All Forum Posts by: Richard McLain
Richard McLain has started 3 posts and replied 38 times.
Post: Long Distance Real Estate Investing meet up in Denver

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
Jennifer, I am a long time investor in Oklahoma City owning over 140 rentals; as well as being a real estate broker and a hard money lender. I didn't know your group existed, but if you need some content or input on OKC, I might be able to help.
Post: should we establish an out-of-state LLC?

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
Post: Why You Shouldn't Leverage When Investing In Turnkey Rentals

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
Engelo:
In most markets a debt of 50% Loan to Cost would be prudent enough. In fact, you would be safer spreading the investment over two properties, as 90% of the time BOTH units would produce cash, 5% of the time, you would have one unit produce cash, and only 5% of the time have no cash. Having the investment spread over two units would be better than having "all your eggs in one basket" if something else went wrong.
Richard
Post: Oklahoma City Duplex Investment deal

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
Kaushal:
I was born and raised in OKC, and I am an active investor and real estate broker myself. The area you circled on the map has never really taken off and is not favored by local investors.
Richard
Post: Support Team Recomendations

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
Nelson, as an experienced investor and a licensed Realtor, if you are interested in more of a turnkey approach, I can help acquire, rehab, lease & manage rent houses for you.
Post: Resistance, Persistence, & Success. The Beautiful Struggle!

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
Caitland J:
You should consider attending our free event: OKC Deal Maker Sessions. You can read about it on Meetup.com. Our next free Meetup is in a little less than 3 weeks in a nice meeting room at The Tower Hotel at 7:00 pm on Monday, May 9th, 2016. My partner (Jimmy Ogle) and I started this Meetup out of a philosophy of abundance, and we are inviting wholesalers and real estate investors to get together to share deals and to network. I hope you will come. You can send me a message here, or, in the Meetup.com system. Richard McLain
Post: New Member soon to be in Oklahoma City

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
With my partner, Jimmy, we just started a Meeup called OKC Real Estate Deal Maker Sessions. Our first meeting will be on April 11th, 2016 at the Tower Hotel in Oklahoma City. We will meet on the 2nd Monday of each month thereafter. Go to www.meetup.com and join. It is free to join and it is free to attend the meetup. We will be inviting all the real estate investors in OKC to present wholesale deals. We hope that there will be Buyers too. This is a national organization, and we are glad to be a part of it!
Post: I have purchased over 650 houses

- Real Estate Broker
- Oklahoma City, OK
- Posts 39
- Votes 58
I am an independently owned and operated HomeVestors franchise office, which is better known by its slogan, "We Buy Ugly Houses". I have kept over 135 rentals for my own portfolio. I am active as both a real estate investor, a Realtor and also a hard money lender.