All Forum Posts by: Callum K.

@Lynn Fujihara We are finding distressed condo properties with HOA's that are on the brink of bankruptcy. We are in the process of acquiring dozens of condos at significant discounts, rehabbing them, and renting them out, while also working with the HOA's to improve their finances. I recently have purchased several apartment communities around town and are finding them for the most part to be decent. Most of the areas everyone else has suggested are great places to own or rent, but some areas work better in my opinion than others. For instance, North BA was an area I bought 4 houses a few years ago, but several large home builders have begun renting out unsold properties, thus driving down the rent for the area. My properties in Jenks have maintained rent stability, but it seems like acquisition prices are inflated. Bixby is the same, however South Bixby remains somewhat untouched. For most investors, they'd claim it's too far out but I don't look to buy houses where other investors buy homes. I like properties where the demand for rental properties outweighs the supply. good luck

@Deren Huang Lets connect.  We are always looking for bulk properties

I know this is an old thread, but are there plans for another meetup sometime soon?

Thanks for the invite.  Unfortunately, I will be unavailable but hope to attend the next one

I agree with Deren.  I own a couple duplexes but mostly cater to higher quality homes in the suburbs throughout Tulsa.  It's just a theory, but I feel the duplexes draw more investors, thus driving up the valuation of the properties, and unless you are looking on the outskirts of the suburbs in Tusa, many of the duplexes/triplexes/quadplexes are all much older.  Depending on where it is located, it could be a decent deal, and I'm sure there's plenty of money to be made.  Best of luck to you!

I deal with Brian Scott at Arvest.  I've dealt with First Mortgage in the past and all they did was attack low hanging fruit and bailed on me when I was going after my 3rd, 4th, and 5th house.  On my 6th-10th homes, I gave up on them and stuck with Arvest.  Also, the mortgage companies are often more expensive regarding loan origination fees imo.  I periodically shop around and found that Spirit Bank, TTCU, and Arvest typically have the lower origination fees and are more willing to build a relationship than that mortgage companies.  I'm a buy and hold investor so that might not be what you are looking for, but it worked for me.

I'm currently looking for a solution, but this looks more for residential customers or consumers rather than real estate investors.  If you know anyone that does 1.5"-3" lines and provides data to help identify leaks, please let m e know.  Pretty neat tool though.

Awesome, thanks for the info!

@Jeff Filali Have you used him before?  I am actively seeking one as well

@Ryan Ahlgrim I actually am debating this exact same situation as we speak.  I share your exact same issues and live in the same market.  Like you, I absolutely hate the showings because the Tulsa market seems to be more a renters market than it has been in the past.  Historically, I would rent my homes out in 2-4 showings.  This is no longer the case and it's closer to 7-15 showings.  It's completely time-consuming and kills my productivity throughout the day.  I am currently engaged in discussions with Rently and I really like their concept, however, I am not quite convinced to give it a try.  I am not sure why so many people are against this method simply because some of the largest rental companies in the nation apply this method, like American Homes for Rent.  To me, if you have a problem 1 out of 100 times, then 99 times, the hour you spend on each showing at your rate x 99 times, is the opportunity cost relative the the risk/damages someone might cause that one time.  To me, its almost worth the gamble. 

I have actually used the text of a D/L quite a few times and have had no issues.  I usually ask them to send me the D/L then give me a call when they leave.  That allows me to chat with them and answer questions.  It's not ideal, and I still have to go to the house to change the code.