New Investor, looking to learn

Oklahoma City, Oklahoma
New Member Introductions
8moFollow

New Investor, looking to learn

Shaun Anderson
New to Real Estate · OKC · Member since 2026 · 10 posts · 12 votes

Currently in a W2 job, looking to branch out into the long term rental space within the next year. Next step for me is defining my buy box, which is easier said than done as there are many shiny objects out there. Any advice or recommendations are welcome; I am here to learn. 

6Reply
126 views

Most Popular Reply

Zach SikesBusiness Member
Residential Real Estate Broker · Edmond, OK · Member since 2011 · 452 posts · 183 votes
8mo

@Shaun Anderson Welcome to real estate investing! 

You've done the first step which is making the decision.  

The hardest part is getting into action.  

You will always be able to look back and wish you would have done things differently or better, but the biggest regret you'll have is not taking action when you should. 

Good luck!

HCO Leasing4.198 Reviews
WebsiteView Page
Homestead & Co4.9172 Reviews
WebsiteView Page
1Reply
See this reply in the discussion

8 Replies

Jump to latestLatest
  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    8mo

    I’d recommend a boring buy box you can repeat: one property type in one area where rent clearly covers the payment, plus reserves and demand stay steady. Ignore shiny deals and only chase houses that hit your cash flow target with one simple value-add you’re comfortable doing.

    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate539 Reviews
    WebsiteView Page
    0Reply
    • Shaun Anderson
      OP
      New to Real Estate · OKC · Member since 2026 · 10 posts · 12 votes
      8mo
      Quote from @Kerlous Tadres:

      I’d recommend a boring buy box you can repeat: one property type in one area where rent clearly covers the payment, plus reserves and demand stay steady. Ignore shiny deals and only chase houses that hit your cash flow target with one simple value-add you’re comfortable doing.


      Thanks for the advice! This aligns with my initial leaning. Definitely going to be boring at first.I was meaning that I was waffling between BRRRR, turnkey, or new build. Each will have it's advantages and downfalls, just need to find the right one. There might even be something I've never heard of, hence the forums.

      1Reply
  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    8mo

    I would connect with an agent and start looking at properties. You can have it open on specifics but figure out which strategy/type of property you are targeting. Also start running numbers to practice. Understand what kinds of deals may be available. If you do a BRRR there is moving parts and risk. Turnkey or new builds are more "passive".

    0Reply
  • Todd AndersonPro Member
    Real Estate Agent · Cape Coral, FL · Member since 2023 · 392 posts · 175 votes
    8mo

    @Shaun Anderson,

    Welcome to BP.  There are some great people on here to learn from.

    When I talk with new investors in your position,  I talk with them about getting a base hit.  we look for a hybrid of the strategies that you talk about.  I would recommend looking into turnkey new construction.  with this, I believe that you can get the best of both.  You would be able to get a property that is ready to rent or has a renter already.  You also get a property with a warranty that should cost less in maintenance for the first number of years.  

    This can be found in many markets around the country.  I have been able to find builders in a growing number of markets around the country.  

    let me know if I can help with more specific questions.

    best of luck

    [email protected]651-492-5652
    0Reply
  • Zach SikesBusiness Member
    Residential Real Estate Broker · Edmond, OK · Member since 2011 · 452 posts · 183 votes
    8mo

    @Shaun Anderson Welcome to real estate investing! 

    You've done the first step which is making the decision.  

    The hardest part is getting into action.  

    You will always be able to look back and wish you would have done things differently or better, but the biggest regret you'll have is not taking action when you should. 

    Good luck!

    HCO Leasing4.198 Reviews
    WebsiteView Page
    Homestead & Co4.9172 Reviews
    WebsiteView Page
    1Reply
  • Matthew Thornton
    Member since 2025 · 104 posts · 37 votes
    7mo

    Congrats on getting into Investing! Have your 3 pillars in place and you'll be good. 1.A good Realtor 2. A good Lender. 3. A good PM Company

    0Reply
  • Nick Valley
    Contractor · Oklahoma City, OK · Member since 2025 · 17 posts · 8 votes
    6mo

    Hey Shaun! I am a GC here in the Okc metro area and work with other investors. If you like some estimates or to connect and work together let me know! I work with just investors and fix and flips or rentals! I have pricing for both!

    0Reply
  • Rob HowardPro Member
    Knoxville TN, USA · Member since 2023 · 61 posts · 42 votes
    6mo

    Look for a great TEACHING Reia in your area. Here in Tennessee it's GRID. I'm not associated with them aside from admiring my friend Cory King who leads it locally. In our chapter leaders in all the fields - investors, lenders, title folks and private money people all meet up, network and bring deals looking for partners. Even if you want to do it all solo the people you surround yourself with will determine how well it works, what mistakes you can avoid without having to "learn from them" - jump in when your ready - but know that "ready" looks like.  

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free