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Taelor Salmon is a successful real estate investor and realtor who has built a portfolio of over 10 units valued at $6 million. In this interview, Taelor discusses her journey into real estate, starting with reading "Rich Dad, Poor Dad" and joining a real estate team to learn the ropes. She shares her experience buying her first "ugly house" and using the HomeStyle Renovation loan to build equity. Taelor also talks about her early challenges with managing rental properties, the importance of mentorship, and the benefits of being a realtor while investing. Throughout the conversation, Taelor emphasizes the importance of taking a long-term, patient approach to real estate investing and not getting discouraged by initial setbacks. How to find her: IG- / taelor.salmon Tik Tok- / taelorsalmon #RealEstateInvesting #FlippingHouses #BRRRStrategy #DCRealEstate #fhaloans Watch the FREE Out of State Investing Training -https://www.outofstatemoney.com/ Become a member of this Youtube Channel- / @samdolcine Download The Remote Landlord's Toolkit- https://www.outofstatemoney.com/the-r... Download The Creative Financing Playbook- https://www.outofstatemoney.com/the-c... Free Resources Download my free guide, How to Buy Your First Rental Property in 2024- https://www.outofstatemoney.com/how-t... Download my free guide, 8 Steps to Buying Your First Out of State Property- https://www.outofstatemoney.com/long-... Download my free guide Top 10 Down Payment Assistance Programs- https://bit.ly/dpassistance1 All resources- https://blackrealestatedialogue.com/p... Follow on Social Media Instagram- / blackrealestatedialogue Tik Tok- / blackrealestatedialogue Some of the links and other products that appear on this video are from companies which I will earn an affiliate commission or referral bonus from. This is at no additional cost to you. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Timestamps 00:00:00 Intro 00:04:38 What program did you use for your first home? 00:10:34 How to work with Contractors 00:17:45 Expanding her portfolio 00:23:53 How to work with wholesalers 00:26:59 How to Calculate the ARV (After Repair Value) of a Home 00:34:25 What is a pro forma and cap rate? 00:38:58 Challenges of managing rental property 00:42:03 How to work with Hard Money Lenders 00:53:36 Did you become a realtor before you started investing? 00:57:57 Washington DC Real Estate Market Update 01:02:11 DC Realtor's tips for new investors and house flippers This video is about: how to flip a house for beginners,real estate mentor,real estate,housing market,washington dc real estate,maryland real estate,dmv real estate,real estate agent,realtor,first time home buyer,first time home buyer programs 2024,fha loan,how to flip a house,black real estate dialogue,black real estate dialogue podcast,real estate investing,investing for beginners,real estate investing for beginners,real estate market, section 8 real estate investing