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30 March 2024 | 2 replies
It didn’t work out for me because according to the formula my “coach” provided, this deal did not include at least a 10% profit, and I didn’t care that it was a 6% profit, it was a good profit, and it wasn’t going to be the only deal, but I pitched it to the private money partners I was given access, but It wasn’t jumped on fast enough before another investor snatched it up for $1.3 mil all cash within a couple of days of my walking it.This was the problem with this “coaching” program… all my potential deals fell through because there never was at least a 10% profit, so I couldn’t get attention quick enough from the private money partners before another investor came in with all cash.
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29 March 2024 | 0 replies
I wanted to get some feedback from folks who are actively serving clients and see potential areas where their clients have unmet needs.Business intelligence solutions: Data visualization and storytelling to help clients make data-driven decisionsScalable finance and accounting workflow automation: Using ETL tools to streamline processes and reduce manual workOverall workflow solutions: Automating routine and manual tasks to increase efficiencyProcess-level written documentation and standard operating procedures: Ensuring consistency and clarity in business processesDynamic Excel workflows: Enabling users to model data effectively and efficiently at scale"From my experience, if folks have at least a sizable number of properties (25+), they could likely benefit from these areas to increase efficiency, reduce costs, and ultimately improve ROI.I'm eager to hear your thoughts and insights on the automation-related needs you see among your clients.
29 March 2024 | 0 replies
This blog explores the potential changes and how they might affect your investments.National Landscape: Potential ChangesLawsuits alleged NAR policies stifled competition, inflating realtor fees.The settlement could lead to a more open market with:Discounted commissionsTiered commissions based on property valueFlat feesHourly billingOklahoma City ImpactShort-term: Uncertainty, market fluctuations.Long-term:Increased inventory from lower seller closing costs.Shift towards value-added realtor services like targeted marketing and expert negotiation.Technology-driven platforms may offer lower-cost alternatives.Proactive Strategies for InvestorsStay informed about market trends and commission structures.Build relationships with experienced real estate agents.Negotiate commission rates strategically.Focus on long-term investment goals.Conclusion: Adapting to the Changing LandscapeThe national shift in real estate commissions signals a period of potential change for the Oklahoma City market.
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28 March 2024 | 4 replies
If it went any higher the argument for renting would become even stronger.The opportunity cost of tying up all that cash, time & energy is almost never worth it.One of the only times it makes since to finance your primary residence is when you know you are buying a property substantially under market, and reselling it.
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29 March 2024 | 4 replies
I would greatly appreciate insights into how this scenario impacts the original borrower's VA loan entitlement and any potential solutions or considerations I should be aware of in proceeding with this transaction.
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29 March 2024 | 2 replies
This is because FHA loans are assumable, which means that a potential buyer is willing to pay a higher price for a home if they can take over the existing low-interest rate mortgage.
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29 March 2024 | 3 replies
Tax Write OffsSo even if you aren't getting the positive cash flow, you are potentially making it up in the other ways.
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29 March 2024 | 1 reply
Hello biggerpockets,I am trying to understand all the potential *legal* issues I can run into by trying to split a regular single family home that is zoned as such into essentially a duplex with 2 separate tenants, one living in the house and the other in the basement.
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29 March 2024 | 13 replies
I learned a lot of about seeking out potential properties and financial analysis.
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29 March 2024 | 1 reply
This withholding is an estimated tax on your potential capital gain taxes.Estate and gift taxes: If a foreign investor buys U.S. real estate under their name, the real estate property will be subject to U.S. estate tax upon the death of the foreign investor.