All Forum Posts by: Katlynn Teague
Katlynn Teague has started 81 posts and replied 327 times.
Post: Another day another deal!
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
Investment Info:
Single-family residence wholesale investment.
Sale price: $225,000
From contract to close we made this deal happen in 9 days! I sold This adorable 3/1 with 1,200 sqft to a first-time investor. She purchased this property cash and with a solid rehab budget of $75k, she expects to be out of this property in 4 months with an exit of $375k+
Post: Tax Deed Questions GEORGIA
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
@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.
Post: Real Life Wholesaling
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
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!
Post: Finding the needle in the haystack
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
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?
Post: The Hardest Part of Flipping
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
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.
Post: Rate of Return when flipping
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
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!
Post: Why am I not getting Deals with my VA?
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
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!
Post: I am Real Estate Agent, but my husband's LLC is selling the house disclosure.
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
I would check with your broker!
Post: Will you change the agent?
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
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!
Post: I've been targeted by a postcard mailer. I won't sell. Thoughts on engaging anyway?
- Real Estate Agent
- Atlanta, GA
- Posts 344
- Votes 209
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!