All Forum Posts by: Katlynn Teague

 @Adam Macias I got it sold and closed today! Thank you so much!

Investment Info:

Single-family residence wholesale investment.

Have you ever seen a more beautiful burn out? This was my second wholesale deal and it was a beater. I got my buyer approved with two hard money lenders that then decided they would not lend on the deal.... Thankfully he had the capital to close this beauty with cash.

Sales Price $65k

Rehab $135k

ARV $290k

Good morning BP! 

What is the best way to connect with end buyers? I have been using facebook, instagram, connected investors, BP, and throwing bandit signs. Just difficult trying to figure out who is a legit buyer. I have 20 properties a month and my goal is to find a buyer for reach one. Is there a better way to find buyers or is there another stream I should utilize? 

 @Trent B Paul Thank you so much for all of the helpful information, I am really focused on trying to find quality buyers right now. Is there another program to use for that? Thankfully I work for a wholesale brokerage with AA's that find the properties, so my goal is to find a buyer for every one of them. When I get moved to acquisitions I will absolutely utilize Mojo alot of my team uses them as well. 

 @Steven Foster Wilson Thank you so much! 

Good afternoon BP!

How did you make your wholesale business pop? What were you doing everyday that helped you grow the most? 

Being new into the wholesale space I am always wanting to learn as much as I can. There's always more you can do to grow your business. Also, if anyone wants to hop on a call I am more than happy to do so! 

Thank you so much in advance! 

Good morning BP and GO DAWGS!

When purchasing an investment property, what you you say is the better advantage buying in a LLC or buying in a Trust?

I know when buying in a Trust you are able to avoid state and federal fees upfront to be able to establish. However, they do not offer great asset protection, can can costly and timely to establish, and lastly financing and managing can also be more difficult. Trusts are used as repositories for assets that will be distributed to beneficiaries after the death of the original owner.

When buying in an LLC states require fees in order to establish or register within that state. If an LLC owns a piece of land in a state, it must be established or at least registered in that state. There also no exceptions to that rule. LLCs are a type of business entity that shields owners from liability for business debts and avoids double taxation while providing for a flexible structure to manage the business.

Would you consider one better than the other and why?

@Brandon Rabe Thank you so much!

 @Galen Ikonomov Thank you so much Galen! 

Good evening BP, my name is Katlynn! 

I am a freshly licensed (AUG 2022)  agent here in the Atlanta market and I work for NetWorth Realty of Atlanta. . I joined NetWorth Realty (National Wholesale Brokerage) to learn the ins and outs of the real estate investing world, my grandparents have properties all around Georgia and Saint Maarten. My goal is to have properties like them and gain financial freedom. Since working at NetWorth I am now specialized in selling fixer upper in the Atlanta and Metro markets. I have learned so much about real estate investing in these short six months then I ever thought! On a daily basis I get to work with experienced investors, contractors, inspectors, lenders ECT. Everyone has been so helpful in walking me through different processes and I can't wait to learn even more. I hope by then end of this year or beginning of next year I will be ready for my first flip. In the mean time I will continue to build my wholesale business and continue learning more from anyone who will teach me! So if you or anyone you know is looking for a fixer upper feel free to reach out to me, I would love to help you!