Digital Social Hour
The $20K Bankruptcy Lesson Every Agent Must Know | Chris Bentley DSH #1018
26 Dec 2024
Discover the crucial $20K bankruptcy lesson that transformed Chris Bentley into one of Dallas's top luxury real estate experts. 🏘️ In this eye-opening conversation, Chris shares his incredible journey from financial rock bottom to building an 18-agent brokerage and closing multi-million dollar deals. Learn how Chris bounced back from losing everything in 2008, mastered the art of networking, and built a thriving luxury real estate empire in Dallas. From closing $5.5M homes to managing wealth for clients, Chris reveals his secrets to success and the valuable lessons he learned along the way. This powerful conversation covers everything from the Dallas luxury market and relocations from high-tax states to innovative marketing strategies and wealth-building insights. Whether you're a real estate professional or someone looking to learn from others' experiences, this interview delivers game-changing wisdom about perseverance, business growth, and the importance of maintaining perspective in the face of success. Watch as Chris shares his unique approach to mentoring agents, building genuine relationships, and creating sustainable success in the competitive world of luxury real estate. Get ready for an honest, inspiring discussion about turning setbacks into comebacks and building lasting success in real estate. 🔑 #financialeducation #bankruptcylessons #howtonetworklikeaproinrealestate #realestatereferralagent #realtorreferrals CHAPTERS: 00:00 - Intro 00:25 - Chris Bentley 03:15 - Luxury Homes Market 05:56 - Attracting Clients 07:47 - Reality TV Show Insights 10:02 - Popular TV Shows 10:13 - House Flipping Strategies 14:25 - Amazon FBA Business 14:31 - Capital Management Tips 19:57 - Personal Development Journey 21:30 - Long Term Goals Discussion 23:34 - Finding Chris Bentley Online APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Chris Bentley https://www.instagram.com/chrisdbentley https://www.youtube.com/bentleyfineproperties LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Digital Social Hour works with participants in sponsored media and stays compliant with Federal Communications Commission (FCC) regulations regarding sponsored media. #ad Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
she humbles me really yeah i feel like i'm making all the right decisions and yeah you need that outside perspective or else your ego will just take over yeah or you'll go down like the wrong path yeah because you know it's easy to have yes men around you once you have some financial success and then you just think you're hot shit and then like the people that you pick up are people that are telling you the wrong thing and the only reason why they're telling you to do that is because they get paid on that yeah and then you're just like well like you know
All right, guys, Chris Bentley here, real estate expert from Dallas, right? Thanks for coming on. Absolutely. Thanks for having me. Absolutely. How's that market been lately? It's good. Yeah, a lot of relocations to Dallas. Obviously, it's a state that has no taxes, so a lot of people are moving. Right. Where are they moving from, Cali?
New York, New Jersey, California, Washington, Minnesota. Nice. Yeah, those are like some of the bigger ones. Yeah, I'm from Jersey. That's state taxes, no joke there. I grew up on the East Coast. Oh, yeah? I'm from the D.C. Virginia area. Okay, nice. Yeah.
East Coast, good weather, but yeah, some of those taxes are just... Especially New York and Jersey. It's expensive to live there, too. Yeah, but Dallas, you get a lot of land. The one thing I'll say, because I just got back from Dallas, a lot of traffic. Yeah. I got wrecked. I missed my flight. Really? Yeah. Wow. I didn't know how...
how much traffic there was so i was like oh it's only 15 away and then my flight was at six i got stuck in like 50 minutes of traffic yeah there's always a wreck there's always well it's like 30 minutes anywhere really in dallas which a lot of people aren't used to i mean i'm not really even used to it i've been there for 13 plus years but it's just that's kind of how it is and if you catch it on rush hour it's anywhere from like 45 to an hour absolutely it's just like it's just different you gotta plan it out out there
yeah i mean on the east coast it's just different because you like drive somewhere and it's like there's stuff there to look at and dallas is really not it's just it's not there's so much space yeah it's just a lot of space is that when you got into real estate when you moved out to dallas or were you no i was doing real estate since 2003 so uh 21 years now and then i started out in the east coast and i moved to dallas over 13 years ago so you survived the 08 crash then yeah barely barely well a lot of people went bankrupt so is that what happened to you
I went bankrupt, but I lost my houses too. So I had like tenants in there that weren't paying and it was just like a big mess. Back then, like bankruptcy was a lot easier than it is now. So I just did a BK and just survived it. And how long did that take to recover from?
Probably about, like, a year or two. Okay. Because I had, like, you can assign somebody else's credit to your credit. So, like, I was using my mom's credit cards and stuff like that. Got it. So I was kind of, like, moving my credit up. I just knew how the game worked. So I just kind of moved it up as I went. That credit game is a good game to know, man. Oh, yeah.
I see people getting credit cards and literally buying houses with 0% credit cards. Yeah, it's crazy. And then putting that house on Airbnb. Mm-hmm. And you can do it with like American Express points and stuff like that. There's all kinds of like – Yeah, the point hacking is nuts. Yeah.
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