All Forum Posts by: Brendan Harrison

Hey!

Finding a great property management company can be tricky, but have you thought about self-managing your properties? It gives you more control, saves on fees, and helps you build better tenant relationships. Plus, you’ll learn a lot about property management firsthand.

If you eventually want to hire a company, you'll be in a better position to know what to look for. Just make sure to vet them thoroughly.

Hey there!

Welcome to the Oklahoma real estate market—you're in a great place to start your journey! It's awesome that you're already diving into education with books and YouTube, but you're absolutely right: at some point, you just have to jump in.

Here are a few tips to help you get started:

1. Focus on Networking: Attend local meetups, REI groups, and seminars. Oklahoma has a solid real estate community, so make those connections. Mentors can really accelerate your learning, and don't be afraid to ask questions or offer value in return for guidance. Sometimes that means helping out with deals, or even just handling grunt work in exchange for mentorship.

2. Start Small and Build Confidence: While commercial real estate is your ultimate goal, starting with smaller residential properties like single-family or duplexes can give you hands-on experience and help build up your cash flow. You might want to explore multifamily units or even Section 8 housing (guaranteed income) to get some reliable cash flow early on.

3. Build a Strong Team: You’ll need a solid team of professionals: real estate agents, contractors, property managers, and lenders. Having people you trust around you is crucial as you grow.

4. Know Your Market: Focus on learning the Oklahoma market inside and out. Identify the best areas for different property types and know the local rent prices, property values, and vacancy rates. It'll help you spot good deals faster.

5. Analyze the Numbers: It's easy to get emotionally attached to a property, but stick to the numbers. Make sure every deal makes sense from a cash flow and return on investment (ROI) perspective.

Feel free to reach out if you have specific questions or just want to talk through your strategy—always happy to help a fellow investor get started!

Good luck, and I look forward to hearing about your success!

Hey Cory,

Welcome to BP! 🎉 I’m an investor based in Oklahoma, and I can tell you that investing here has been an awesome experience. Oklahoma City, in particular, has great potential, and I’ve seen strong cash flow and steady demand in the rental market. It’s also very landlord-friendly, which is a big plus.

Sounds like you're on a great path with BRRRR and mid-term rentals—both strategies can work really well here! If you ever have any questions about OKC or need insights into this market, feel free to reach out. Wishing you the best of luck on your investing journey!

Best,

Brendan

Hey William! Investor from Tulsa, OK here. While I am not personally able to help you with this I do have some referrals I can send you. Lets connect!

Hey Dan,

I hear you on the challenges of profitability in certain markets, especially when tenant laws and taxes start cutting into cash flow. I’m a real estate investor and agent based in Oklahoma, and I’ve had success investing in markets like Tulsa and Oklahoma City. Here’s why Oklahoma could be a solid out-of-state market for you:

1. Cash Flow Focused: Oklahoma tends to have affordable property prices while still delivering strong rental demand. In my case, Section 8 rentals have worked well because of the guaranteed monthly income.

2. Landlord-Friendly:Tenant laws here are more favorable for landlords compared to more regulated markets like Minneapolis, which could be a game changer for you.

3. Stable Market:While we don’t see the same wild appreciation as some hotter markets, the steady demand for rental properties, especially multi-family, makes for reliable income and decent returns.

Tips for Out-of-State Investing:

- Build a Reliable Team:Property management is key if you’re not local. Having people on the ground you trust is a game changer.

- Research the Market: Understand the local economy and rental demand—Oklahoma has a strong workforce, particularly in healthcare, aerospace, and energy.

- Off-Market Deals: In competitive markets, off-market deals can get you better pricing. My team specializes in these and has found some great opportunities.

Hope this helps! Feel free to reach out if you have any questions about the Oklahoma market.

Best, 

Brendan 

Congratulations!! Hope it goes well for you.

Oklahoma - specifically OKC & Tulsa markets.

Fellow Section 8 Tulsa Investor here! Welcome to BP!!

Definitely #2! Good luck.

Congrats on almost completing the rehab! Here’s a quick breakdown of your options:

Option 1: Sell and Buy Cheaper House with Cash

Pros: No mortgage, no interest payments.

Cons: Older homes, more repairs, possibly worse neighborhoods.

Option 2:Use Proceeds as Down Payment on Better House

Pros: Newer, fewer repairs, better neighborhoods.

Cons: High mortgage interest rates, higher monthly payments.

Option 3: Refinance and Rent Out Mobile Home

Pros: Rental income, keep property, can still buy another home.

Cons:Landlord responsibilities, high refinance interest rates, market fluctuations.

Consider market trends, rental demand, and your financial goals. Good Luck!