has a question.