People always ask how we got started in this business. I wish I could say we were visionaries and had a grand plan, but the truth is we started out of pure desperation! Remember 2008 when the stock market was crashing and the financial stability of the entire country was in serious trouble? If you recall, it was all of the “sub-prime” real estate lending that caused the crash. Great time to start a Real Estate business, right? Ha! Not exactly.
Amber and I were both going through divorces, running out of money quickly, sleeping on an air mattress (with a slow leak), and had to buy a couch off craigslist from the bad area of town just to have a place to sit in our 2 bedroom condo we shared with my 2 small kids. I was over $80,000 in credit card debt just to add to the pressure! Getting the picture? Not a great time of life for us, on top of the country being in one of the worst financial times in our history. Timing was certainly not ideal, and we did not have a grand plan. We needed to make money … and fast! We decided to go to a local seminar about flipping houses, and then traveled to CT the next weekend to hear a professional investor speak. We bought a course and some forms to get started and we took off.
As the years passed, we made a lot of mistakes … I mean a lot!! But we learned and grew from all of them. We have flipped hundreds of houses since 2008. At the time of writing this, we just closed out 2015 by buying 70 houses for the year! Wow, that sounds like a lot, and I guess it is! We still remember the days of dreaming about buying that one house for the year. So far in 2016 we are on target to purchase at least 100 houses.
We have hand picked an amazing team to work with. They inspire us everyday to be better in every way. We work hard and play hard. They help take our dream and vision and make them a reality. Without them, we would not be where we are today. We thank them and want them to know how blessed we are to have each of them.
We are able to pay cash because we use private investors to fund all of our deals. We are lucky to have such great partners to work with. In the early days, Janey Klotz was the first to take a chance on us and is still an investor 8 years later.
Bruce and Cindy Whittier were the next, and they took a large chance on us by being our largest single private lenders. We are still in business together this many years later and we are forever indebted to them for taking a chance on a couple who had a dream! We have many other private investors now and want to thank them all for their support, but we just wanted to make special mention of the first two who took that chance with a very little track record.
After the first few flips, we started to make a name for ourselves. We quickly realized that “flipping” was sort of a derogatory term at that time. We decided to prove to the masses that you can flip houses and do it with Honesty, Integrity, and Character. We are a family owned business, leading and teaching with those same core values. We love to help people. No matter who comes in contact with us, we want them to have the “Signature Experience” and be able to tell everyone they know about us.
As we grew, we saw the need to do business from somewhere a little more professional than our kitchen table! So in 2014, we decided to practice what we preach, and we purchased the ugliest building on Altamont Avenue in Rotterdam, NY. We renovated it into one of the most beautiful offices in the area. It’s been great to hear the feedback from the town and community about what an incredible transformation it was! One of the best quotes we’ve heard is, “You guys didn’t just renovate a building here, you showed us first hand what Signature Home Buyers is all about!”
Our sister company is a full service Real Estate Brokerage Signature Premier Realty, for those who have a house to sell that may not meet our buying criteria. You can reach Signature Premier Realty at 518-380-2800.
We are opening a Real Estate Coaching Company in the summer of 2016 to help those who are seeking mentorship and guidance.
We support many local charities, not only with donations, but by helping them raise money. They are almost all children charities, as helping kids really speaks to our hearts.
We are very excited about the future of our company as we lead the way for real estate investors. Thank you for being here on our site and getting to know us a little better. We hope you enjoyed our story.