All Forum Posts by: Ron Harris
Ron Harris has started 120 posts and replied 240 times.
Post: Many Folks Moving To Texas
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
Thanks @Jim Cummings for the stats.
We are noticing a lot of people from the coasts moving to Oklahoma, specifically Oklahoma City.
Of course, we are also having a lot of out-of-state investors park their money in OKC, as well.
Last time this happened, a bubble popped nationwide.
My mentors tell me this happens EVERY cycle. :)
Post: Did Your Properties Withstand The GFC
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
Something I may be getting into as well (MH Parks). We need a bubble to pop, of course! :)
Originally posted by @Matt Millard:
In Oklahoma we didn’t even notice the downturn & cash flow increased from rising rents!
Now I’m a syndication investor preparing for next downturn through mobile home park investing.
Post: The one that started it all!
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
I like the "Lessons learned? Challenges? Don't remodel while living in a house. Don't trust friends family as lenders. Research everything. Basically, this one taught me all the first lessons. I never even knew books were written on the topic of landlording, or rehabbing."
I would also add: "Don't get real estate investing advice from people who have never done it or completely failed at it. If they fail, learned, corrected and still around, then okay!"
Originally posted by @Eric Parrow:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $10,000
My First home! I bought this house when i was 23, and the first night i owned it, i sat down in the hallway and cried because I thought I made the biggest mistake of my life. 3/1 ARM, A/C venting from wall outlets, terrible kitchen, etc.
Today, this is one of my best performing properties in Oklahoma and has appreciated in value by $40k.
This property was my first rental. After rehabbing it while I lived there, I decided to rent it instead of loose equity in Jan of 2008
What made you interested in investing in this type of deal?
Like so many others, It was the beginning of 2008 and I was staring at 2 options: Become a landlord, or sell and loose some equity. I took the red pill and dove into "wonderland" because I wanted to see how deep the rabbit hole went. ;)
How did you find this deal and how did you negotiate it?
I was 23, this was my first home. I knew I wanted 3 bed, 2 bath, 2car garage, but I had to settle on a 3/1/1 because thats all that $60k would get me at the time. A property flipper back in 2003 had bought it for 20k, did minimal rehab, and flipped it to me for about a 35k profit. I'm still jealous, but he sparked my first curiosity into owning property.
How did you finance this deal?
I got sucked into the 3/1 ARM from back in the day. My Mortgage lender (a friends family member) SCREWED me when she forgot to lock the rate... the called me up with a "sweet deal" at a lower rate (4.5%), asking for more money down. I was pissed. My brother warned me it was probably an ARM. Sure enough, it was - and she had conveniently forgotten to tell me that, telling me it could only "go up to 6%." When I pressed the subject, she admitted it could go up an additional 6% on top of the 4.5
How did you add value to the deal?
I rehabbed it while living there! What a nightmare. I learned a lot. scraped the popcorn ceilings, installed a new kitchen, built my own double vanity into the bathroom, and put a re-used top on it (thanks GoodWill!), painted everything, tiled the bath and kitchen, raised the ceiling in the hallway and moved the A/C to its own ductwork, installed new doors, trim, carpet. Re-sheetrocked the entire kitchen ceiling! Since then I've installed new HVAC.
What was the outcome?
Still a solid rental. Its gone as high as 975, but come down to 925 now. Tornadoes in the area caused an increase in new home production, as well as new apartments going in nearby...
Lessons learned? Challenges?
Don't remodel while living in a house. Don't trust friends family as lenders. Research everything. Basically, this one taught me all the first lessons. I never even knew books were written on the topic of landlording, or rehabbing.
Post: Looking to invest in my first property.
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
I agree with Kiera for OKC. The closer you move inward (Midwest) from the coast the more stable everything seems to be. Same for the last bubble of 2008. We really didn't notice here in OKC.
Originally posted by @Kiera Underwood:
Hey Harold! I love OKC for first-time investors because it's such a stable market. It's not exciting with a lot of appreciation opportunity, but it doesn't have big dips either. I think steady cash flow without market fluctuation fear provides a lot of peace of mind for a first investment!
50-100k is the perfect price range for OKC. Most rents for not completely turn-key rentals, but rentals that have been updated enough to keep you happy and keep the renter happy fall between $600 and $900 so at that price point, you'll be able to easily meet the 1% rule.
Post: Pivot! Reinvent Yourself and Your business on a regular basis.
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
OKC Entrepreneur Group Presents
Pivot! Reinvent Yourself and Your business on a regular basis. On purpose.
