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All Forum Posts by: Taylor Hudgins

Taylor Hudgins has started 11 posts and replied 203 times.

Post: Houston BRRRR Referrals

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

Hi @Mitchell Dyer!  I'm not in the Houston area, but feel free to also look under BiggerPockets.com > Network (at the top of the page) > and filter by service.  They'll give you the ability to filter by zip code from there for the Houston area.  Let us know how it goes!!!

Post: What are Pre-Rent Holding Costs?

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

@Mikael Anwar That is such a great book!  It's been awhile since I read it, but Kyle is right.  It would be all of your costs before the tenant placement.  This is usually a bigger deal if you have to rehab a property first meaning you'll have both rehab costs and have to pay for utilities, mortgage, lawn maintenance, etc. during that time period.

Best of luck in your investing!  Have you read the Book on Managing Rental Properties yet?  It's a great one if you plan on self-managing!  Highly recommend.

Post: Finding the right house hack.

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

Hi Orlo!  Congrats on moving to Norfolk!  Depending on the kind of deal you're looking for, an agent could help or even a wholesaler in the area.  I'll send you some contacts.  Welcome again to the area!!

Hi Ali! Congrats on looking into house hacking in Norfolk! I would definitely use FEMA maps to look into flood zones. I would avoid flood zones (and even properties near flood zones) if possible. Do you currently live in the Norfolk, VA area?

Post: Realtor and Investing Coaches

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

Hi Ronnie!  I'd say it all depends on what you're looking for from your coach.  I did the self-coaching program from Brian Buffini and it was great to get a solid start!  Buffini also offers one on one coaching if that's something you'd be interested in as well!  I haven't personally done the one on one coaching but I've heard great things about it!

I'd also recommend finding a few successful people within your brokerage or some successful teams that you could join in your area.  It's always great to learn from people that are already rocking the business near you.

Post: New investor. Should I get my own RE license?

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

I think it really depends on how active you are as an investor.  There are lots of fees that come with being an agent, but if you're doing 20 deals a year, then it can definitely be worth it!  If you only are purchasing once a year, then it may be worth it to wait.

Our mission is to support and inspire WOMEN real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where WOMEN have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all WOMAN investors achieve HER financial freedom goals on her OWN terms.

Join us for the May Virtual InvestHER Meetup on May 21st at 7pm! Melanie McDaniel with Freestyle Capital Group will be introducing us to the topic of Apartment Syndication and how we can become involved as investors ourselves!

Melanie McDaniel is an apartment syndicator and an apartment investor herself! She's been working with real estate investors for the last 3 years and has great experiences in the world of investing.

URL found under Events Tab of The Real Estate InvestHer Community Facebook Page at: 
https://www.facebook.com/groups/therealestateinvesther/events/

See you there ladies!

Taylor

Post: Getting first BRRRR property through a wholesaler or alone?

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

Hey Dylan!  I'd suggest doing whatever works best for you!  If you have the time and space to wholesale for your own deals, then definitely go for it!  You could even wholesale off the deals that don't work for you.

If you have another full time job or anything else that prevents you from being consistent with it, feel free partnering with up with a current wholesaler.  Just make sure to still do your due diligence before closing on the property and you'll be good to go!

Post: Where do I start? Minneapolis Area

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

Hi Luke!!! Congrats on such a solid financial foundation!  You're off to a great start!

You don't need a license, but you can get one later on if it would be beneficial for you!

What are your goals?  Are you looking to flip or buy rentals?  I would definitely suggest starting with education through podcasts, books, youtube, etc.  Once you feel confident with the basics - start building your team such as lenders, real estate agents, and contractors (if needed).  And then you'll be able to rock and roll with putting in some offers!

Post: BRRRR: When do you buy insurance?

Taylor HudginsPosted
  • Real Estate Agent
  • Posts 209
  • Votes 115

Hi Ryan! Yes, usually you will purchase insurance on the property before you close on the house. Congrats on your first BRRRR!