All Forum Posts by: Nick Taylor

Originally posted by @Lucia Rushton:

@Nick Taylor. You are on the right path. Keep plugging away meeting people and telling everyone your plans and goal. They will help you !

Originally posted by @Paul K.:

@Nick Taylor Definitely all the BiggerPockets books - super helpful, easy to understand, and actionable. I'll read a chapter then get so excited about real estate that I have to put it down and just take action. Same thing with the BP Podcast - I listen to it every day in the car/gym/etc. I'm relocating to Dallas next month and just went under contract on a SFR house-hack in Plano. I'll be the first to admit it wasn't a great deal, but it should work out just fine as a house-hack.

Would love to connect and learn together!

-PK

Originally posted by @Haley Powell:

Originally posted by @Nick Taylor:

I'll definitely give it a read! I saw your post too the other day, seems like everyone is moving to Dallas! With that there is definitely more potential but like you said, also more risk. Have you decided what you're going to do yet? 

Originally posted by @Haley Powell:

Set for Life by Scott Trench! Good for outlining what to do but, as said above, doesn't help you get a deal in a fast market like Dallas. On the other hand, DFW doesn't show a lot of signs of slowing down (from what I've read), so there's a chance you could get something on appreciation, but relying on that is risky.

Set up your keyword alerts for Dallas and you'll find like a minimum of 5 people every week posting about how they are moving to Dallas and want to know where to buy :) The competition isn't slowing down so don't wait around. I have found an agent in Dallas who has investing experience and I am going to meet with a group here in OKC that facilitates investing and also does property management. I will see what is on offer and call some mortgage lenders to see what I qualify for before ruling out any options. David Greene messaged me and said he'd buy in OKC while I'm here and then save up for another year and then buy a househack in Dallas. If my (unsubstantial) funds work I may make a go of that but it's all going to come down to what kind of loan I can get and what properties are available. 

Moral of the story: get your ducks in a row ASAP. Start checking Zillow, learn what you're looking for, begin running numbers even if it's rough just to practice. Also get your financing lined up, I'm in a bottleneck right now because my realtor wants to know what my budget is and I have no idea what I qualify for. You, me, everyone and their aunts are trying to find a househack in Dallas right now so you don't want to get caught flatfooted.

Originally posted by @Arnie Lawrence Newton:

@Nick Taylor what steps are you taking on this real estate investor marathon?

Originally posted by @Alice Huang:

@Nick Taylor

Congratulations Nick on taking action of your future by taking your first steps: getting help!

In terms of house hacking, I would suggest also looking for housemates/roommates perhaps on Facebook for groups there who are looking for rooms.

Originally posted by @Mike Burkett:

@Nick Taylor  Nick, what are you studying at SMU?  I'm needing some help.  Maybe we can help each other until you graduate.  Please reach out to me if you might have some interest in talking. 

So if you're using SEO to find these off market deal, I'm assuming you're taking on more of the wholesale approach to investing? As for friends, man I would love to do the whole thing and be around my friends but I'm gonna have to side with Neil on this one, I think the risks outweigh the rewards but I appreciate your insight!! 

Originally posted by @Adam Mitchell:

@Nick Taylor I agree with Neil on the strategy. I am a RE investor in DFW and have developed a system for off market deals through SEO. Let me know what kind of property you will be looking for and the area and we will make a note.

Dont feel bad about asking friends for rent. You will be providing a cheaper option to them then living in an apartment on their own and it will be fun. I did this back in the day and it was a great way to pay a mortgage down fast.

Originally posted by @Haley Powell:

Set for Life by Scott Trench! Good for outlining what to do but, as said above, doesn't help you get a deal in a fast market like Dallas. On the other hand, DFW doesn't show a lot of signs of slowing down (from what I've read), so there's a chance you could get something on appreciation, but relying on that is risky.