All Forum Posts by: Lou Milard

@Scott England  Do you see the multi family units cooling off at all recently?  We are currently looking into the Oklahoma City market as possible destination to start investing in Apartments.

Great home under contract in Ross Heights. Great, stable neighborhood with nice mix of updated homes. It's a 2 story built 1920's. This 1270 square foot single family home has 3 bedrooms and 1 bath. It's in a great family neighborhood.

Home will require quite a bit of work, but comes with a large ROI. It has brand new roof, and is cleared out and ready to rehab.

Asking $25,000 or best offer for the contract! Cash buyers only for this one.

Call or email to make an appointment to see the property!

Hurry, this won't last long.

More Photos & Details Available at: http://www.okcrehabdeals.com 

Are you open to Co-Wholesaling or partnering deals?  We also wholesale properties in the Great Oklahoma City area.  I love sending great deals to my clients.

-Louis

Does anyone have recommendations for an investor friendly Title company in the Oklahoma City area?  I'm looking for one who's experienced working with investors and wholesalers.

@Account Closed Investor friendly agents will hard to get your deals because of the potential for repeat business.  If an agent knows you can close, they would rather have repeat business with you than constantly looking for new retail buyers.  Investors are also less emotionally invested in a property, and know exactly what they want.  That makes the transaction a lot easier. With a retail buyers, some agents will spend a year working with a client looking for the "right" kitchen.  That can be very frustrating. 

I would assume that the $55,000 would also include her commission.  But remember everything is negotiable.  Some of the questions you need to answer to understand if this is a good deal. What's your plan for this property once you get it?  Do you already have a buyer lined up? What are the comps on the property? How much work does it need?  

Personally, it feels like this realtor knows you're new at this and is taking advantage. Don't assume that the realtor is doing anything but trying to get the most amount of money for the property.  You should run all the numbers yourself. If other investors are offering $15,000 then that should be very telling of the property value.

BiggerPockets has a great beginner's guide to wholesaling: https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ 

Bellevue is going to be really hard to cash flow.  We've started looking at South King County and Tacoma.  We've also started looking out of state where the numbers make more sense for cash flow purposes.

There's a little more moving parts to a commercial deal, than residential especially for beginners. That seems to intimidate some people.  For example, the due diligence on a commercial property is a little more involved than a single family.  

I'm from the Northwest where Real Estate prices have gone through the roof.  While are there still good potential deals, they're becoming harder to come by. We're also looking into investing in the Oklahoma City market.  From our analysis, there's a lot of great value plays in this market both on the residential and commercial sides. Our capital goes a lot further there than our local market.  We're excited at the potential opportunities. 

We're going to start wholesaling some properties in the Oklahoma City metro area.  So far, our research is showing lots of cash transactions in the Midwest City and Del City areas.  We're primarily focusing in the 73115 and 73110 zip codes. We looked at Moore but the price points are all over the place in that area, so not sure how to approach that region.  Is our analysis correct with focusing in the Midwest City and Del City areas?  Any gotchas we should be aware of?