All Forum Posts by: Ben Scott

Hey @Michael Ralston, I'm a local agent and host a biweekly zoom meeting with OKC investors. Would love to have you join the call. Next one is Wed, March 3 at 1pm CST. DM me your email address and I'll add you to the list to receive the link.

Bi-weekly zoom call with OKC real estate investors - both local and out-of-state - to talk real estate investing in Oklahoma City and the surrounding areas. 

Link provided above.

Password: pockets

Ben Scott is inviting you to a scheduled Zoom meeting.

Topic: OKC Bigger Pockets Zoom Call
Time: Feb 17, 2021 01:00 PM Central Time (US and Canada)

Join Zoom Meeting
https://us05web.zoom.us/j/8963...

Meeting ID: 896 3773 7072
Passcode: pockets

Hey @Chai Jonn, at that price point, I'd look at a suburban areas like Edmond, Yukon, Mustang, etc. Those homes are in great school districts and attract quality tenants. Plus, those homes are newer and will require less maintenance.

What type of debt do you have? I've heard the credit bureaus give you points for making bi-monthly payments on any credit card debt. There are also community organizations that give down payment assistance for first time home buyers. Might seek out some of those folks.

I own and operate one Air BNB and I have three night minimum stays. Ideally to avoid a situation like that. Really sorry this happened!

I second what @Will Fraser said. When utilities change in Del City, the city sends out an inspector before approving the name change on the utilities. The inspector can and will demand you make (sometimes unnecessary) repairs before they will turn on the utilities. All depends on the inspector and his/her mood that day. I've heard horror stories.

Local and out of state investors talking Oklahoma City real estate. I've invited an appraiser to hopefully discuss getting your appraisal for a BRRRR deal.

Ben Scott is inviting you to a scheduled Zoom meeting.

Topic: OKC Bigger Pockets Zoom Call
Time: Feb 3, 2021 01:00 PM Central Time (US and Canada)

Join Zoom Meeting
https://us05web.zoom.us/j/8840...

Meeting ID: 884 0290 3062
Passcode: pockets

We're seeing quite a bit of out of state money investing or interested in the Oklahoma City market.  Especially from markets that have been priced out of cash flow.

@Aziz Usmanov I'll admit to being rather unsophisticated. I've done demos for Buildium and Tenant Cloud and found just plain ol' Excel helps me keep track of everything. The propert management software seems to be more focused on finding tenants than the accounting portions. Tenants pay through Venmo, CashApp, Zelle, etc. When and if I grow bigger, I'll need to investigate a more streamlined software.

I agree @Aziz Usmanov. I apologize for not being clear. I don't hold funds for the properties I manage. I just collect rents and pay the owner. Owner pays for repairs.