All Forum Posts by: Ben Scott

@Zander Kempf Great job and thanks for sharing your success. What part of OKC is this property? Did you get an appraisal done when you bought it?

I agree on the house hack. Doesn't your VA loan allow you to go up to $500k in buying power? I'd buy a multi-family and live in the unit with your VA loan. And then take the savings and buy SFH in a consolidated area so you can learn more about that pocket of the real estate community. You could own 8-10 doors in a few months with minimal personal housing expenses. Then keep the W2 job until you don't want to work there anymore. Either way, you're in a great position.

Yes, I'd agree with Forrest that Oklahoma City has appreciated rapidly in the last years. The median sales price has jumped 15% since January 2018 and some areas have appreciated 10% in the last 6 months. There are pockets of south OKC where you can find rentals for $50-60k but there's a ton of cash buying competition from old school landlords who scoop those up off market.

Congrats @Matthew Brill on the project. Two questions:

What neighborhood in OKC is your duplex? Is it north or south metro?

Also, did you manage the rehab from Florida?

Biweekly OKC Bigger Pockets meeting. Local and out of state investors visit about the Oklahoma City market and trend in the investment space. All are welcome. Link and invite below. Passcode is: pockets

Join Zoom Meeting
https://us02web.zoom.us/j/8963...

Meeting ID: 896 3414 4706
Passcode: pockets

Hey @Blake Sullivan, I've had a short term rental for 16 months on the NE side of OKC near the OU Medical Center. This giant medical complex is just east of downtown OKC. I've had my share of guests that are medical professionals or in town for a procedure at the hospital. There are still some deals on the northeast side if you stay between the OU Medical Center and MLK to the east. Tons of activity and remodels in the area. Also some new construction. But I've kept my STR full nearly every day.

Congrats @Sid Magill, what part of OKC is your unit?

Hey Chai, sent you a message. I know there is huge demand for Air BNB around the state fairgrounds, as well as close to downtown/midtown north of I-40. I have a STR near the OU Medical Center that has performed well the last 15 months

OKC Bigger Pockets Real Estate Group

@Aaron Dickson

I have an Air BNB in northeast OKC and, as of yet, there are no municipal restrictions on Air BNbs. Your budget would give you a lot of buying power in the OKC market. I'd look close to the downtown area as most guests I've had are in town (this is pre-Covid, obviously) for concerts, events, etc. But even during Covid, my unit stayed full most times.