All Forum Posts by: Taylor Dasch

There are awesome answers in here, I searched this topic to try and find some other ways for lead generation.  After trying FB ads, and paid-for leads, I will say that cold calling is probably up there next to being in front of someone and talking to them in terms of quality leads.  You can make a connection with a person through cold calling and that will help tremendously where if you just get their name and email from FB or another company, and then send them cookie cutter emails then your exactly the same as the other agents.  This will set you apart and put you one step ahead of the competition hopefully.  Keep in mind I havent even done a deal yet as a new RE agent, but to me logically it makes sense.  Combine making the connection with the person with a personalized email regularly and they will probably pick you over the competition who got their email somehow and dont even bother to keep in touch with them. 

@Yakir Sheli I’m not sure either but I assume people are going somewhere because they just took expired s off the list:(

@Bruce Cline that’s awesome man if they are in a good area that typically means there are better renters, if your not needing the money now I always say buy and hold but it depends on what your goals are.

Depending on your goals, as a new investor, property taxes only matter in the analysis of the deal.  So analyze a property in Texas, Include all expenses including property taxes, then determine your cash flow and cash on cash return. Then analyze another market with all expenses included and see which one works better for your long term and short term goals.  It is definitely a lot harder than it sounds since there are some bad areas and you have to be able to find out which ones are bad or have someone to find that out for you. 

Yes sir it definitely is, and in my limited experience, this is the easiest part of the process.  To me it has been a challenge learning the business, using different forms, and  lead generation.  I was already very familiar with my market but that is only a part of running the business, it has really led me to exploit my weakness such as marketing, getting out there and talking with people, reading contracts all the way through lol. 

Hey, I am a new realtor as well and had the same questions. I did a lot of research and ended up with Keller Williams.  I dont have any baseline of how other companies are, but KW has been amazing so far.  The group i am with does not provide leads, however the training is outstanding.  If you want to learn and grow your business, i think KW is a great choice.  Through my research the other highly recommended Real Estate brokerages were Remax and Exp realty.  They all have their advantages and disadvantages, its really up to you to research and then decide which one works best for you. 

The guy above me is right on with paying as you go. I personally havent used a GC before but I have looked, and you have a lot lower chance of getting burned if your contractor has a good reputation, lots of reviews, references, satisfied customers etc. 

Local banks should be able to refinance with a fixed rate I would assume. You may just have to call each one and then if they say no ask them for recommendations, that is what I did when I was trying to do a HELOC on an investment property and found some really good options, although HELOC is hard to get on an investment here in Texas. That is odd that they are not offering it, although I'm a new investor as well and not too sure. Depending on your reasoning for staying local you would definitely have a lot better options if you expanded your search. I just refinanced one of my investment properties with Andrew Postell, who is a member on here, and it was extremely smooth, when I checked, his interest rates were lower than about 7-8 other banks that I had spoken to before him.

Bryan Noth and Jonathan greene, Thanks so much for the info! I also am considering staying in my market in Temple and just moving to Georgetown as its only like 40 minutes.  You guys are a huge help.

That is a great idea Mason, and thats also what I did- side note I am doing a cashout refi on it and getting 70k back!!  For my situation, the landlord policy was not more expensive however it makes logical sense that it would be. Your numbers are pretty conservative for 1986 I think but you never know so thats good!  Any positive cash flow is good in my opinion especially since it is appreciating very well. I know its probably an emotional house for you ( mine is also) but try and run the numbers on what your monthly cash flow would be if you sold the property and used that money to buy 1-3 investment properties. idk your market but in mine that extra 150k could easily buy 4 (maybe 5) properties that would cash flow a minimum of 250 but most likely 350-400/month. Hope this helps!