All Forum Posts by: Taylor Dasch

Once you get into that range - I think its best to hire a PM. They will be able to have everything organized and sent to you for record keeping and also deal with the tenants. If I were to be managing 10 of my own rental properties I would likely forget to check if one paid rent lol. 

Wow looks like a beautiful property!! Love the curb appeal. Congrats. How much does something like that cost over there?

AI is super helpful in my business as an investor and as a real estate agent. I use it to create my follow up plans, create texts / emails, and give me ideas of what I can do that others may not be doing. I have also used it for deal analysis and it seemed to be pretty accurate. I probably wouldnt trust it 100% with that though unless I input all of the data that I have from my analysis in terms of ARV, rental rates, rehab rates, etc. now that I type it out, that actually would be a good idea aha.

Yes, im not sure about deal sourcing at least at my level because I dont make that much from the investment side of my business right now and I feel there would be a lot of training involved. I like VAs for writing a bunch of offers - I am having my VA do offers, emailing lists, and texting lists if I can find a good text system where its allowed lol.

I pay the internet / utilities. You can add them but If you just go with what is active on furnished finder you will be right in the market range for the monthly rent and should cover the utilities + some. Most MTRs in my market are including wifi, water, electric, etc.

Private Money Lenders are going to be hard for a primary residence as it is an investment and typically they want to see a return prior to two years - also, the house would need to be purchased at a discount which would limit your options on a primary residence - now if you are looking for something that needs some work that you are planning on fixing up, it would be a little more feasible. For your situation, it sounds like a seller financing purchase could be a good fit as well but this would also have limited options and the terms wouldnt likely be great. Hope this helps! Good luck. 

I dont believe so but am not an expert on the topic - I do know that in Texas at least, it is marketed for owner occupants first and then after a certain time period they allow investors to put offers in. 

Theres one I think its by Brandon Turner that is called rent to retirement. when I was starting out I read one that was called one property a year that resonated with me. The one Brandon Turner wrote about doubling your portfolio every year is also good but I cant remember the name off the top of my head. 

Its really hard to say it depends on a lot of things - My rule of thumb - especially when its higher than I think it should be, is to get at least 3 quotes. If one is way too high or way too low I think its a red flag. 

I personally wouldnt - I am sure you could use the equity to get more than $600/month in cash flow however that would possibly require some work and risk on yalls end. Is there another way to pay off the debt? Also, you dont need that much down for a conventional or FHA loan that your going to househack. I would do my best to keep the property but there are definitely ways you can come out ahead by selling and paying off the debt/ reinvesting.