All Forum Posts by: Taylor Dasch

I'm not sure if you can get them written off but I would assume you can. Most agents are willing to take whatever the seller is offering, commission has always been negotiable. If a seller isnt offering a commission to BA, they will likely not be able to sell the property. I would just make it a talking point with the realtor, you shouldnt have to pay for their services as the buyer even with the new rules. 

Theres plenty of sites that will do the background check, I use smart move. Always be sure to call the previous landlord - I have had a few times where they put fake landlord names ( their friends ) or lied about their standing with their landlord in the application. For a mentor, Id just try and find someone who needs help who is already investing and try to help them in whatever way you can. 

Thats awesome that you are starting so young! This is a great place to get information. Good luck on your goal and definitely take action! You wont learn everything before you start and once you start you will learn much faster!

I would use HML / PML for the initial purchase and rehab, then try to refinance into a conventional mortgage or DSCR.

Keep learning until you get the amount that you want saved up and you are ready to go. Its good to be a planning person in Real Estate - I'm not and I learn lessons the hard way. I would use the roth IRA to show as reserves if that is possible then use the money you save for the down payment. I'd stay with my family as long as possible if I could go back! Definitely a good idea to go for a MFH.

As far as planning, once you get into it, you will realize you dont really need that much to start buying houses, but I think it is a good idea!

Definitely hire a realtor that is an investor as well, they will be able to guide you through the process!

Hey, I am not sure about your local market. But as a general idea, building to rent will be less cash flow than if you bought a resale property. I think developers do well when they sell, but in my opinion is more risky than a typical flip due to the time that it takes.

Welcome, this is a great spot to learn and meet clients! Good luck!

Spend a set amount of time educating yourself and then jump in is my advice. A lot of people just play the waiting game and never get started. Once you get started, you can learn more and get hands on experience. Good luck!

100% and this pretty much applies to everything lol. 

I think that it depends on the closing date and how long it will take the HELOC to close, I know that if I could go back, I would have done a HELOC a long time ago, it can be a great asset to build you portfolio and if I were you and I had the option, I would doi it regardless of the outcome of this next deal.