All Forum Posts by: Taylor Dasch

Great read- google ads is definitely I something I will be trying this year and next year! 

Welcome, are you a PML? My biggest challenge right now is deal flow as I am trying to get into flipping and the sale side is pretty rough in my market currently. 

Thats awesome!! I think you can start the course now and be ready to go when you turn 18 but Im not sure. You can read through the forums here, see what resonates with you, then pick an investment avenue that you would like to get into!  You can also call realtors and see if they have any work you could do in exchange from learning from them. Real estate school literally teaches you nothing at all thats relevant in the business. 

They will have a reclaim period or something like that where they just have to pay you whatever you put in + interest. I am not too familiar with investing in tax auctions but I am starting to look into it as well. It could be a decent option to get a deal. However you will have to wait at least 6 months If I am not mistaken. Unless you get the owner / Pay the owner to sign something that says they arent going to reclaim the property. 

Do you ever get anything up north? I am looking at deals in Temple, Belton, Killeen and Waco. 

This is a great place to start out! There are so many different strategies and you can find a lot of people who have done what you want to do. Good luck with everything and I hope it works out for you! 

Interesting, how is the cash flow going with rent to retirement? I imagined that it would be insignificant / negative with the property being turn key already. 

BPs calculator is good and I like to use it. But I still dont use it for ARV / comps. The absolute best way to get an accurate ARV / comps is to reach out to a realtor. They should provide you with comps for free and can also help you in many other ways. Even if the deal is off market I dont ever mind sending comps to my clients, it takes like 5 mins.

Its really not that hard, the main thing is selecting the right tenant. Be sure to use a good background check and go through it - I use smartmove but there are a lot of different ones and I think BP has one as well. I think renting it out is the way to go if you will cash flow well from it. But if your going to be losing 500-600 / month, it may be better to sell the place. I think its definitely feasible to manage yourself if you just have the one property, it may be slightly more difficult from out of state but you can definitely still make it work. But I wouldnt continue with the rental if it is negative cash flow. 

Interesting, I was thinking about doing this as a strategy for flipping, just using a HELOC to purchase/rehab then build capital until I can just switch to cash. Did you find it difficult to obtain the HELOC? Looks like a great deal!