All Forum Posts by: Theresa Nicoletto
Theresa Nicoletto has started 8 posts and replied 90 times.
Post: Meetups & Networking

- Oklahoma City, OK
- Posts 96
- Votes 55
Forgot another one that's relatively new but I have heard gets a nice turn out...
@Jimmy Ogle puts on OKC Dealmaker Sessions on one Monday a month.
There is one tonight - 7-9pm @ Tower Hotel.
Again, join all the FB groups and Meetups you can find and you'll get put on all the invitations.
Good luck!
Best,
Theresa
Post: Meetups & Networking

- Oklahoma City, OK
- Posts 96
- Votes 55
Hey Joe!
Here is a list of different Meetups and events in the OKC area. Also, do a search on Facebook and Meetup of OKC Real Estate Investment and or Wholesaling and you will find a lot of ways to network and connect.
1st Thursday of every month Millionaire Possibilities MPREIA www.meetup.com/MPREIA
2nd Tuesday of every month OKC Real Estate Meetup: The Barrel on N Western Ave in Crown Heights (OKC) 5:30-8pm Connect with @Scott England and @JJ Gritts - Go to the BP Events forum for updates on it.
2nd Thursday of every month OKC REIA http://www.meetup.com/OKC-REIA/
3rd Wednesday of every month Landlord Meetup www.meetup.com/Landlord-Oklahoma-City-Real-Estate-...
3rd Saturday of every month Real Estate Wholesalers Breakfast www.meetup.com/Real-Estate-Wholesaler-Breakfast
4th Tuesday of every month OKC Real Estate Wholesalers Network www.meetup.com/Real-Estate-Wholesalers-Network
Post: Nightmare illegal gold-digger tenant - need advice please

- Oklahoma City, OK
- Posts 96
- Votes 55
Hey Matthew,
This is a hard situation and I'm sorry you have to deal with it. you mentioned your dad has some problems with judgement (and probably boundaries). You mentioned that she had 2 months before visa is up, right?
Any way of sending dad on a trip somewhere? Or moving him out and you in (or another tenant)? She won't be able to manipulate him if she doesn't have access to him.
And sign the poor guy up on Tinder, Match, JDate, Christian Singles and or Eharmony! Get the guy distracted long enough so that she's not as interesting.
I would talk to her directly and let her know you're on to her and you are watching her closely to ensure your father isn't taken advantage of. I would also have an immigration officer pay a visit to her to out her on notice as to how things work or don't.
Try to get your dad to put everything in a trust so she won't be able to have access to it. Once it's done, let her know that he's not got a dime to his name so no hard feelings if she wants to break the lease and find another husband. LOL
Post: I Want Out, Any Suggestions?

- Oklahoma City, OK
- Posts 96
- Votes 55
@Dakoda Spencer I agree with what @John Chapman said... your job is your competitive advantage over your other investors.
Okay..
I think you need to change your mindset.
Hear me out... Learn, read and listen to BP podcasts (and other REI themed podcasts) while you are still employed. Write out a path.
I work a full time job at a large biotech (sales/marketing), I'm a very active real estate investor and am a Broker with Keller Williams Elite in OKC. (So yeah... I know the struggle!)
As a Broker, I'll give you this advice: If you want to become an agent, go take all of the classes online while you are employed. Join a brokerage. Tons of part time agents around. It's going to take you a while to get up to speed on their systems and policy. You can do this part time while you are still working.
Listen to BP webinars on your lunch hour. Start going to your local REIA and real estate Meetups at night. Get the flow going before you even consider quitting
(FYI - Ketchup and crackers are overrated... I grew up poor. :-)
You always want to be in a position of power to negotiate. I've seen some desperate deals done and (especially in the beginning) you're going to make some whopper mistakes. Totally cool if you have some income to fall back on..
Network like crazy! Get to know people and see who you feel you can work with or trust. Do a partnership with an experienced investor... find the deal and/or supply capital. You will realize that it's not rocket science but it's something you need to learn over time. Why not learn why you are still employed? That's my point.
If you haven't already, read the Four Hour Work Week for tips on how to streamline your job so you can get more time for REI. Read the E-myth.
Next...
Figure out your Freedom Number - Write down your income (both before and after taxes). Write down all of your benefits (health insurance, staplers ;-), day care reimbursement, cell phone,... I don't know... whatever your corporate benefits are...
Get that number.
Then get your expenses. Put a balance sheet together. (you're going to need this when you talk to banks for cash unless you have it sitting in the bank already)
That's how much you need to make in real estate passively in order to comfortably leave your job.
Go talk to some bankers. Ask them about financing for your current income level. Then ask them how things would change if you were to do REI full time. It will be a different conversation.
Chart it out. Get motivated as you go through your RE journey and start to see progress. Break it down into small pieces that you can do every day.
Tip: Ask your boss if you can take David Allen's Getting Things Done Class. Big companies like IBM love that stuff! LOL Also, now's the time to get the company to pay for "Difficult conversations" courses, Excell classes, database classes, etc.. You're boss will think that you are a super motivated worker bee and want to work on "your development plan!" Cool, boss man. Think that.
I have bought over 32+ units last year while working a full time gig. I did this through lots of hard work, time management, partnerships and motivation. You can do this but seriously, you'll be in a much better position if you can hold out and not quit.
Post: New Young Member from Oklahoma

