All Forum Posts by: Jeff Filali

99.9% of everything these type programs teach, you can learn right here on BP, or by using Google, and YouTube.  Those programs are designed to prey on newbies, and no newbie should ever pay for basic information.  There are some more advanced programs, that maybe more advanced investors may benefit from when it comes to scaling, etc.  But IMO, save your money, invest it in marketing and deals. 

@Greg Neuman If you do what you're proposing on land contract, you wouldn't be technically refinancing in the bank's eyes, you would be purchasing at that point.

Personally, when purchasing with seller financing, I don't like to ever purchase without deed transfer, or at least using a deed of trust.  So, I do not like to use a land contract.

Just contact a local real estate attorney and they will be able to help you.  I wouldn't recommend trying to do this on your own without an attorney, especially your first seller financed deals.

Good luck!!

 I'm NOT an Agent/Broker, but am a local investor who lives in Broken Arrow.  

• As for recommended realtors, there's several BP members who are experienced realtors/brokers in Tulsa/BA areas.  @Deren Huang is one who's highly involved in Tulsa area, and also is an investor himself, if he can't help you, he can definitely recommend someone.
• As far as signing, no, they should be able to set up a "remote closing" for you to sign locally to you.  I've purchased/sold many properties to/from out of state investors, and they never had to come here.

Good luck!!

@Alec McGinn The Millionaire Next Door should be required reading by every young aspiring entrepreneur.  Also, Bulletproof Asset Protection teaches about asset protection, Who Moved My Cheese teaches about dealing with change, How to Win Friends and Influence People is one of the best books for personal development.

 Depends on the property, usually $50 or $100 ran over 7 days will get it done.  You can really target just that market, likely to move, renters, income level, age, networth, etc.  Same when selling a property, can go with higher networth, income etc.

Absolutely. I always post on all the free sites (Craigslist, FSBO, For Rent, etc) and Facebook local For Rent/For Sale pages first. If I do not get enough calls pretty quick, I do a paid ad on Facebook targeting specifics that fit my property. That always gets a ton of contacts, and is worth the money.

There's usually local REIA groups that have meetings, or meals, etc. Also check to see if there's any local facebook groups of RE Investors in your area. Another way is going to property auctions. Just always be networking and letting people know what you do and your network will grow. Good Luck!!

Work with any who bring you good deals.  You'll find a few good ones who are very good at consistently bringing good deals that fit your criteria, and a lot more who just have overpriced crap with inflated ARVs and low repair estimates. 

TruePeople and Facebook are both free and are the only two I use unless someone owes me money.  You can find most people through one of those two

@Ray Loveless Oklahoma is a great market.  Property prices are lower to get into, but increase in value, and our property taxes are very low here.  You can find deals in the 1.5-2.0% rental to price ratios.

The median home price in Oklahoma is $113K with 4% growth rates the past year and a lot of areas are easy to rent for 1-2% rates or more. The best markets are: Edmond, Norman, Moore, Jenks, Bixby, Broken Arrow, Owasso and other parts of Tulsa & OKC. Also, our property taxes are very low in Oklahoma compared to other states.

Rented.com ranks the best — and worst — markets to buy a second home based on potential return on investment, and recently listed Tulsa as No. 4 nationally. 

Realtor.com "When it comes to home sales growth, bet on Southern Cities to beat the national average in 2018. We’re especially looking at you, Tulsa, OK, Little Rock, AR, Dallas, and Charlotte, NC. Those markets are expected to see 6% growth or more, compared with 2.5% nationally."

MarketWatch's report 5 Worst & Best Markets for First-Time Home Buyers had Oklahoma City ranked No. 1 and Tulsa right behind at No. 2 best Market in the Nation for First-Time Home Buyers. The 5 worst markets were all in California (Anaheim, Riverside, Stockton, Long Beach, and Oakland).

CNBC reported in their recent report The 15 Cities Where You Can Live Really Well on $60,000, Oklahoma City was No. 13

WalletHub's 2017 Best Cities For Jobs, has No. 40 Tulsa, and No. 75 Oklahoma City