Who's investing in Tulsa, OK?

Question

Who is investing in Tulsa? And what is your most recent deal?

Just trying to get a thread started and meet people that are investing in Tulsa.

Also any recommendations for:

-Real estate agents

-Property managers

-Contractors

Thanks in advance, Zack

Lisa Williams · Answer

Zack, Kendall Whittier is heating up right now, but there are still some deals to be found. Maple Ridge and Bryn Mawr are both definitely Class A neighborhoods though. Occasionally we find a listing that is around 200,000 but not often and probably not in the spring/summer selling season. What budget are you looking at? I watch the foreclosure market very closely and sometimes find a short sale in a great area. Are you willing to consider a home in foreclosure? Many investors don't want to wait around and waste time to see if they will get the property, but I have bought them for myself, and sold them to other investors without any issues. One of my easiest deals recently was a HUD property.

I buy and hold, and operate Airbnb's here in Tulsa and in Galveston, TX. I manage for other owners also. I help find the property, sell it to the investor, and then help them get furnished and set up and listed as a short term rental. That is my focus right now. I am always looking for properties to flip or rehab, for myself or any of the other investors I work with.

Lisa Williams · Answer

Hi Zack! I am an investor in Tulsa, and also a Realtor.  I own several SFH rentals, and like many investors, am always looking for deals. I keep an eye out, so tell me what you are looking for. Buy and hold, flip, short term rental?

Zachary Sexton · Answer

@Lisa Williams Thanks for the insights! Just hanging out with a couple last night that used to live there and is also interested in investing. We are even talking about going in on a deal together which would increase our budget (we have more funds, but they have more market knowledge).

I’d love to talk more and figure out ways we could help each other. I just sent a connection request so we can get into the details via messenger/phone.

Zachary Sexton · Answer

Thanks for the response, @Lisa Williams.

My wife and I are looking for properties we can buy in Tulsa:

• for cash
• at 75% ARV (e.g. buy at $50k, rehab $25k, appraise at $100k)
• in B class neighborhoods (e.g. Kendall Whittier, Bryan Mawr, Maple Ridge)

and rent to:

• families (or students)
• at 1% of post rehab price per month (e.g. $100k value. $1,000 rent)

After the rehab and placing a (long term) tenant, we'd refinance and hold long term for cash flow. BRRR as they say in these parts ;-)

If you or anyone you know can help us find and purchase these kind of deals, we'd love to connect. And what type of deals have you/are you interested in investing in?