With Stephen Bell, MBA, is a graphic designer, web developer, marketer, and reluctant entrepreneur.
Meetup Info: www.meetup.com/OKCEntrepreneurGroup/events/nnvvzpyzdblc
What you can expect: A frank, open, interactive conversation about small business perseverance, flexibility, and personal growth.
Let's talk about:
FREE to ATTEND - Bring a like-minded guest. It's about the conversation!
For more than a decade, Stephen lived a simple, quiet existence working in the marketing office at a small university. After he and his wife, Cara, found out they were pregnant with twins in 2014, things changed in a hurry. A series of questionable decisions led to them starting a digital marketing agency together when their newborns were just three months old.
With $10,000 in savings, arms full of babies, and a small amount of freelance experience, they set off into the wild world of business.
In the four years since it started, Steed Interactive has reinvented itself many times (A branding firm! A content marketing agency! A web design shop! An e-commerce coaching business!). Through every project, every client and every pivot, Stephen and Cara learned some hard lessons about entrepreneurship and themselves. They couldn't be happier.
Steed (as of 2019) has two areas of focus:
"If you fall into one of those two categories, we would be delighted to hear about your business or project. If you don't, we can still be friends. Buy me a fancy coffee." [email protected]
Meetup Info: www.meetup.com/OKCEntrepreneurGroup/events/nnvvzpy...
Meeting: 3rd Thursday, Feb 21, 2019, at 7 PM
6:45 - 7:00 Pre-Networking - Meet & Greet
7:00 - 8:30 Introductions, Guest Speaker Inspiring Story & Q&A
8:30 - 9:00 Peer Networking, Conversations & Sharing
9:00 - 11:00 "Meeting After The Meeting" Dinner with Entrepreneurs:
Many of us go to dinner to carry on the conversation & socialize! We can walk there. That close! Great pizza!!! and other food at Joey's Pizzeria.
FREE to ATTEND - Bring a like-minded guest. It's about the conversation!
See you there!
Ron & Angelina Harris
The Renascent Entrepreneurs
Join the League of Renascent Entrepreneurs
OKCEntrepreneurGroup.com
Experiments in Capitalism
It's always about the conversation!
Sponsors:
OKC Entrepreneur Group www.okcentrepreneurgroup.com
OKC Real Estate Investors www.okcrealestateinvestors.com
Renascent Mastermind www.renascentmastermind.com
Spearhead Realty www.spearheadrealty.com
www.meetup.com/OKCEntrepreneurGroup
#okceg #okcentrepreneurgroup #meetup #renascententrepreneur #entrepreneurism #entrepreneurship #okc #peergroup #guestspeaker #networking #forum #organization #experimentsincapitalism #renascentmastermind #mastermind #spearheadrealty #spearheadrealestate #smallbusiness #startup #workshop #conversation #dcfilmrow #dunlapcodding #OklahomaEvents #steedinteractive #stephenbell #fancycoffee
Post: Coffee with Real Estate Investors
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
See you later today! "Coffee with Real Estate Investors" at OKC Real Estate Investors Meetup today at 7pm at Starbucks. Come & Go! #okcrei #RealEstateInvesting #meetup https://www.meetup.com/OKCRealEstateInvestors/events/rnlbfqyzdbjb/
Post: The Essential 3 T's & How you spend your Time, Talen & Treasure
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
OKC Entrepreneur Group Presents
The Essential 3 T's
How do you spend your Time, Talent & Treasure?
with Roger Godwin, Entrepreneur, Councilman & Connector
More info, date & location at www.meetup.com/OKCEntrepreneurGroup/events/nnvvzpyzcbgc
Come to learn:
How to manage your Time.
How to cultivate your Talent.
How to grow your Treasure.
About Roger Godwin:
Roger was Born in Dallas, Texas and was raised all over the United States and more than 20 homes all over the greater Oklahoma City Metro. Making it a natural thing for him to get to know new people all the time My mom and dad always said I never met a stranger. If you know Roger one thing that people say about him is, he knows how to work a room. Roger has been Married since 2006 to Megan Godwin and is the Father of 3 beautiful Children Izzy, Titan, and Maverick. Roger has traveled to many parts of the world doing Mission work building Churches and community Centers to help build the Kingdom which is his passion and one of his 3T's he will share with you.
Education:
Home educated Graduate.
