All Forum Posts by: Timothy Douglas

Not off the top of my head. My company is also a vendor to realtor (completely different area-we do transaction coordination), but I hear of a new company serving realtors at least once a week. Someone told me yesterday about a company that takes 3D matterport tours for agents.

My guess is there's going to be a bunch of competitors for Velocity (I've heard mixed things about them, if it's helpful) and a ton of local individual photographers who specialize in real estate. I'd do a bit of Googling for each neighborhood in Austin you're thinking about

Best of luck!

Thanks for the response. My issue right now is less about good photographers and more about companies, like computershare, who issue BPOs allowing me to use a third party, like Velocity REO, to take the pictures. Do you know any companies that issue BPOs that don't mind having realtors use third parties?

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Hi everybody. My name is Timothy Douglas and I'm looking to get started in the REO business. I'm going to start with broker price opinions for immediate cash flow and to eventually get REO listings! I'm getting some BPOs from computershare for the Austin area, but I'm in NC rn for a few months. I'll need somebody to take the pictures for me. Does anybody know of BPO companies that allow Realtors to hire third party photographers to take the pictures? I know Velocity REO takes pictures for realtors, but this seems to be taboo with most BPO companies.

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I did a quick google search, maybe this will help you.

Best of luck!

https://www.bankrate.com/mortg...

Just curious, are you planning on house hacking this house or just renting it out?

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Hi James, I don't have a bunch of experience in the tourist area, but I would love to talk a little bit more about what you're looking for and get to know you so that I can do my best to help you!

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Time in the Market is better than trying to time the market in my opinion. Buy a property that has some cash flow and make sure that you can hold onto it through a recession. If that happens, you'll be set. There are always good deals!

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Would love to chat and help you out! Have you checked out the book on house hacking?

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Originally posted by @Austin Miller:

Hi everyone,

I am a college student studying real estate currently getting my real estate license on the side. I am really interested in real estate investing I’ve read multiple of the bigger pockets books and have listened to a bunch of the podcasts.

I’m struggling with what I can do now as a college student with no funds- I realize I need connections and experience but, am struggling on where to find those resources especially in a pandemic.

I really appreciate any advice you guys would have to offer and thanks in advance.

My best advice to you is to secure consistent cash flow and then put some of it away. After college, you can get into a decent house with a house hack method and that will be your first rental. Then, invest extra cash flow into your second rentals in a cheap town, like Abilene Tx, or something. After that, start stacking up the rentals. Also, you could get your license and sell properties on the side while you're in college. You'll meet some people pretty quick. Go to meetups and chat with random people on LinkedIn or BiggerPockets to network. The best advice though is to always have cash flow coming in and write down a clear goal with steps to get there. I'd start with a house hack, so...

what do you need to qualify for a loan?

Where will you house hack?

How much money do you need for the downpayment?

What's your goal home price?

How many units? (1-4)

How much do you want to cash flow?

How much money do you need in your savings to feel comfortable in case of emergencies?

Start there and you'll get your next steps I'm sure.

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Originally posted by @Joe Evans:

@Timothy Douglas I don't get by! Which leans me towards buying a home regardless of the financial implications, although it seems it would also benefit me financially even if it were my primary residence. Assuming I buy right!

@Tom Wagner I like that take! I'll make sure I factor those numbers in when I make the leap.

@Jordan Moorhead Right. My music relies on having the space to make it and renting doesn't cut it. Although a primary residence would be the most accommodating for music, @Timothy Douglas might be onto something with the soundproofing. Will need to factor that into budget!

@Andrew Powers I produce electronic music, primarily in the house genres.

@Rick Reeder Thanks for the suggestion! Sounds like you and @Tom Wagner are recommending I buy as long as I'm smart about it.

This has been incredibly helpful everyone. I have more to think about and have regained confidence in the process!

Yeah, I really think the soundproofing thing could solve your issues! Let me know if you want to talk more about it!

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Originally posted by @Cristina Enriquez:

Thank you all so much!! Antonio, I am looking to invest in Houston Texas. Timothy, thank you so much for your recommendation I will look into them!

I actually want to really apologize. That comment was on the wrong forum. AYOP is for a licensing course. I can't help you much with Houston, but if you want any help in Austin ever let me know! If I come across anybody in Houston, I will let you know

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Originally posted by @Joe Evans:

Thank you all for the discussion so far!

@Allen L. Good call, I'm definitely going to do some financial analysis to help clarify the decision.

@Jacob Pereira For a more productive conversation: I have $20k total. Say I'm pre-approved for a 5% downpayment, whether FHA or traditional, for a $300k property, that puts me at $15k already. Now, 3.5% of $250k would be just shy of $9k which is obviously a different story.

@Tom Wagner You're getting at my dilemma there! Are renting an apartment vs buying a primary residence equal liabilities, or is one liability better than the other because it has the possibility of being an asset?

@Antonio Cucciniello @Andrew Powers @Jordan Moorhead @Timothy Douglas @Tina TsyshMy "Why" is the desire to spend more time making music, amongst other benefits of financial freedom. I experienced what you'd call a life event last year that made that "Why" a lot more urgent. To put it short, I need a space where I can comfortably be loud and not be concerned with disturbing neighbors, or even worse, my tenants! I don't think I can put music on pause for the hopes of doing it in the future, because that future is not guaranteed.

Would love to hear your takes on the above!

I guess my question is how do you get by in your apartment without disturbing other people? Also, there may be ways to outfit a specific room in your house that allows for you to be loud and not disturb others. HomeAdvisor told me it would be around 1,000-2,500 dollars to do it, but I don't know much else about it. It might be worth getting into a house hack and soundproofing a room. Why not build wealth in Real Estate and pursue your dream?

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All Forum Posts by: Timothy Douglas

Timothy Douglas has started 22 posts and replied 147 times.

Post: Broker Price Opinions Austin, TX

Post: Broker Price Opinions Austin, TX

Post: First Deal: Can anyone Give me any pointers?

Post: Mountain STR Location/Networking

Post: Buy now while interest rates are low, or wait until prices drop?

Post: Looking to Get Going Through House Hacking

Post: Advice for College student

Post: Buy home + spend all savings OR rent apartment + keep savings?

Post: Looking for investors ans real estate agents texas

Post: Buy home + spend all savings OR rent apartment + keep savings?