All Forum Posts by: Katlynn Teague

@Sam Bagwell THANK YOU! This is great information, there is absolutely alot more involved below surface level! I will be reaching out to you when I am ready.

1 Vote

Atlanta, Georgia

Quote from @Account Closed:

Quote from @Katlynn Teague:

Good morning BP,

I have seen a lot of posts about people wanting to get into wholesaling. Here are some things you need to know before starting:

To preface this post, I have been wholesaling full-time for a little over a year now.

1) Wholesaling is a full-time job, you need to be able to dedicate at least 40-60 hours a week to growing your business. This is not a "get-rich-quick" occupation. The best way to describe wholesaling is trying to move a 10,000lb rock, it takes a lot of time and effort that builds and eventually, you start to move. But the second you stop putting in the effort the ball starts rolling backwards. Be ready to have lots of early mornings and late nights of working hard to see success.

2) You have to stay consistent. This business requires consistency, time block your schedule to stay on track every day. On the days when things get tough, you feel like you've done everything you can and you're still not seeing results KEEP PUSHING. If this was easy everyone would be doing it. A lot of people are trying but only a handful can actually build a success.

3) Master your phone pitch! You need to sound professional, put together, and trustworthy. The first interaction is so so so important.

4) ABC ALWAYS BE CLOSING! In this industry, everyone is your client. You can run across someone in the grocery store that is looking to sell their grandparent's house ect.

I could go on, but if you are looking to get into real estate wholesaling and you have questions feel free to message me. I hope this little bit of information helps!

Happy Investing :)

But, but, but, they make it sound so easy if you will only send them money to get their special training kit. You mean, I have to work?

hahahah, absolutely!

0 Votes

Good morning BP,

I saw a post this morning that got me thinking about the biggest issue when it comes to flipping. The biggest issue many of my investors have run into is finding a great contractor. Finding the deal and the financing is easy but finding a great contractor is like finding a needle in a haystack. My question is for my experienced flippers...

How did you find your contractor and what made them the perfect choice for you?

2 Votes

Melissa, this is a great question!
From what my investors have told me is... CONTRACTORS! Finding a good deal is easy, finding a good contractor is like looking for a needle in a haystack.

2 Votes

Panama City, Florida

10-20%

You have gotten alot of good feedback on this post! The biggest takeaway I've gotten was it depends on your market, the rehab, and how you plan to finance!

0 Votes

Dallas, Texas

I recommend listening to your VA's calls and taking the time to sit down with them and train them your way. I would not rely on the place you got them to have trained them to their full potential, your VA is your teammate take the time to help your teammate succeed!

1 Vote

Houston, Texas

I would check with your broker!

0 Votes

Dallas, Texas

Absolutely change agents! Call the broker and let them know. An agent is held to the up-most standards to provide for their clients and if you are not receiving that make a change but also make sure the agreement you have can be terminated with-out any loss to you!

0 Votes

Newark, New Jersey

If you're not looking to sell, why engage? I understand the mailers are annoying, can't knock a hustle if someone is trying to grow their business or portfolio. I am sure he attached his information to the mailer, there is no harm or foul in calling and discussing potential options!

0 Votes

Aurora, Colorado

Good morning BP!

I went to the auction steps on Tuesday and started speaking with multiple investors about tax deeds. They have told me a little bit about the process. I am looking to purchase my first fix and flip next year but I am thinking that tax deeds may be a better option due to the lower buy-in cost. In Georgia, we are a right-of-redemption state so we would have a year waiting period if the owner does not pay the lein back.

If you have purchased tax deeds before what has been your experience and what would you recommend to someone looking to break into the space?

Thank you so much!

0 Votes

Atlanta, Georgia

All Forum Posts by: Katlynn Teague

Katlynn Teague has started 80 posts and replied 326 times.

Post: Tax Deed Questions GEORGIA

Post: Real Life Wholesaling

Post: Finding the needle in the haystack

Post: The Hardest Part of Flipping

Post: Rate of Return when flipping

Post: Why am I not getting Deals with my VA?

Post: I am Real Estate Agent, but my husband's LLC is selling the house disclosure.

Post: Will you change the agent?

Post: I've been targeted by a postcard mailer. I won't sell. Thoughts on engaging anyway?

Post: Tax Deed Questions GEORGIA