All Forum Posts by: Lee Haskins

@Rodney Phillips

Are you trying to sign the loan in your personal name or with an entity name? That will all the difference in the type of loan you are wanting to pursue.

Next Happy Hour is April 10th at "The Barrel", from 6PM-9PM.

4308 N. Western Ave.

@Steve Vaughan

“If your why is just to earn $x,000 per month, it's not enough to take the punches RE can give you. You will stay down. It's a strong why that gives the energy to get up and push on.”

I re read that over and over.  That is very well said.

Travel the areas you want to buy, look for the properties that needs help.

Contact owners and make offers

Joel,

@Jay V. is an investor/realtor in the metro. Great guy that knows the perimeters of a great deal.

@Chris Bussum, congrats to you on taking the leap. I just surpassed my 1 year mark and learned so much along the way. I am self managing as well and started with the OREC contracts that they have available. For the most part they are pretty solid but there is always more addendums that can be added to fortify your lease agreements. Once you get going you can always start incorporating your own contracts that suite you best.

As far as your advertising, anything you can think of. Facebook, Craigslist, Real Estate sites, Signs, Community Boards, etc. 

I primarily invest in Moore and would be happy to help if you need anything.

Good luck!

@Chris Biltoc, no shame in not having a mentor. I started less than a year ago and have learned so much since and still learning. There is always something new to learn but figure out the "One Thing" you need to do right now and run with it. Be it financing or buying your first investment property, just dive in and focus on what you need to do to accomplish your goals.

There are a lot of great investors in the metro that are helpful with information. Meetup has plenty of local groups with different times and days to make it easy to go to a few investor meetings that fit your schedule.

Good Luck!

There are quite a few groups that Meetup regularly around the metro. There are a lot listed in Meetup and each one has different times and days so there is plenty of opportunity to fit your schedule.There are a few Facebook groups as well for OK investors.

There is an app called Zoom that allows video teleconferencing for multiple users. I have used it a few times and the functionality is fairly simple. I used it from my cell phone and didn’t run into any issues, although I was on WiFi at the house.

I would be interested in this as well if they were scheduled in the afternoon.

Regardless of what a bank will require for their loan, I would establish one for your own personal benefit. 

Take the time to evaluate what you want from your business and use that to set/adjust goals. You don't need to over complicate it, just give yourself a clear picture of what you want your business to be successful in.

As for a more direct response, it depends on the loan officer and bank guidelines.

My current banking institution did not require a business plan but I have spoke to a few that want a little more paperwork  than I had to provide at the current one.