All Forum Posts by: Taylor Dasch

I wouldnt, so long as you have your requirements laid out - they should be able to know if it is even worth applying. Also I have done it in the past whenever I had a change in plans and they never had the opportunity to actually be selected. 

The only thing that I really care about is room on the deal. A lot of wholesalers lock it up at 75% - repairs and then try to move it at 80% - 85% - repairs. If your market is buying at that number then thats perfect but thats not the case here. I would say know the numbers and then bring an actual deal to the investor. For me on wholesaling, if I make 5k I am good with that. I usually try to get 10k but sometimes its not possible and I would prefer to make something and give the investor a good deal rather than make nothing trying to move a bad deal. Also, having a rehab budget already laid out with explanations on how you got the numbers would help and is definitely a plus when I look at deals even though I typically wont use their numbers it at least shows a little more effort. 

Definitely would be ideal for where I am at right now, the hard part is actually finding a private money lender! I have a close friend who does them for me but she can only do one at a time. The ones in the Facebook groups seem to be scammers.  I think a post on unique ways to obtain PML would be beneficial!

Aha it seems like every time I sell one of mine its the time. Which is a lesson learned for me because I need to plan things out and recognize issues faster. Logically, I would care more about getting the best price but not overpricing to where the home sits on the market. 

I personally wouldnt work with a discount broker on the list side as there is a decent amount of money that goes into presenting a good listing. I consider myself a discount broker, listing at 1.75% on my side but my listings still have professional photos, videos,open houses, and marketing. The marketing isnt that important in my opinion but the professional photo/ video is a huge game changer and I dont believe that someone is going to make much profit at .5% on the listing side. Also, in TX at least, only licensed agents are allowed to show properties and some of them even have locks specific to realtors. Unless you are talking about selling your own listings that way. I am not sure of the rules on that. But what you stated seems like it could be a good idea. Best of Luck!

For me, it would be how do they source deal flow - cold calling, google ads, fb ads, etc. 

Some flippers use the same finishes on each project, however, the best way (in my opinion) is to flip with the comps.  This way you dont overdo it or under do it for any given project. Just copy or use similar finishes to what has sold in the area. There are some exceptions in each market where the neighborhood is really nice and there are a huge variety of finishes / price points but I still would want to be with the comps of whatever price point I am shooting for. 

Definitely a good way to look at this, I have not done this in the past and had to pay for it! Thanks for the post. 

My socials are terrible, so I am not the best one to take advice from on here but wanted to talk about how it has helped me. I have posted my closings, my personal life ( piano, dogs, etc), and reviews that I have. I think it all depends on what you are looking to do with the social media / how you want it to help you. Do you want other people to reach out with deals or do you want to educate other people on how to be an investor? For me, I had no goals but found that two of the deals that I did, the seller looked me up on FB and said that they felt good about me pretty much because they got to know me through videos / posts that I made and I suppose that it built trust with them. 

Aha yeah I dont really trust flippers to do the repairs correctly - Even with my own flip I was tempted to cheap out on it but you always pay for it in the end! I believe that if you are well versed on a specific market, or have someone who is knowledgeable in that market, you can do a successful BRRRR in another market as the local will likely have everything you need to get set up!

Also, if you ever have anyone looking to invest in TX, let me know, I will hook you up on the referral fee! 

Also side note, I wouldnt say I am an experienced investor - I have only done 6 personal deals so far -  but definitely knowledgeable in my market!