All Forum Posts by: Ben Scott

Curious if the 14% is the rate for a mid-term or short term rental? Or is this just your standard single family home?

OKC Investors! Join us for your quarterly BP meet-up. Newbies and seasoned vets. All are invited.

Hey @Tom Irtis, what brings you to OKC. Prices are going to be a bit higher on the NW side of the metro near high end areas like Quail Creek and Nichols Hills. South OKC from I-40 to 2-40 is more affordable but less opportunity for appreciation. Suburbs like Edmond, Yukon, Mustang, Midwest City and Moore are favorable as well.

Thursday, Feb. 15 at American Solera in Edmond, 6p-8p. I'll make a post this week with the info. Hope you can make it!

Hey @Joshua Christensen, what part of town is your 69 unit deal?

Hey @John McDonald, what platform do you use to show you were deals are in OKC? Is this a software? Just curious. Thanks!

How big is the project? Shoot me a DM and I can give you a few referrals.

Hey Aaron, thanks for considering our fair city. Long most urban areas, OKC has its good and less good parts. Most of the northwest quadrants of the metro are pretty nice. NE side is slowly gentrifying. Cash flow opportunities on the south side. Happy to connect and discuss the market.

Your local housing authority will use HUD guidelines on the condition of the property. You WILL fail your first inspection. At least that's the case in my market. Something like 90% of properties fail their first inspection before and during placement of a tenant. Bring a handyman to that housing authority inspection so he/she can address the inspection concerns where the inspector is there.

The housing authority's big concerns in my market: bedroom windows will open and stay open for egress, smoke alarms in every bedroom, weatherstripping on door, TPR valve on the water tank, to name a few. My list of required repairs was 70+ after that first inspection. 

Long story short, pain in the butt to set up. But rent is guaranteed and you are fulfilling a housing need.