Stockbroker to Real Estate
The Key to Success is Mentorship
Carl Bassett is a very proud “military brat” who has moved more times than he can remember. His father is a Vietnam veteran, and his grandfather was Brigadier General Roundy, who was the Commanding General of Fort Rucker, Alabama during the Vietnam war.
While attending Westminster College, a private school in Salt Lake City, Utah, Carl Bassett began working as a stockbroker for Fidelity Investments in 1999 and completed his degree at the University of Phoenix, compliments of Fidelity.
Successful as a stockbroker, Bassett decided to try his hand in the food industry and bought a Blimpie’s fast-food franchise two weeks prior to September 11, 2001.
In 2003, he moved to Las Vegas to begin his ultimate adventure in real estate.
The Beginning
Carl Bassett was a real estate appraiser for ten years before transitioning to full-time real estate investing after regulations such as the Dodd-Frank Act came into play. He went to work as a consultant for Invitation Homes for a brief period until he bought his first HomeVestors franchise in Las Vegas in May of 2012 and became an independent business owner.
In 2012, his new company, Black Rock Real Estate LLC, bought 67 houses and he was honored as “Rookie of the Year” by HomeVestors. Bassett attributes his success to following and trusting the HomeVestors systems and methods and to his Development Agent Mark McKeller and a trusted mentor, John Holman. In the next 10 years, mentorship will continue to be an invaluable part of his real estate successes.
A New Business Model for Black Rock
In 2021, Bassett began laying the groundwork for a new business model – buying houses near military bases and working with the military housing departments to rent his houses out to soldiers stationed at the base. The advantages to this model are many – most military bases are experiencing housing shortages, there is a built-in database of prospective renters, and late rent payments and maintenance issues are almost non-existent.
As of December 2021, Bassett has bought 55 homes close to Fort Sill, Oklahoma and all were basically rented from day one. Obviously, Bassett is looking at expanding this model.
The Present Day
Black Rock Real Estate LLC is one of the top home flipping companies in the Las Vegas market. They have a staff of five full time employees and employ construction crews to repair and rehab the properties. Regarding his construction crews, Bassett says, “In terms of real estate investing, construction is #1 and property management is #2.” Their business approach focuses on long term relationships, and they are willing to walk away from a deal if it is not in the best interests of the parties involved. Bassett and his employees are passionate about first solving the sellers’ needs. “Real estate is about the person and not about the house; the house is secondary,” said Bassett.
Bassett currently owns four franchises: Las Vegas, Kansas City (Missouri), Orlando, and a suburb just outside of Las Vegas. In 2021, he was recognized as “Franchise of the Year” having bought 157 homes that year alone. He also has the distinction of being the only HomeVestors independent business owner who has increased his volume year-over-year for ten straight years.
Bassett’s key to success: Finding the right mentor. And of course, his wife Kalyn and their four children.
Homevestors
What exactly does it mean to be aHomeVestors® business owner? Owning a real estate business is life changing and naturally comes with risks! When you become a HomeVestors business owner, you get immediate access to motivated seller leads, financing resources for qualifying purchases and repairs, one-on-one coaching with your local Development Agent, proprietary software for analyzing properties and deals, and access to a nationwide network of coaches and peers. Your house-buying business is yours and you run it as your own venture with a focus toward your individual business goals.
If you are interested in a franchise, call 855-454-4578. Each franchise office is independently owned and operated.
