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27 January 2025 | 8 replies
I know that you do a great job smoothing out any "rough spots" in the lending process, so that certainly helps when the deal starts to go sideways...
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16 February 2025 | 44 replies
I have the insurance on it I cut the grass I pay the taxes They could have done all that but instead turned into a zombie house.
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28 January 2025 | 6 replies
Yes, Oklahoma is a great market to consider, especially for multifamily properties:Affordability: Oklahoma City (OKC) and Tulsa have duplexes and small apartment buildings within a reasonable price range.Landlord-Friendly Laws: Makes property management less stressful.Stable Cash Flow: Properties in Oklahoma often meet or exceed the 1% rule, providing consistent rental income.Growing Economy: Both cities are seeing population and job growth, boosting demand for rentals.Tips for Getting Started:Do Your Homework: Use tools like BiggerPockets calculators to analyze deals and ensure cash flow.Focus on Neighborhoods: In OKC, check areas like Yukon, Edmond, or Midwest City.
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20 January 2025 | 1 reply
However, aside from that, I couldn’t find much information about them, and the only online presence seems to be the wife’s LinkedIn profile (though I’ve never met her in person and am just going off her profile picture on Zillow).After submitting the application through Zillow, we attached our income (two months of pay stubs for each of us from our current jobs), work references, credit and criminal background, rental history, and the contact info for our current landlord (who just so happens to be my fiancé’s father).
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8 January 2025 | 10 replies
I have little confidence in turnkey providers, deals are already hard to come by, if they take another 20% cut before.. much better to buy a property from an owner that is in good condition.
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22 January 2025 | 10 replies
.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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20 January 2025 | 37 replies
Our long term goal is to purchase and move to a remote ranch and for me to be able to quit my job around 40 years old.
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29 January 2025 | 9 replies
Someone who has a Great job that does not allow them to move, would never be tempted to move.
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24 January 2025 | 0 replies
The next one was also a corporate cash buyer and after our second call, the acquisition manager confessed to me that he just got the job and asked me if I could train him on how to evaluate a deal!!!
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23 February 2025 | 39 replies
Great job!