All Forum Posts by: Robert Ok

Quote from @Julia Lyrberg:

Hi Robert,

Instead of investing in expensive coaching programs, I’d highly recommend diving into some well-regarded real estate investment books. They’re a fraction of the cost and packed with valuable insights. Books like “The Millionaire Real Estate Investor” by Gary Keller, “Rich Dad Poor Dad” by Robert Kiyosaki, or “The Book on Rental Property Investing” by Brandon Turner can give you a solid foundation in REI strategies, including wholesaling.

Most of the content offered in coaching programs can be found in books, free webinars, forums like BiggerPockets, and YouTube channels. You’ll save a lot of money and still build the knowledge you need to succeed. Start with books and self-education before considering any paid courses!

Hi Julia,
Do you think the concepts from the BiggerPockets book The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing is outdated?  It was published 2015.  I linked it up. that's the one you're referring to?

nobody from BP or anywhere has urged me to read any particular book just to be clear.  I was merely browsing Amazon and saw quite a few that grabbed my attention.

I'm in a non-disclosure state and was scouring through YouTube to find a workaround for pulling comps in a non-disclosure state.  I found the below video which was endorsed by a seasoned real estate investor (Matt Larson).  Now the jist with the workaround is that instead of using the actual sale price, it recommends using the value under the "Listed For Sale" line.

So is this an advisable value to use in lieu of the actual price that usually appears at the "Sold for" line in Zillow (if the state was non-disclosure).  The Youtube video is below.

what's up fellas. So for the Comps you make to arrive at your ARV something that jumped out at me was the adjustments. E.g. you could have adjustments for extra garage, carport, bedroom, etc.

So when doing Comps for a typical wholesale or Flip deal how many of these adjustments do you typically run into? What's really the practical situation.

** Strictly restricting this for when doing comps between properties in the same sub-division **

Quote from @Jacob St. Martin:

Hey Robert,

This is a good question! I would say that most of the information in that book is still relevant, but many of the numbers will be outdated. For instance, depending on your location insurance costs could be much much higher than indicated in the book, construction costs are a lot higher, etc. 

Also I will note the ideas of what constitutes a "good" investment mat not be the right advice for anyone. For instance, someone making $500k a year and living in a very highly appreciating market might be extremely happy on a deal that loses $200 a month but is getting 5% appreciation on a 2 million dollar property in San Diego, butut that doesn't make sense for the investor with 30k and a lower paying job.

When it comes to the book series I agree with you that the order doesn't make sense (having read both). One thing to remember is that while BP is amazing, it is a business owned by a VC firm. They know who their primary audience is, people who are broke, newly interested in real estate (maybe from tiktok), and want to get rich off of possible income without putting in the effort to make a bunch of money. The other book you mentioned caters more to that audience and gets people hooked on the idea that they can invest in real estate with no money and then teaches them how in subsequent books. 

I didn't think it is necessarily a bad thing, just is more of a sales strategy than anything else.

why do you think that the concept of investing in real estate with 0 money is an "idea" instead of a real thing.  Is it not the actively working and realistic practice used all the time? We're all talking about the creative financing, asset-based lendings of the world right?  I'm curious what your skeptism is about this practice considering you've been in the REI world a while.

Hi all, so for the book (full name below) which is designated as the BiggerPockets Rental Kit, 2, is the information it holds still current? I mean given that it's practically 9+ years old.  If the information is out of date is there a follow-up book you folks can recommend so I can make up for the gap of this original version?

Also, how come this 2015 version is designated Rental Kit, 2 while it's companion book written in 2020 is designated as BiggerPockets Rental Kit, 1? Please guys, pardon if this is a rookie question. I'm an REI newbie.

[Book Title As Listed On Amazon]

The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing (BiggerPockets Rental Kit, 2) Paperback – Illustrated, October 28, 2015
by Brandon Turner (Author)

Heh all,

I'm a newbie and loving what I've been picking up in REI so far. Question for the experts here is which are the top three Real Estate Investment coaching programs that are known? Could you please share this info for two categories.

#1 Please share the best general coaching program that covers all the Real Estate Investment domains.

#2 What about the best focused coaching program that covers Wholesaling.

Also, is there a list where these REI coaching programs are listed and rated?

Cool. Thanks. It makes sense. Specifically for the rent-to-own model do you know which components go into determining "strength of the deal"? Is there a best-practice on how to do this or can you share pointers from experience?

Quote from @Nathan Gesner:

Quote from @Robert Ok:

So for the upfront costs (e.g. Option Fee, Security Deposit, etc) can you do it with no money out of pocket? Is it advisable to do it with no money out of pocket? If it is what is the workflow to find the funding?

You can if the seller agrees to it. That would be foolish for them to agree to, but I've seen sellers do it. 

There are a lot of podcasts with Cody Davis, a very young guy that learned how to buy commercial property with zero down, seller financed. Here's his BP podcast:

Ok. I get the gist of the seller financing thing.  Can a Hard Money lender also take care of the upfront costs for a rental?

So for the upfront costs (e.g. Option Fee, Security Deposit, etc) can you do it with no money out of pocket? Is it advisable to do it with no money out of pocket? If it is what is the workflow to find the funding?