Matthew Allen
Failing Forward? 1st mail out returns poor
1 August 2016 | 11 replies
I mailed hand addressed white envelopes with a printed letter with the home's address including a basic message and picture of my wife and I.In the month since I have received about 20 pieces back, 1 call to be removed from the list, 1 from another flipper who was trying to work some wonky deal to sell to me at basically market price then have me owner finance to the current tenant of the home, and 1 from the daughter of a seller who was going to speak with the seller then pass along my information (I've tried following up but she hasn't responded).I am confident in my acquisition abilities as I currently acquire pipeline easements from landowners in the oil & gas industry, but I need the phone to ring at a higher clip than 2 leads out of 500.
Shane Malloy
Colorado Real Estate Investor
3 February 2018 | 16 replies
Years ago, a Canadian friend invested $500k+ with someone in the Alberta market when the oil boom was going on.
Jordan Sutherland
2 off market deals in West Texas! Should I purchase them?
18 June 2017 | 5 replies
Was it caught up in the oil boom that hit Midland and Odessa or is something else at play?
Josh D.
"Subject To" Investing - Transfer Tax on Deed
28 February 2011 | 4 replies
If the Miami-Dade property is anything other than a single-family dwelling, the tax rate is $.60 plus $.45 surtax per $100 of consideration (or portion thereof).Examples of documents that may transfer an interest in real property include:• Warranty deeds• Quit claim deeds• Contracts for timber, gas, oil, or mineral rights• Easements• Contracts or agreements for deed• Assignments of contract or agreement for deed• Assignments of leasehold interest• Assignments of beneficial interest in a trust• Deeds in lieu of foreclosureConsideration generally includes, but is not limited to:• Money paid or to be paid• Discharge of an obligation• Mortgage or other lien encumbering the property• Exchange of property• Any other consideration which has valueWhen the consideration for real property includes property other than money, the consideration is presumed to be equal to the fair market value of the real property.Tax is due on the total consideration for the transfer regardless of the consideration shown on the face of the deed or other document that transfers the property.
Joe S.
Did too much bragging shoot a lot of people in the foot?
29 August 2023 | 31 replies
But unfortunately, "it's the squeaky wheel that gets the oil".
Pauline Jones
Finding leads using property scouts
23 May 2017 | 4 replies
OK, time for my Oil Drilling analogy;You own an oil drill.
Gary Morales
Land with mineral rights in TX
7 May 2018 | 0 replies
Property receives a monthly royalty check for gas and oil rights.
Thomas Taylor III
Rural Utah Rentals- Worth It?
21 August 2019 | 9 replies
They are a boom and bust oil area that has been in a bust since about 2014 but it will eventually turn again.
Michael Burke
Shared Laundry in Duplex
16 September 2019 | 7 replies
Your other option is have a Landlord Meter installed but that could get pretty expensive.Your only other option is to ask to see her electric bill then figure out roughly what the washer and dryer electric would cost should be able to roughly estimate it, then reduce her rent by that number.My property had this issue where the oil furnace was running on one units electric but i was lucky i had a separate elextrical box just had to get a meter installed, then have those items moved over to the new electrical box it only cost me $100 to get done.
Jim Kozlowski
Commitment for Title Insurance - what is it?
29 April 2016 | 2 replies
There could be exceptions that the title co doesn't cover (eg. oil/mineral leases from 15 years ago) that could come back to bite you when you go to sell the property again.