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All Forum Posts by: Tanner Holligan

Tanner Holligan has started 4 posts and replied 9 times.

Post: Subject to Investment (Houston)

Tanner HolliganPosted
  • Posts 9
  • Votes 3

I’m looking to connect with investors to funnel leads to. I follow up with expired listings daily that would likely sell through creative financing (subject to) and need buyers to bring to them. If you are looking to invest in the greater Houston area, please do reach out. 

         I wanted to share to the community how appreciative I am to have a platform that supports drive and ambition to total strangers when it comes to obtaining their real estate goals. Approximately one month and 25 days ago I decided to obtain my real estate license and practice real estate in Houston. Well, I achieved that goal in under 2 months and have every bit of motivation and drive to succeed in my first year. I have found my Y, so to speak, and will continue to strive to be the best in my field. I owe a lot of my motivation and drive to this community and the podcast and hope that in the future I can mentor those who will seek guidance like I have and still do. 

Thank you to everyone, I hope you all can achieve your goals as well as financial freedom ! 

Post: Real Estate License

Tanner HolliganPosted
  • Posts 9
  • Votes 3
Originally posted by @Lucia Rushton:

@Tanner Holligan to add to the mix - my suggestion would be to be part of a team. You will have to decide on your commission split but if you are on shift then your team members can write offers and show properties. If, when, we become a buyers market then you can RE-evaluate your model but in this sellers crazy market - you can loose a lot of deals in a 24 hr period.

Go for it !!

 Thank you! Appreciate the advice, is there anything i should know about becoming apart of a team? What value does a new agent bring to a team, and what should I do in order to bring the most value to the team? Thanks!

Post: Real Estate License

Tanner HolliganPosted
  • Posts 9
  • Votes 3
Originally posted by @Dylan Eldred:

Hi @Tanner Holligan , I'm a real estate agent in Houston. I think you can make it work, I was working full time when I started last year. I was able to learn, network, and get my real estate business up and running before transitioning to being an agent full time. I think a key is leveraging people to help you, such as connecting with other agents who could do showings for you on days you're not available. Send me a message if you have any other real estate questions!

Absolutely, thanks for reaching out. How long have you been an agent in the Houston area? 

Post: Real Estate License

Tanner HolliganPosted
  • Posts 9
  • Votes 3
Originally posted by @Jonathan Schlimme:

Hey there - Texas is an awesome market to be in right now ! ( I just moved to SC from living in Dallas for 20+ years ) 

I definitely know a lot of fire fighters that run whole other businesses on their off days - so I think you can do it especially if your interested in making it happen - its going to be pretty intense though if you want to build up your real estate business - you just need to really leverage your relationships you have already built in your community - which I would think would be easy as a firefighter. Make it a part of your brand ! I just got my license too - good luck ! what part of Texas? 

 I actually live around an hour away from where I work. But I would be operating out of the Houston area!

Post: Real Estate License

Tanner HolliganPosted
  • Posts 9
  • Votes 3

 Hi everyone, I am considering getting my real estate license in Texas and am wanting to get more involved in the market. The only hiccup I have found from talking to other agents and investors is that as a full time firefighter, it may be difficult or improbable that I could be a successful agent being gone for 24 hours at a time. Any suggestions?

Post: Second Property Purchase

Tanner HolliganPosted
  • Posts 9
  • Votes 3
Originally posted by @Tsipora Smith:

Hey Tanner I think being nervous about pushing the envelope will always be an issue. But some thoughts are have you considered refinancing your current loan after purchasing your second property to give yourself more wiggle room? Also, what type of mortgage are you approved for under the second property you're currently trying to take down?

 The mortgage will be a conventional loan at 5%. And I haven’t thought about pulling cash out or refinancing my original property. I will keep that in mind. Thank you.

Post: Second Property Purchase

Tanner HolliganPosted
  • Posts 9
  • Votes 3
Originally posted by @Matthew Rolf:

@Tanner Holligan will the new construction cash flow at all when you move out?  I think the combination of little to no capex on the new construction in the first 5-10 years, Montgomery being a good area, and new construction renting easily should all benefit you.  Maybe build up reserves a little more before going to property number 3?

 The property will cash flow, based off the comps in the area. My main motivation behind new builds in a desirable area is for the growth in appreciation. Thank you for the input.

Post: Second Property Purchase

Tanner HolliganPosted
  • Posts 9
  • Votes 3

I currently own and rent a property I purchased 3 years ago on a USDA loan in the Mont Belviue area(just east of Houston), and cash flow 475 a month and am currently in the process of purchasing my second home in the Montgomery area(north of Houston) that is a new construction home. My plan is to live in this home for a year and repeat this process, but I am a bit outside of my financial comfort zone by pushing my DTI this way to build my portfolio. The vacancy factor for my property in mont belviue is covered by the rent but still makes me uneasy about purchasing a second home with the potential of maybe having to cover two mortgages and tapping out my reserve funds I have for the property (roughly 3 months rent). I'm not sure if this is a normal thought process and comes with the territory or if I will be making a big mistake. Thank you!