All Forum Posts by: Taylor Hudgins

@Andrew B. 3 solid apps in 6 days?  That's amazing!!!  Cheers to great tenants!  You may even want to play with increasing the rent next time you have a vacancy!  You never know what might work out!

 So good to hear!! Yes, Brandon Turner is a great author!  Brandon and Heather Turner wrote The Book on Managing Rental Properties too!  Also a great read if you're interested in self-management for your rentals!  Have you read any of his other books?

I totally know what you mean.  There are some great ones here that don't sell products that I highly recommend, but who knows!  There may be more by the 2021 comes around!  That's awesome that you host one there in Maryland!! The smaller group is always nice for building connections.

OMG! Congrats @Andrew B.!  How was finding your first set of tenants?  Did y'all have any easy time finding good folks?

Hi @Ronnie Allison!  Congrats on starting your investing journey early!  If you're looking for another great book, I highly recommend Think and Grow Rich.  It isn't investor specific, but it's a great book that any human should read!  It's a little wordy, but totally worth the read it.

Do you have any other favorites?!

Hi @Frank R.!  Congrats on moving on to your next deal!  

Definitely make sure to check with any condo association on their renting rules.  Some are totally fine with you renting out the property, some have restrictions, some don't allow renting at all.  And of course any condo fees!

For the 3bd/2 ba vs. 5+ bedrooms, they'd definitely attract different types of tenants.  The 3 bed/2 bath would be great if you're looking to rent out to smaller families (assuming it's in a mostly residential area) compared to the 5+ bedroom where you're probably renting out by room.

Are you planning to move to the Denver area soon?

@Tia Wilson Congrats on working towards your first investment!  It's a huge step!!

It really depends on how you set it up.  Many banks will have a conventional loan for the purchase and then a rehab loan separately.  You could also look for a commercial real estate loan which raps both the purchase and rehab into one loan.

Hard money lenders tend to also rap both into one lump sum loan if you're looking to go that direction.  Have you had a chance to talk to any of the local banks in your area?  That may be a great way to start!

@Marcus Ivery Of course! No problem at all!

@Nick Macklin That is awesome!  That is definitely something you can accomplish here!  There are also tons of great property managers and contractors in the area to help you build your team!!  

There also are some great investor meetups in the area once you move here.  They all are slightly different, but the you'll meet some other investors here that you might even be able to partner with in the future.  Do you go to meetups in the Maryland area?

@Qadre Lewis Of course!!! I'm only 6 months into being an agent so if you ever come across any good info, I'd definitely appreciate it!  Let me know how you like the book!