All Forum Posts by: Paul Choate

June 2017 Oklahoma City Meet Up

Noon 6/27/17

Dot Wo, 6161 N. May Ave., Oklahoma City OK 73112

This is a networking event. We are having lunch and sharing our current projects, successes and struggles. There is no speaker or expectation of participation on anyone's part. Please come and listen or ask questions. We discuss the local market and activities of the local investing community.

All experience levels are welcome. Most of the attendees have properties and are generally buy and hold folks. Most of us are in a growth phase. We welcome newcomers and those with little or no experience. I find myself motivated by discussions with a variety of individuals. We are basically a bunch of real estate nerds geeking out together.

Please let me know if you have any questions. Please let me know if you are coming so I can have a rough head count. Please come anyway if your schedule opens up and you did not tell me!

We are meeting on the fourth Tuesday of every month for lunch so put it on your calendars.

Keywords- Oklahoma City, Norman, Midwest City, Yukon, Edmond, Mustang, Oklahoma

April 2017 Oklahoma City Meet Up

Noon 4/25/17

Dot Wo, 6161 N. May Ave., Oklahoma City OK 73112

This is a networking event. We are having lunch and sharing our current projects, successes and struggles. There is no speaker or expectation of participation on anyone's part. Please come and listen or ask questions. We discuss the local market and activities of the local investing community.

All experience levels are welcome. Most of the attendees have properties and are generally buy and hold folks. Most of us are in a growth phase. We welcome newcomers and those with little or no experience. I find myself motivated by discussions with a variety of individuals. We are basically a bunch of real estate nerds geeking out together.

Please let me know if you have any questions. Please let me know if you are coming so I can have a rough head count. Please come anyway if your schedule opens up and you did not tell me!

We are meeting on the fourth Tuesday of every month for lunch so put it on your calendars.

Keywords- Oklahoma City, Norman, Midwest City, Yukon, Edmond, Mustang, Oklahoma

*Programming note: I will be out of town. Can someone please start the introductions? Thanks in advance!

https://www.biggerpockets.com/forums/521/topics/41...

We also meet in the evening on the second Tuesday. Hope to see you there! ( @JJ Gritts is the contact point for the evening meet ups.)

March 2017 Oklahoma City Meet Up

Noon 3/28/17

Dot Wo, 6161 N. May Ave., Oklahoma City OK 73112

This is a networking event. We are having lunch and sharing our current projects, successes and struggles. There is no speaker or expectation of participation on anyone's part. Please come and listen or ask questions. We discuss the local market and activities of the local investing community.

All experience levels are welcome. Most of the attendees have properties and are generally buy and hold folks. Most of us are in a growth phase. We welcome newcomers and those with little or no experience. I find myself motivated by discussions with a variety of individuals. We are basically a bunch of real estate nerds geeking out together.

Please let me know if you have any questions. Please let me know if you are coming so I can have a rough head count. Please come anyway if your schedule opens up and you did not tell me!

We are meeting on the fourth Tuesday of every month for lunch so put it on your calendars.

Keywords- Oklahoma City, Norman, Midwest City, Yukon, Edmond, Mustang, Oklahoma

February 2017 Oklahoma City Meet Up

Noon 2/28/17

Dot Wo, 6161 N. May Ave., Oklahoma City OK 73112

This is a networking event. We are having lunch and sharing our current projects, successes and struggles. There is no speaker or expectation of participation on anyone's part. Please come and listen or ask questions. We discuss the local market and activities of the local investing community.

All experience levels are welcome. Most of the attendees have properties and are generally buy and hold folks. Most of us are in a growth phase. We welcome newcomers and those with little or no experience. I find myself motivated by discussions with a variety of individuals. We are basically a bunch of real estate nerds geeking out together.

Please let me know if you have any questions. Please let me know if you are coming so I can have a rough head count. Please come anyway if your schedule opens up and you did not tell me!

We are meeting on the fourth Tuesday of every month for lunch so put it on your calendars.

Keywords- Oklahoma City, Norman, Midwest City, Yukon, Edmond, Mustang, Oklahoma

I do these for myself but it is not my area of law.  I would estimate it being under $500.  A title company might do it for a little less.  

In your structure, you need to have three things:

Deed, note and mortgage.  

The deed and mortgage are filed of record with the county clerk.  The note spells out your terms.  If this is your first one, I would have an attorney or a closing company draw the documents up.    

This can also be done as a contract for deed, but I like a deed and mortgage better as the buyer.  

Good luck. 

January 2017 Oklahoma City Meet Up

Noon

Dot Wo, 6161 N. May Ave., Oklahoma City OK 73112

This is a networking event. We are having lunch and sharing our current projects, successes and struggles. There is no speaker or expectation of participation on anyone's part. Please come and listen or ask questions. We discuss the local market and activities of the local investing community.

All experience levels are welcome. Most of the attendees have properties and are generally buy and hold folks. Most of us are in a growth phase. We welcome newcomers and those with little or no experience. I find myself motivated by discussions with a variety of individuals. We are basically a bunch of real estate nerds geeking out together.

Please let me know if you have any questions. Please let me know if you are coming so I can have a rough head count. Please come anyway if your schedule opens up and you did not tell me!

We are meeting on the fourth Tuesday of every month for lunch so put it on your calendars.

Keywords- Oklahoma City, Norman, Midwest City, Yukon, Edmond, Mustang, Oklahoma

I was able to buy one house per year for the first 4 years. After the 4th house, I was able to use the cash flow off the properties to accelerate my growth. The fifth year was 4 units because I was out there in the market and people knew I was an investor. I get deals now because of what I have done. If you are going to be in the $40k market with light rehabs and your goal is growth, make sure your cash flow is high and you will need the BRRRR strategy to keep your cash moving on to the next one. I have also found commercial financing has different rules on seasoning. I have also found it is hard to get 100% back out. I think that is related to my market with little appreciation. I chose to focus on fixers and forcing the appreciation. Even with that, I was not able to get much traction until I found private money. Last year was my 10th year and I added 30 properties with equity partners. I found my growth to be the hockey stick type and not really an inverted pyramid. It takes time to build your base and gain the experience so don't get frustrated when it has been a few years and you are still so far from your goals. It can change quickly.

December 2016 Oklahoma City Meet Up

Noon

Dot Wo, 6161 N. May Ave., Oklahoma City OK 73112

This is a networking event. We are having lunch and sharing our current projects, successes and struggles. There is no speaker or expectation of participation on anyone's part. Please come and listen or ask questions. We discuss the local market and activities of the local investing community.

All experience levels are welcome. Most of the attendees have properties and are generally buy and hold folks. Most of us are in a growth phase. We welcome newcomers and those with little or no experience. I find myself motivated by discussions with a variety of individuals. We are basically a bunch of real estate nerds geeking out together.

Please let me know if you have any questions. Please let me know if you are coming so I can have a rough head count. Please come anyway if your schedule opens up and you did not tell me!

We are meeting on the fourth Tuesday of every month for lunch so put it on your calendars.

Keywords- Oklahoma City, Norman, Midwest City, Yukon, Edmond, Mustang, Oklahoma