All Forum Posts by: Callum K.

Antonio Bodley You and I definitely see eye to eye on credit cards and student debt. I was fortunate enough to cover my college expenses as I took classes so I never truly had any college debt. My point was really targeted at many others out there who do feel that college is worth the expense...

Antonio Bodley I like your approach to the definition, however I am sure many would argue that student debt is good and credit card debt is bad because student debt helps yield higher wages (so we are told) and credit card debt is revolving.

I would take your statement about good vs. bad and add so long as it is manageable. For instance, if $30k/yr at a liberal arts school to become a librarian, one might not view that as good debt, whereas $1k/yr doing the same thing with a $29k scholorship might be different. Same goes for the credit card statement. If all you are doing is paying the minimum payment then you might be at mercy to interest rate adjustments. If you leverage within reason then it might not be so bad.

Im in Tulsa, OK and I am probably biased, but from what I have seen, Austin, DFW, Houston are all secondary targets after places like CA, AZ, FL. To me, I would look in cities that are less well known and talked about where cost of living is low... Tulsa, Little Rock, Amarillo, Kansas City, Omaha, etc. You get the national housing price increases at a stable rate and you have not seen the bidding wars that you have seen in places like Sacramento.

Don't use Accent Realtors. I have heard horror stories about them. I think McGraw Davisson Stewart does them. I manage my own properties so I am not sure.

I routinely hear that the Zestimates are way off, but with the exception of a condo I bought, all my SFR's were surprisingly close to the appraisal done prior to my purchasing/refinancing as well as other homes bought/sold in the area. I might be missing something here, but my belief is that the Zestimates are only useful under certain circumstances... In moderate metropolitan areas where supply/demand is somewhat liquid as well as comps relatively close the Zestimate has been really close. In buildings (condos/multi-unit), neighborhoods subjected to lots of rehabbing, rural areas (especially where land is included), and outliers (such as low value and high value properties). I use the Zestimate as a baseline for the niche I purchase, but I always check comps and court records to validate the Zestimate, not the other way around. Most of my homes are SFR's between $120k-$250k on 1/4-1/3 acre lots

Hey David Schneider, nice to see a local BP'er on here.

I am curious to a couple of the costs, but the carpet in particular seems really high. I just replaced about 400sqft for about $700.

Welcome Alex Pollock. I have a couple properties in the OKC area and several in Tulsa. Feel free to shoot a PM if you have any questions.

yeah, it stinks but I guess stricter lending requirements will make it more difficult for individuals to buy homes... Not helpful to the housing recovery but good as a landlord

I'd start with the chamber of commerce. Typically they publish annual reports about local economic analysis including demographic, job growth, expectations, etc.

Another good option for me is the census data. This can help show you income levels and other demographic levels.

goodluck!

I have a few properties in the OKC and Tulsa metro and have been purchasing them for several years now and have seen steady increases in home prices and rental rates. I personally prefer the OK market because they are smaller and seem to be less volatile in comparison to places like AZ, NV, and CA. We also are not getting the influx of hedge funds and private equity so competition seems to be normal.