All Forum Posts by: Taylor Dasch

Thats awesome - a testament to having a good follow up system! 

Great detailed post- thanks for the info. 

Whats the end goal? To start learning about REI or just to work in the field? Depending on the desired pay, I would start asking some of the top agents in the area and see if they are hiring assistants or people to show houses for them. They typically have a lot on their plate and will hire on a salary as it is cheaper than offering commissions in some markets.

I would take this with a grain of salt as I havent done it. But I would go on zillow and reach out to For rent by owners. Also if you are a real estate agent, working with investors can really get you a decent amount of doors under management. 

Yeah definitely thats been my system is learn as I go aha. Are yall offering on properties listed on the MLS? Actually it may vary by state, but the option period in Texas is the period in the contract where you normally get inspections and can back out without penalty. After the option period if you back out you would likely lose your earnest money.

Definitely  cant put a price on learning experiences. I have the same idea as you and I think thats the best, most reasonable way. If you are really comfortable with the deal flow, the best way would obviously be to keep flipping / scaling up while gaining equity each time but its a lot harder as you never really know when the next deal may come. 

Its hard when your starting out and havent used the contractor as on their side they are likely wasting their time. If you cant get a contractor to go with you, there are guides to estimate rehab costs until you can get some solid numbers from a contractor. I normally do a rough estimate alone prior to the offer, then have a contractor quote it in option period - honestly I dont even do that anymore, I just go a little more detailed into the numbers and make sure they are around what my contractor normally charges. Then after closing I will give him the number that I was thinking for the rehab. 

I put my room on a few different sites - Roomie (or pad finder or something), Facebook, and furnished finder - if its furnished obviously. Mine is furnished and I seem to get more quality tenants from furnished finder

 Maybe try a BPO - this will be cheaper but not as detailed and should give you a general idea of the market - its much more expensive and time consuming to get an appraiser if your going to do multiple of them. 

 240k In Belton, TX. This is a 4/2 Can be converted into a 3/2 with a 1/1 with a separate entrance and the detached garage can be converted into another unit for 15k. Strong appreciation and rents in the area as well.