All Forum Posts by: Luke W.

Welcome to BP!

I figured it would mirror population and such, just thought it would be really interesting if it in fact didn't follow suit. Thanks for the info, Josh!

I was just curious which city and/or state had the most Bigger Pockets members. There seems to be a decent amount from Oklahoma and it just got me thinking about other areas.

I would actually say the finance route. However, that's just speculation as well. I have a degree in finance, and I just feel there are more high paying jobs in the finance industry than in marketing. Or at least, that the high paying jobs pay higher, if that makes sense. But, I can't say anything on outlook having not researched it recently. What are you wanting to get in to would be the best question, I think?

Welcome to BP! You'll find everything you need to know right here! I would agree with Zach and Jeff, this is definitely more of a buy and hold market. Not that the flips can't be done, they just aren't as prevalent.

I have been wanting to grab it off amazon, I just keep forgetting. In the podcasts they have mentioned they are currently revising/updating it.

That's great! Nice find!

Welcome to the forums! Be sure to search or ask for any question you may have, it's great here!

I just put "and/or assigns" after my LLC name on the first page of the contract. Under the provisions part I usually put "contract subject to acceptable inspection by buyer", "buyer to pay all closing costs", and whatever clause you really feel you need. I'm not 100% sure I have to, but I'm fairly positive I do, but I also put "buyer is a licensed Realtor."

You can really put whatever clauses you want into the contract, but you may have a hard time getting some things to fly if they are obviously weasel clauses. If you'll email me from my signature below, I can send you a copy of a few different contracts I use depending on if it is an REO or FSBO, what have you. I am also, by no means, a lawyer or a highly successful wholesaler. But, I do have some decent experience, and it would be a good start.

My guess is that they just made a higher offer. Once it closes you can always go back and see what it sold for. Then maybe you can adjust accordingly? As stated above, you seem to be doing it correctly.

I just got an REO under contract, and in the contract I put "Listing agent receives all commissions." Just waived mine. The Realtor called me and told me to take it out of the contract because it doesn't away the bank at all. In my head I just laughed. Not because I think she's wrong, but because no I get half of her commission and the property. Oh well.

Hope that the next one works out for you!