All Forum Posts by: Dani Beit-Or

@Horacio Gutierrez did u find anyone? 

@Nidal Daraiseh these day we are active in Nashville, KC MO, Houston and DFW

OK is a state? where in OK?

I have been investing on and off in OKC for 15 years. I'm not local to OKC/OK. Mainly in nice areas (Norman, Edmons, Yukon, Piedmont, Mustang, OKC NW) and nice communities.

As much as I like OKC as an area as an investor it has done very little growth-wise vs so many other areas I have invested in. , and for that reason, I decided to not focus on OKC.

I'm sure mu OK friends 

It really depends on the terms of the note. 

Typically note don't stipulate note holder health. 

Let's say that due to your dad's health they give you a note for 5 yrs. so in five years, the note is due.

I can see a situation were note can be called, by design./agreement, w/in X mounts, but you would be agreeing to those terms. For example note for 5 years and after 5 years 10 months notice to pay the note. 

And if X = 2 than why would you take such a note but if x=10 you have time do react (keep in mind that economy could be not in your favor when you have to pay the  note back)

1. You dont have to be an agent to submit an offer

2. Instead of thinking of making offers I suggest you make ONE offer (maybe use an agent's help) - once you do . . . .things will be clearer

Few things (in addition to what @Dominic had rto say):

1. From my experience you can do 20% down although 25% may be a bit ore beneficial. 
2. I did not see any allocation for vacancy.
3. I did not see a leasing fee expanse. 
4. In today's environment (April 2019) 4.5% for a rental property is none-existed and you should assume 5%-5.25% (4.5% if more a rate a homeowner will get not an investor).

As for ROI:

After many year of investing in rentals and analyzing rental properties I use the following to calculate a more accurate ROI:

1. Cash on cash 
2. Return on equity 
3. Not know appreciation but minimal inflation 

BTW, the analysis I use (see photo) measures the performance over 30 years and produced averages for the first 5/10/15/20 years of the property as measuring the fist year is not really a good indicator. 

CLASS BY REAL ESTATE EXPERT DANI BEIT-OR

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Reg: https://simplydoit.net/ocfeb2019

AGENDA

6pm – Registration

6:15pm – POWER Session*

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THE REAL ESTATE LANDSCAPE OF 2019

• A time perspective on what it means to invest in real estate in 2019
• Demographic trends that will affect your investing in the next few years
• Hot Tips! Choosing the right metro.
• Type of properties should you invest in now
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A 45 minute session with Dani Beit-Or, open for investors who want an opportunity to ask questions and discuss real estate matters with Dani and other investors.

You are invited to bring your questions. Such as:

• Should I use an entity?
• Should I flip or rent?
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• Etc. (… any other questions! Take advantage of this special opportunity.)

ABOUT Simply Do It’s GUIDED REAL ESTATE INVESTING

Guided real estate investing is a hands-on approach to real estate investing created for beginners. Rather than only providing courses, we guide you through the entire process from pre-purchase to post-purchase.

Once we help establish your goals and create a custom strategy, we help you select your investment property, guiding and teaching you every step of the way. We believe that beginner real estate investing shouldn’t be taught in theory but in practice.

With experts by your side, risk is mitigated and training is much more effective.

ABOUT THE SPEAKER

Dani Beit-Or: Investment Expert

This event is facilitated by Simply Do It founder, Dani Beit-Or, an investor and leading figure in residential rentals and flips. Based in Southern California, Dani has been investing in out-of-state properties for over 15 years, and has been involved in over 2,500 transactions.

More importantly, Dani was once just like you: new to the investment world and uncertain about how to get started. Since then, he has learned what works well and what doesn’t in regards to investing, and dedicates himself to sharing his extensive knowledge with those who are enthusiastic about real estate investing and are eager to get started.

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Reg: https://simplydoit.net/ocfeb2019

Hi, 

I'm looking to install smart home devices in two of my houses. Nest's package is about $2k.

Wanted to know if any one has experience w/ Nest, and if you know of other providers that have a variety of items for a smart home (and not just the security ones). 

Also, if any one has experience w/ using items from different provider (google, nest, ring, Honeywell, etc.)  and if they all work together /communicate? 

TY

These, and I'm sure you have more, questions are all good. 

From my experience you should start w/ a "self assessment" because there are many options open to you and you can easily get dragged and join the wrong (for you) investment "herd".

$500k can be used for a flip in S CA or maybe 4-8 rentals in other states or maybe 2-4 rentals locally.

1. Are you an active or passive investor?
2. How much time you have to put in? When buying? When holding?
3. Would locally be better or out of state for you/your personalty? 
4. Are you buying cash or w/ a mortgage?
5. What's your experience level for flipping? for rentals? 

As an example $500k can used towards both one $200K flip and 3-4 rentals (or more) - but do you have the bandwidth to do all at once? 

Once you know better on which investment strategy to focus on than some of your questions will e better answered, such as the use of an LLC, or which state.

I know sometimes we are looking for simple answers such as "open an LLC in TX and buy 2 rentals for cash" - while that could be the right answer for you, the question is "is it?"

Hope this helps.

@Samson Tefera turn it into a rental. hold for X months - to a year . . . sale and 1031.

If you are invested cash into the deal you can also refi and use to cash to continue investing while you wait to sell your flip-rental.

Best of luck