Investor Army Podcast
Ep. 9 Buying wholesale deals in a competitive market with Taylor Weakly
Taylor Weakley is an incredible young man. He grew up around the business and he works in partnership with his dad, Terry Weakley, who is in business for over 35 years now. Primarily, they are hard money lenders. They do investment loans around Metroplex, they have rentals and do new constructions, buy wholesale deals and seal wholesale deals. They are really multidimensional with business, with them is not just one small way. They are based in Fort Worth Texas, but they work entire Dallas, Metroplex as well as Austin. Real estate is in Taylors blood, he enjoys it and he is very passionate about it! He is making a big name for himself. He is a classy young man, every time I meet him I am impressed. Tailor does not charge for his advice and he is always open for collaboration. His phone is available 24 hours a day, so feel free to call him, send him an email, or go to his website and fill loan application if you are interested in working with him. Tailor Weakley – 817-939-9436 taylorweakley@yahoo.com http://www.emeralddolphinenterprises.com/ Show Notes 00:00 – 04:45 Introduction. Taylor speaks a little bit about his background and how he started the business. 04:45 – 07:45 Tailors take on the current situation on the market. You need to get out there and you need to be fast! 07:45 – 13:20 Decision-making process and cost estimation. You have to be able to make a decision! The best deals are done in 30 minutes! 13:20 – 25:58 Power of having cheap capital when it comes to competing agents properties in a highly competitive market. You got to have multiple avenues to money available. Knowing that you have access to funds is really important. Look every single email that wholesalers send out! Find out which wholesalers in the market are doing a lot of joined venture wholesaling. Being able to close the deal quickly gives you a huge advantage. 25:58 – 34:34 Know your market. Recognise real deal! Have multiple avenues of leads coming in, from all different directions. When you shake a hand mean what you said. Reputation is really important. 34:34 – 41:10 Question numbers that wholesale marketers put on flyers, analyse each one. Estimate number of rehabs wisely and sell property quick! 41:10 – 42:38 You got to be available, you got to have the money together, you got to be able to make a decision, those are three key things when you are looking a wholesale deal. 42:38 – 52:12 How to approach negotiation with wholesaler and Taylors opinion about safety on market. 52:12 Taylor shares his contact information.