Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Wilco Ravestijn

Wilco Ravestijn has started 9 posts and replied 21 times.

Post: Anderson Business Advisors

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

I've recently enrolled in the Anderson system and so far I'm really pleased. It wasn't cheap however, one of the main reason I did it was because they combine their legal and tax teams to figure out the right strategy customized to your situation and goals. I've spent so much time and money with Attorneys setting up a legal strategy and they'd tell me to go find a CPA who in turn would offer tax advice contrary to how my legal entities were structured. These 2 departments usually don't converse well with each other. At Anderson they do and are strategically integrated in the overall strategy.

Another major factor that makes sense is that they don't charge hourly. Ofcourse it's a heafty chunk upfront but to me I like this. That means in theory, you become a priority. Essentially I'm buying into a strategic partner who is now vested in me. I'm big on building a life team and I needed someone like these guys in my corner. Included in my membership is unlimited tax or legal questions, Unlimited LLC set up, Document review up to 2x 15 page documents per month. This I was excited about because it saves me money. I usually end up spending $100+ with attorneys for simple questions and often they don't know my set up.

The way I broke down my decision to move forward with them was that I looked at how much I had to lose were there ever a situation that arose that I need asset protection and how much I gained in tax savings as well. Like insurance, you pay thousands of $$$ over the course of years where nothing happens, and then 1 incident happens and all of it pays for itself. That's how I justified the upfront cost. If you don't have a big enough asset base yet, wait until you do. Probably 5 years ago, I wasn't ready to sign on with them. But if you have enough to lose, why would you want to risk it by going cheap and patching things up disjointed here. It really is a complete system and I like that. I can go to 1 place and get this part of my life and business taken care of with confidence. 

Hope this helps. 

Post: Solo 401(k) Provider

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

I highly recommend Dmitriy at Sense Financial. I'm from Dallas but while I was in LA we had lunch and got to meet him. Great guy, outstanding service. Plus you get a discount if you're a member of bigger pockets. 

The difference is that Sense Financial specializes in helping their clients get set up right and provide continuing support throughout the year. You will get more attention from Sense Financial than the larger Etrade or other large brokerages. I recently did a transaction in my 401k account and SF support staff were their to assist and provide assistance.  

Post: Internet and Direct Mail marketing to buy houses as a Realtor

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

Thanks Wayne and Fred.

Post: Internet and Direct Mail marketing to buy houses as a Realtor

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

Thanks Guy. I've been in contact with my brokerage and working on obtaining more specifics from them. 

So far they've requested that I include their logo, name and number in all my marketing material for my investment business. I'm a big proponent of disclosure, disclosure, disclosure but at the same time, if Im trying to Brand investment company and market to purchase property as a principle and on all my marketing material I have to add an additional brand, won't it just become a bit confusing? 

Maybe I should contact a real estate attorney and just go over the various marketing material and media and ask for guidance so I don't violate any TREC rules or realtor ethics.

Appreciate your feedback.

Post: Internet and Direct Mail marketing to buy houses as a Realtor

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

Thanks Russell. 

Post: Internet and Direct Mail marketing to buy houses as a Realtor

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

Hoping someone can provide some guidance.

I'm a new Realtor (and investor) in Texas but I want to focus on investing in real estate by buying and selling as a principle, not an agent. 

Can I have a website such as wilcobuyshouses.com or can my Name not be in it. On the Trec site it's really confusing in relation to this issue. 

Are there required disclaimers for direct mail and for internet marketing or when, where and what disclaimers are needed to make sure a realtor/investor is covered?

Thank you in advance. 

Post: Home Value based on area rent and Owner finance

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

How do you establish home value based on area rents instead of using a CMA?

The home will be offered as owner finance so no bank qualification needed which is of greater value to a purchaser especially those that can't qualify for a bank loan. Rent in area is $1200. The note Principle and interest will be $1250/month NOT including insurance and taxes. 

I've seen this formula,  annual area average rent * 15. Is this correct?

Thank you in advance.

Post: What is considered a refinance?

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

Brilliant. Thanks.

Post: What is considered a refinance?

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

Lets say I purchase a property with one of the following or combination of the following methods: cash, revolving line of credit, private lender, credit cards or SDIRA. 

Then within a couple of months I want to establish a conventional bank loan on that property, this is not considered a refinance right?

I know there is usually a 1 year refinance restriction but the scenario I presented above is different and there are no restrictions with this, is my assumption correct?

Thank you for your guidance.

Post: 5 acres available for possible mobile home park

Wilco RavestijnPosted
  • Specialist
  • Dallas Fort Worth, TX
  • Posts 21
  • Votes 10

Wow, thanks for the article. Very helpful. Do you have any suggestions on what might be the highest and best use of the land?