Andrae S Wiggins
New Investor looking to purchase their first property
17 January 2025 | 5 replies
Here’s why Oklahoma might be a great market for you:Affordability: Properties in OKC and Tulsa are often under $200K and offer strong rent-to-price ratios.Landlord-Friendly: Simple tenant laws make managing rentals easier.Growing Economy: Job growth in energy, tech, and aerospace fuels rental demand.How to Evaluate Deals:Run the Numbers: Ensure positive cash flow, check cap rates (6–10%), and use tools like the BiggerPockets calculators.Find Deals: Network with local wholesalers or agents, and look for value-add opportunities in stable neighborhoods like Edmond (OKC) or Broken Arrow (Tulsa).Let me know if you’d like tips on analyzing properties or finding deals!
Bob Asad
Anyone Have Success with Seller Finance & Terms?
8 January 2025 | 2 replies
It's a tip I heard from someone which I heard increases the response rate.
Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
Assuming:40 hours: W2 job56 hours: Sleep21 hours: Basic daily tasks= 51 hours potential REI time💡 Pro Tip: It's not about finding time; it's about allocating the time you have strategically.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.
Karen F.
LVP over very thin, hard carpet?
8 January 2025 | 3 replies
I'd use an approved underlayment.Pro Tip: If it's cheap, it's not good.....at least spend in the moderate range.
Denise Lang
Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
Any tips are welcome.
Richard Volkov
Could This Be a New Way to Invest in Real Estate Without Buying the Whole Property?
16 January 2025 | 39 replies
I’m not saying someone won’t get tricked in to either side of the bad deal.
Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
Specifically, I’d appreciate:•Wholesale contracts: Recommendations for templates or tips on using contracts effectively with sellers and buyers.
Vidit Maini
Starting my small business
2 January 2025 | 14 replies
Best tips are take it slow and make sure you have significant reserves when you leave your w2 also don't buy a company car if you already have a car just to say it's for work.
Anthony Maffei
How to Best Leverage $500k in Equity for Additional Income
14 January 2025 | 3 replies
My father is a certified contractor in NJ—he’s built one home, flipped four, and consistently handles upgrades and maintenance for me and his other clients.I’d appreciate any tips or stories from those who’ve turned equity into a profitable venture.
Ricky Moore
First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property
16 January 2025 | 2 replies
Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!