All Forum Posts by: Katlynn Teague

 Bob, I am sorry to hear you had a bad experience with both a relator and wholesaler. There are good and bad fish in everyone pond. It's all about asking the right questions upfront and basing wether or not they are a good fit for you and what your objective is. Before you sign a contract to have a relator represent you make sure it is someone when your best intentions not just a friend of a friend. Same thing can be said with wholesalers, its a new fad that everyone wants to be a wholesaler. But not everyone can be, hopefully the ones tarnishing the image for the rest of us will be weeded out soon.
When I work with my buyers, I ask them questions to see if they would be a good fit for me not the other way around. I also don't represent my clients in the transaction of purchasing homes from our cooperate. But I can re-list for them on the backend. 

Having the understanding of your market is the most important piece of the puzzle, to know if a particular property is a deal or not!  

Good morning BP,

I have a couple of questions this morning

-What is your opinion on wholesalers?

-Have you had a good experience when working with a wholesaler?

-What has been your biggest draw back from working with wholesalers, when purchasing properties to flip?

I am a licensed real estate agent who works at a national wholesale brokerage. I started this path to build capital so I can start purchasing my own properties to build a rental portfolio. As well as learn from the investors I work with, make connections in the industry and learn real estate investment from the inside out. My company has a five-week training course that teaches you all of the ins and outs of the wholesaling business. The training is intense, but the training also never stops and that is what makes me good at my job! 

However, I have many... "wholesalers" reach out to me who really do not have a clue in the world what they are doing. These people bring me daisy chained properties with inflated ARV's, laughable rehabs and obnoxious sales prices. All of this to say, that these kinds of wholesalers tarnish the reputation of the wholesalers who are in this business to help people on their path to financial freedom. I have seen many investors cringe at the word wholesale because they had such a bad experience with one in the past and officially write wholesalers off.

I absolutely love what I do, I love getting to meet people that started with nothing and were able to build an empire for themselves and their families. I love helping home owners who are on the verge of foreclosure pay off their debt to start over. Families who had a house fire and lost everything, being able to give them a fresh start. I also love helping people on their journey to financial freedom while helping them build that generational wealth. 

With that being said, What are your thoughts?

Quote from @Bill F.:

Quote from @Chris Seveney:

@Katlynn Teague

Nothing. Two non correlated asset classes.

 Before I read this thread I would have thought the same thing, but after testing that assumption, it turns out to be incorrect, at a high level they are correlated, and relatively strongly. 

Rough hypothesis, there is an exogenous variable tying these together. My bet would be interest rates. If I get the time, I'll get monthly fed funds rate and throw that in to the mix. 

 Bill, thank you so much for taking the time to test this question. Great information here! 

Good Afternoon BP,

I hope everyone is having a productive and busy day.

Atlanta has been named the TOP market to invest in for 2023 according to the National Association of Realtors. So what are the market conditions looking like here at the moment?

According to FMLS there were 2,840 residential sales in January of this year, which compared to the same time frame of 2022 was a 37% decrease. However despite the decrease in sales volume, average and median sales prices have been on the rise! In January of 2023 we have seen a  0% decrease in median sales price and a 1.5% increase in sales price compared to 2022. Inventory in January of 2023 we saw at 48.8% increase compared to January of 2022. The massive jump in inventory came from the influx of new listings, which totaled 5,687. Although new listings were down 11.2% compared to January 2022. The month's supply over a 12-month period decreased to 1.8 months, indicating a continued seller's market.

The Atlanta market did face a challenging start to the year, from the changes in mortgage rates and low inventory levels. The trends observed in January 2023 indicate it is still a seller's market. With inventory low and increases in prices, sellers can expect to receive a good ROI. For buyers, it is essential to act quick and make competitive offers, as the market is highly competitive with an influx of buyers.

Data and Information from Norada Real Estate Investments

 Absolutely, thank you for the feedback. It was not a generalized statement that all real estate investors invest in crypto and bitcoin. I was curious to know what the investors who do invest in both would think about the change. I should have clarified that more in my original post. 

Good Morning BP,

Atlanta has been named the top destination for real estate in 2023 according to the National Association of Relators! 

How is this you ask?

Atlanta has better affordability, a large percentage of renters who are qualified to buy, robust job market, strong tech sector and a plentiful amount of remote work! 

So what is stopping you from dipping your toes into the Atlanta market?

Investment Info:

Single-family residence wholesale investment in Atlanta.

Sale price: $220,000

Beautiful 1970s built home that was sitting vacant and owned by the family. This house sits on a corner lot with solid and quick selling comps. Walked my investor and her contractor through the home and I showed them every possible play. This house has so much potential and lot's of different plays. Needless to say, we signed contracts in the driveway and the house is set to close Wednesday! I can't wait to see the after of this one!

 They are two very different asset classes however, there are investors who do use both. Investors are able to leverage the capital made in crypo to invest in real estate. 

 Alex, thank you so much for taking the time to answer my question! 

This is helpful information, I knew there had to be a little bit of a correlation. Most investors are not one trick ponies. 

I would highly recommend PPS Property Management, they are fantastic and take care of absolutely everything!