All Forum Posts by: Ben Scott

Hey @Jacob Jensen, what brings you from Utah to our fair city? Glad you're looking to invest here. Multi-family has become very competitive with investors. Do you know what part of OKC you'd be looking to live in and invest? Given you plan to live there, I'd value quality of life vs getting a good deal. At least initially. 

I'd start by telling everyone you know that you're looking to buy distressed properties. Maybe you'll find someone in your network that wants to unload a home - whether its a problem rental or a family member's home - than you could put under contract. And network with real estate investors to build your buyer's list. Keep in mind your best attribute is to provide value to others.

Call 'For Rent' signs in an area you know and ask if they'd think about selling. If you see a dumpster and a remodel going on in your area, pop your head in and ask who owns the home and try to get their contact info. 

Do what other folks won't do. 

My advice from the cheap seats is provide value and you'll find your niche. If you can solve a home owners problem and land a good deal for a potential buyer, you'll have done your job. Start micro and work your own sphere of influence and tell everyone you know you're looking to buy a distressed home. That'll go way farther initially than any paid marketing. At least until you find your first deal.

@Kelsey P. I hope you can join us! Virtual meeting up is tomorrow Wednesday at 1pm CDT. Not the same link. New Link is below. See you there! PM me with questions.

https://nexstar.zoom.us/j/99664973664

My 'why' is take a more pro-active approach to my income. Be kind to my future self. Do hard things now so I can be more self-reliant in the future.

Maybe because it has the word 'lord' in the title. We should call ourselves 'landfriends.'

Hey @Wallace Zhen, excited you're looking to invest in Oklahoma City.

1. I host a bi-weekly zoom call on Wednesdays at 1pm for OKC real estate investors. I'd love for you to join. DM me for the link. Next call is Nov. 4.

2. With your budget and goals, I'd look at newer construction (2000 or newer) in the Yukon/Deer Creek/Mustang school zones. I just rented a home in Yukon schools for $1600/month. Low turnover for families with kids and school and you typically attract better tenants with newer construction and high rents. These deals can be hard to find but if your goal is some cash flower and minimal headache, that might be a good route.

3. Homes in Oklahoma City schools aren't as in demand from owner occupied buyers. But you can still command good rents and quality tenants. I'd look at communities on the fringes of suburban school districts for homes built 1980+ that are 3/2. You can land those in your budget and enjoy some cash flow.

@Alyssa Dyer I'd love to see that map, as well!

Bi-weekly virtual meet-up for folks investing in real estate investing in Oklahoma City and the OKC market. We have people with long real estate investing portfolios and those who are new to the game. Please join us. Out-of-state investors and those interested in the OKC market are welcome, as well!

https://nexstar.zoom.us/j/99664973664

I agree with @Will Fraser Will the Thrill Fraser. OKC and Tulsa are very similar markets. In OKC, the south side is rougher than the north. That's flip flopped in Tulsa. But suburbs, architectural  styles, culture ... the cities are very similar.