All Forum Posts by: Jeff Filali

It just depends on your preference.  Personally I prefer to control my own portfolio because I know I can generate higher returns myself.  But I see why many people choose the syndication route also.  I think a lot of people start off doing their own deals, and by the time they get to accredited, they just enjoy the deal making themselves, I know I do.  I use property management on all my properties, but I love doing the deals still.  At some point, who knows, I may decide to sell my portfolio and roll it into syndications...or may decide to start my own!!  Good luck!!

I've been using QuickBooks online for several years.  Very user friendly, customizable, and can track all your business ventures separated by "class" which is basically categories you set.  QBO also sinks with all your bank accounts, credit cards, etc that you use for your business. Finally, QBO helps save you time at tax time.  Good luck!!

College towns can be a unique market. Some are good, some are bad. Personally I would stay away from Stillwater.  Yes there’s the college and you’d think it was a great opportunity because of renting by the room.  But it’s a very competitive market, if you pull up current available rentals, there’s 257 empty units!!  To me that’s a lot considering it’s the middle of college semester.

@Guy Yoes Great response about Oklahoma and so true. 

@Todd Powell I’ve been on similar journey. Started in 2016 and now have enough monthly cash flow to be full-time in real estate and am basically semi-retired. Anyone can reach their #Freedom number, enough monthly cash-flow to offset all their expenses, if they just jump in with faith and GRIND!

Amen! Terrible numbers for sure.  I have a $150K purchase producing $2,950 mo rent. Cash-Flow is king, everything else is just speculation.  

I’m based in Tulsa Area, live in Broken Arrow.  Get some leads in OKC Area, but mainly Northeastern Oklahoma now. When I first started I marketed more statewide, and would buy anywhere the numbers were good.  Did some deals in Norman, OKC, Edmond, and up in Perry, & Blackwell.  I pretty much bought anywhere along I-35 from NORMAN on the Southend all the way to WICHITA Area on the Northend, and anywhere East of I-35, or North of I-40. Now I’ve seller financed all my properties outside of my core area, except two rentals in Perry.  My main market now is within three counties: Tulsa County, Wagoner County, & Muskogee. I usually just wholesale any good deals outside of that core target market. 

Truth!!  Oklahoma prices are great.  Your money goes so much further here. All my rentals are 2% or better and I have more deals then I can buy myself. I literally cherry pick and pass up a lot of deals that would be better then west coast numbers.  

I live in Broken Arrow (Tulsa Suburb) and own a lot of rentals. 

There’s a BP member out of Houston named Michael Plaks who only works with Real Estate Investors.