All Forum Posts by: Samuel Fowler

Welcome to the BP community. Youre on the right track. Starting out with a house hack is a great way to go about it. Small multi in the 2-4 range has a very limited inventory in the Tulsa market. I definitely recommend getting pre-approved to buy so you can pull the trigger when something hits the market. Even in the realm of duplexes your options are limited and the good ones go fast.  Best of luck as you start out. 

Awesome, thanks Deren. Ill try to get this one on the schedule. Looking forward to it

Rubin, 

welcome to the BP community. Tulsa Market is great for buy & hold investing. check out our next local meet up, you should swing by and meet some local BP members 

https://www.biggerpockets.com/forums/521/topics/48...

@Yuriy Tymoshenko thank you for your feedback 

@Mary Ann Aulbur thanks for the tips

Hello, 

I am looking for some opinions on the contrasting options for new flooring install in my rental. The Kitchen, Living room and utility are needing to be refloored. The property is in a B class neighborhood but im renovating it to be a nice rental. 

I would prefer to install tile as the durability is higher. Just wanted to get an idea of thoughts from both perspectives of why to choose laminate wood and why to choose ceramic tile from a cost to durability standpoint. 

thanks for the help

Thanks @Ben Leybovich for the input. we havent actually talked numbers yet. Im not sure what rate he would need to have and what id be willing to pay. I am at the inception of the idea and was looking for some general counsel. I want it to be worth it for him but not excessive for me. I like the idea of an annualized rate that way its to his benefit if i go over the 6 month term 

Hello, 

just wanted some feedback from those that have been involved on using private financing to fund previous deals. I am not soliciting for an investor just for feedback. 

I am requesting $15,000 amount on a 6 month term in a relatively low risk investment. The full amount plus interest would be repaid when the construction/rehab note was paid off through a refinance to a conventional mortgage. 

The private investor is a friend of mine that has asked about working together with me on a deal. What is a reasonable interest rate to pay him for his note of $15,000 for a 6 month term. 

Thanks for your input and reasoning behind the numbers you provide

@Jonathan Beemer, congrats on pulling the trigger to break into the RE investing. Not having much credit can really hinder you, even with having the cash on hand. If your credit portfolio is thin i HIGHLY recommend starting to build that. Starting Yesterday! One of the easiest ways is through a secured credit card. 6 months history on a new credit card can boost your scores significantly. Be sure to keep your utilization low and all payments on time. cheers!

A lot of the clients I work with use Wolber home inspection services. They have very customizable  packages that can adapt to the exact inspections you are looking to have done 

Kathy - Office Manager

Wolber Inspection Service