All Forum Posts by: Katlynn Teague

Shaniqua, I love to hear that! The best part about Bigger Pockets is that you are able to learn so much from everyone on these forums. I see that you are a broker, have you ever helped a client of yours find an investment property? Or do you know anyone that has invested?

I have found that many investors are looking to partner on deals to help newbie investors get their feet wet! When it comes to raising capital, private money is also a great option with lower interest rates and less hassle. Also, hard money is a great route to leverage the capital you do have however, it does come with higher interest rates and stricter terms.

There are lots of ways to get started, I wish you the best of luck, and keep us posted on your first deal!

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Quote from @Eliott Elias:

Building out systems and processes, from start to finish of a project. Rehab estimates are still in accurate and I am working on that currently.

Eliott, absolutely! The systems and processes are what can make or break you during a rehab! Are you using the same contractor for each project for your estimates?

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Quote from @Scott E.:

How did you get started flipping and rehabbing homes? What got you started? - I bought a turn key single family house from a house flipper as a house hack. After moving in I realized that when the house flipper sold me the home, they probably made like $30,000 for just a few months of work. At the time I thought I wanted to get right into buying rentals but became motivated to use house flipping as a way to build capital to buy rentals.

How have you progressed from your first flip to your current project? - After flipping a few homes I was hooked on taking old ugly 60 year old houses and making them awesome again. As a house flipper you are improving neighborhoods, creating jobs, building teams, and making money. It's a rewarding line of work. My current projects are much bigger than my first flip. And I now hire designers and and more skilled contractors to do the work.

Scott, I bet that was an absolute shock when you found out!

I feel like a lot of new real estate investors go for rentals before flips. Like in your situation, purchasing a property-to-house hack may come across as less stressful than purchasing a distressed property.

Your plan is exactly what mine is haha! Taking the capital from flips to purchase rentals and then having residual income each month.

I love to hear that it has become so successful for you. Flippers help communities so much by improving properties/neighborhoods, increasing values, building teams, and creating jobs as you said!

I would love to see some before and after photos of your properties!

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Good Afternoon BP,

How did you get started flipping and rehabbing homes? What got you started?

How have you progressed from your first flip to your current project?

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Quote from @Taylor Dasch:

Quote from @Katlynn Teague:

Quote from @Taylor Dasch:

I like the MLS listings that have been on the market for a while. Other than that, just hitting the normal lists as well as keeping an eye out for opportunities when I am out and about.

Taylor, absolutely. Have you found some of the MLS listings to be daisy chained?

Yes but rarely thankfully, they typically cant move them if it is on the market in the ones I have seen.

Great to know!

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Quote from @Lucia Rushton:

Quote from @Katlynn Teague:

Quote from @Lucia Rushton:

@Katlynn Teague if you are a realtor why don’t you work at a proper brokerage ?

Like you my experience is most wholesalers are not skilled, nor provide proper rehab costs, nor ARVs and over the last few years have taken most of the meat off the bone.

For seasoned investors it’s different, they have experience. But for new investors I don’t recommend it because they do not get to do any due diligence and no one is looking after their interest.

I also wish there was more integrity in the wholesale arena. As always just my opinion.

Lucia, thank you for the comment.

I do work at a very proper brokerage that is Nationwide. If you would like to do some research on us our company is Networth Realty and our website is NetworthRealtyUSA.com. Our brokerage was built upon integrity and class, which is why we have an A+ rating with the BBB.

I too have experienced wholesalers that are not skilled in the arena. These people are not active real estate, they pull comps off of zillow and propstream and have no idea how to calculate rehabs.

This is why our brokerage was started, we brand ourselves as a one stop shop. Everyone who works at our brokerage is a licensed agent, we have an extensive training period to learn all things wholesale and the investment side of real estate. We work with new and seasoned investors and a majority of our business is built off of repeat buyers. We are in this business to do good business.

@Katlynn Teague I hear you. I am very familiar with your company. Unfortunately as in the case with any large nationwide or franchise company, no two employees are the same or have the same training and ethics. And sadly, in DFW, we have encountered many unprofessional wholesalers from 'licensed brokerages'. Again thank you for your comments, and I know without a shadow of a doubt that you work tirelessly for your clients and are very success. Wishing you all the best,

Thank you very much Lucia, I wish you all the best as well. I am very sorry to hear you had a less than perfection experience.

1 Vote

Quote from @John Morgan:

@Katlynn Teague

Zillow and I use the listing agents. But have bought 3 off market properties in the last year to go along with 3 in the last year I found on Zillow.

John, that is great to hear! You have gotten very lucky!

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Quote from @Taylor Dasch:

I like the MLS listings that have been on the market for a while. Other than that, just hitting the normal lists as well as keeping an eye out for opportunities when I am out and about.

Taylor, absolutely. Have you found some of the MLS listings to be daisy chained?

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Quote from @Carlton B.:

All of the above but word of mouth with other investors and real estate pros is probably or best option. It's all about networking and being a good business person. People help us and we help them so our circle of investors/friends are our best source of deals.

Carlton, absolutely! You never meet a bad connection!

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Quote from @Luka Milicevic:

Right now pushing SEO and will go to PPC at some point once I'm happy with my website and getting my landing pages dialed in.

I'm also doing direct mail, but that has had some major diminishing returns lately. I do about 500 letters/month.

Wholesalers as well, but for the most part their deals are priced too high for me.

It's tough right now, but there are still opportunities. For the most part, I don't bother with the MLS anymore.

Luka, I am unfamiliar with SEO and PPC. What is that?

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All Forum Posts by: Katlynn Teague

Katlynn Teague has started 80 posts and replied 326 times.

Post: How did you get started flipping and rehabbing homes?

Post: How did you get started flipping and rehabbing homes?

Post: How did you get started flipping and rehabbing homes?

Post: How did you get started flipping and rehabbing homes?

Post: How are you currently finding your deals?

Post: What is your opinion on wholesalers?

Post: How are you currently finding your deals?

Post: How are you currently finding your deals?

Post: How are you currently finding your deals?

Post: How are you currently finding your deals?