- Oklahoma City, OK
- Posts 96
- Votes 55
Hey @Brian Tran! Welcome to BP.
Tonight there is a Happy Hour at The Barrel on N. Western. It's usually on a Tuesday but it got moved around due to the election...
Hope to see you all there tonight.
Best,
Theresa
Post: Prospective Tenant

- Oklahoma City, OK
- Posts 96
- Votes 55
@Marcia Maynard Love this!
I allow renters without a strong credit history if they tell me why (and it's an acceptable reason for me) and I look at their personal balance sheet (they have to provide and I need to be able to verify with documentation - bank statements, credit card statements, income tax returns, etc.)
I also do a thorough criminal check, evictions, and all social media. I check their work and personal references. I ask them a lot of questions on the interview... why they are moving/moved and then verify it with current and previous landlords.
OKC at least is a pretty small city and I have gotten several potential tenants that looked good on paper but as soon as I started checking references with other landlords... Yowza..
The application gets denied - they are a little on the cra cra side... (One guy tried to sue his past landlord (and good friend of mine) for a gas leak... only he had all electric in the SFH and gas had never been turned on. I had heard about this guy before he had applied for my unit!! It was thrown out but he skipped out on a couple of months of rent and it was a hassle to evict.)
Investors are always looking for properties at a discount. A lot of competition is great for wholesalers but not for investors. Show them how to flip that model on it's head and allow them to be part of a wholesale machine!
In competitive markets, you need to get creative!
Be a problem solver and you'll be successful.
Go to your local REIA and meet investors. Partner with one or two. They pay for the direct mail, you do the closing and they get dibs on some of the houses... (you need to determine a way to a good split... - like they get every other closed house or something like that. If you show that you can acquire houses for cheap... they will give you more money that you know what to do with!) Or maybe you split the leads that come into a central phone number - a lot of ways to work it out.
Driving for dollars is also a great way to get houses, too.
Or partner with cash buying investors... as they are renovating their houses, ask to put bandit signs on their properties with your phone number. You can partner with them on the contract if you are able to close something (a finder's fee)
Integrity is so important in this real estate game... make sure you pay out if you do any type of incentives like that and you will get people coming out of the woodwork to collaborate with you on partnerships. Use something like Podio so that that can see what is happening with payouts.
Speaking of which, you can pay people on a commission basis to lock up contracts for you or just find potential houses that may be targets for wholesaling.
Good luck and happy wholesaling! ;-)
Post: Finding good contractors

- Oklahoma City, OK
- Posts 96
- Votes 55
Go to the Savannah REIA. I goggled them and it looks like they have a newsletter, monthly meetings and various educational meeting regularly. Go to those and also sign up for any real estate related Meetups in your area. You will notice the same 20℅.going to everything. These are your active growth mode investors. Network like crazy with them. Ask them who they use. Ask to see their work. Ask them how they know them.
Go to Home Depot as soon as it opens. I think most are like 6am. (unless you live in a big city where they keep it. Meet the folks at Pro Desk. Get to know them. If they are great, fill out paperwork. Bring them candy... Be nice to them! Ask them for ideas.. some of them may workat the work as well.
Trust but varify. Check references ask how they like to be motivated. Come up ideas to implement.
Post: What would you say to this tenant's email??

- Oklahoma City, OK
- Posts 96
- Votes 55
i would call the tenant up and say, "Great! I will be sending Juan over after 4pm today. Is it ok if I give him your number so you two can coordinate directly?
Great. it doesn't sound like there is too, too much damage and it shouldn't take more thsn a few hours. I will have a repair bill for you by tomorrow am.
Did you want to do direct deposit, credit card or PayPal for that? Just want to make payment is easy for you and it's all set up.
::::Mic drop.
Post: Experienced Investor new to Bigger Pockets from Broomfield, CO

- Oklahoma City, OK
- Posts 96
- Votes 55
Welcome to BP! Feel free to connect.
Lots of resources, too... tomorrow there is a Happy Hour at The Barrel on N Western. Check the event section for details as well as other meetups.
Best of luck!