All Forum Posts by: Michael Palavra

Veronica.

Given how passive you’d like to be in this endeavor. I’d highly recommend hiring a property management company. 

Will give you a great piece of mind (if you find the right one) and the value will also be there. Then, you can be as passive as you’d like. 

Quote from @Richard Jenkins:

Hello, I'm new to real estate investing and Bigger Pockets. I have started my journey of making connections for a OOS SFH in the Oklahoma City area but feel like I'm asking too many or not the right questions. I like to be thorough but I might be turning off potential agents. I don't feel that's right but each is their own. Maybe because I don't pull the trigger fast enough. I try to avoid as many mistakes as possible. So I'm posting this to hopefully make connections a different way.

Thank you in advance and look forward to all the help and advise.

Hello Richard. Would be happy to assist in any way possible. My wife and I are moving to OKC on the 5th. Would love to link up and answer any questions that we may be able to. We love RE investing and helping people reach their goals. 

Reach out if you’d like. 

Quote from @Nicholas L.:

Pretty good responses especially from @Russell Brazil.

I'll weigh in.

If you want deeper discounts look off market. 

More distress and higher risk.

Potentially more value add.

I’m with Nicholas here. Look at REOs, pre-foreclosures and any other similar off market scenarios. 

Also, if your goal of your investment a fix/flip or buy and hold? If you’re looking at buy/hold taken into account what your CoC (cash flow on cash investment) is. I.e. if you’re getting into a property for sale $30,000, but (after expenses your annual cash flow is $3,000) then you’re CoC annually is 10%. 

Like most people here said, run the numbers based on what your exit strategy is for that particular investment. Also, you funicular make an offer and they don’t accept, you always make another offer (if still enough margin left for you)

Hello Dave,

My wife and I would love to get to know your goals a little further and see if we may be able to assist in any way possible. We are moving to Yukon from Colorado and should be in town/moved by no later than 7/5. 
 
 We are investors ourselves, RE agents and GCs. Additionally my wife is our designer. Please feel free to check out our work (www.palavrahomeservices.com)