All Forum Posts by: Taylor Dasch

It is definitely an amazing way to reach financial independence especially if you stay consistent with it! I started off saving funds from my w2 as well. Once you get more experience you will find plenty of other ways to find financing. Yes like Min said, its great to have a plan but I would say the action is much more important - I did a few bad deals and learned so much more than I would have if I was just sitting on the sideline planning things. 

That is sketchy - if he had 27 motivated sellers he would likely wholesale them lol. I would never do that. 

 I was just thinking, as a realtor, I will sometimes just drive through neighborhoods that I like and sometimes, I will see a Pods container or a moving truck, or people working - If I see that, I will normally go knock on the door and introduce myself to see if they are making a move or not. I would say that is the biggest switch between D4D for investment properties vs a primary residence. 

Definitely a good idea to drive for dollars but if you are looking for a primary residence, it is likely that the sellers you are reaching out to will lack motivation. You could definitely get on their radar and have them reach out if they ever decide to sell. 

As for your question, you can get their info from propstream or whitepages. Just look up the owners in your county records.  The writing a letter is a great idea also. 

I wouldnt hold anything thats cash flow negative but its possible that it will cash flow really well if you can hold onto it until the interest rates go down. If it were me, I would sell it and reinvest into something that cash flows. 

Yes, you will have to give them a form. I always ask that the seller give them the notice to vacate. They likely already have rapport with them and it is much less awkward. 

The other thing that you can do is find a HML who will allow the seller to cover the down payment then seller finance the downpayment.

If you dont have anything liquid, its definitely a lot harder. Everyone says that you can do it with 0 % down but you really have to have your network down in order to be able to do that. The best way to do it if you dont have a network, is to find the deal, then post what you have to a group on facebook or seek out PML, etc. One group I am in has some lenders that do gap funding, I believe it is a subto group on FB. However, please be careful if you go this route! Especially if you make a post on FB. There are a lot of scammers there and I wouldnt give anyone any money at all without having vetted them thoroughly first. 

Yeah they are probably right, I like working with investors better because its more business based. Id say its very similar to working with non investor clients aside from a little extra work and baseline knowledge of investing / rehabs. 

Hey, I primarily work with investors on SFH / small multifamily homes. Im not sure exactly what to do but here is what I do: First I know my market really well which I think is the biggest factor in helping investors. Then I'll go video as many properties as they are interested in, send them comps for rental rates, ARV, and estimates for rehab. If they are new, I am happy to walk them through the process step by step. I also give them my recommendations on where the rental demand / rent rates are higher as well as where they can get the best bang for their buck.

After/during the transaction, I give them my contacts that they may need such as a cleaner, contractor, property management, etc. 

All this as well as keeping an eye out for off market properties and sending them over to the client even though we really wont get paid until they decide to sell it if you are still their realtor by then lol. 

Pretty much any way I can add value I will do it even if its a 50k house that will require that I put in hours and hours of work because investor clients are typically return customers.