Degree in Political Science from OK STATE
Apprenticed for 10 years in the construction industry
Work:
Construction Company owner (Just means you work more and make less), Sales and Construction Consultant, DJ, Founding Partner in Scissor Tail Essentials, Co-Founder in VPSOKC- Wholesale company over 70 transactions in 3 years and $0 dollars spent in advertising to find properties.
Organizations:
Men’s Group Leader at Faith Church, Ward 3 City Councilman Warr Acres, AM & FM Freemason, Shriner, Scottish Rite Valley McAlester, along with many other spaces and places
Mission:
I want everyone life to be PROFOUNDLY better by the work I do, I am a Connector and want to share The Three T's of my Life with you to make you think about your 3T's to Profoundly impact the lives around you.
FREE to ATTEND - Bring a like-minded guest. It's about the conversation!
Meeting: 4th Thursday of every month (7 pm)
6:45 - 7:00 Pre-Networking & Meet & Greet
7:00 - 8:30 Introductions, Guest Speaker Inspiring Story & Q&A
8:30 - 9:00 Peer Networking, Conversations & Sharing
9:00 - 11:00 "Meeting After the Meeting" Dinner with Entrepreneurs:
Many of us go to dinner to carry on the conversation & socialize! We can walk there. That close! Great pizza!!! and other food at Joey's Pizzeria.
Meetup Info: www.meetup.com/OKCEntrepreneurGroup/events/nnvvzpyzcbgc
FREE to ATTEND - Bring a like-minded guest. It's about the conversation!
See you there!
Ron & Angelina Harris
The Renascent Entrepreneurs
Join the League of Renascent Entrepreneurs
OKCEntrepreneurGroup.com
Experiments in Capitalism
It's always about the conversation!
Sponsors:
OKC Entrepreneur Group www.okcentrepreneurgroup.com
OKC Real Estate Investors www.okcrealestateinvestors.com
Renascent Mastermind www.renascentmastermind.com
Spearhead Realty www.spearheadrealty.com
www.meetup.com/OKCEntrepreneurGroup
#okceg #okcentrepreneurgroup #meetup #renascententrepreneur #entrepreneurism #entrepreneurship #okc #peergroup #guestspeaker #networking #forum #organization #experimentsincapitalism #renascentmastermind #mastermind #spearheadrealty #spearheadrealestate #smallbusiness #startup #workshop #conversation #dcfilmrow #dunlapcodding #OklahomaEvents #political #charity #philanthropy
Post: Coffee with Real Estate Investors
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
Coffee with Real Estate Investors
"Bring Your Topic" Connect, mingle, network, share ideas, learn & grow with like-minded investors!
FREE to attend. Bring a like-minded guest!
Check Meetup for going. We may be moving to a new location.
Sit around with like-minded individuals meeting & networking over coffee. Have great conversations about real estate investing, success, building a successful business, and chasing the American dream. We have newbies to multimillionaire attendees. You never know who you will meet!
Topics on tap:
• Real Estate Investing
• Buy & Sell
• Rehabbing houses
• Wholesaling
• Owner Financing
• Buy & Hold
• Rentals
• Land lording
• Property Management
• Tenant Screening
• Creative Financing
• Private Lending
• Lending
• Other: Systems, Technology, Contracts, Contractors, Vendors, Investor Friendly Realtors & Agents, Resources, Risks, the "unknowns", the "I don't know what I don't know", and more!
The power of like-minded conversations should never be underestimated! You become like those you hang out with & associate with on a consistent basis. You never know what you may learn, from one simple idea to a groundbreaking epiphany that could change your life!
We are a group of like-minded individuals. Come & go as need be. Casual environment.
Everyone is welcome to come. Investors, Wholesalers, Agents, Realtors, Vendors, Entrepreneurs, Tire-Kickers and in-between.
Time: 7 PM to 9 PMish.
Location: Starbucks 5800 West Memorial, OKC, OK 73142
Check Meetup for going. We may be moving to a new location.
Info: CoffeeWithRealEstateInvestors.com
Afterward: Many of us go to dinner for more great conversations.
"It's all about the conversation!" FREE to attend. Bring a like-minded guest!
Join the League of Renascent Entrepreneurs today!
Ron & Angelina Harris
The Renascent Investors
Sponsors:
OKC Real Estate Investors www.OKCRealEstateInvestors.com
OKC Entrepreneur Group www.OKCEntrepreneurGroup.com
Renascent Mastermind www.RenascentMastermind.com
Spearhead Realty www.SpearheadRealty.com
Oklahoma Real Estate Agent Network www.okrean.com
Millionaire Possibilities REIA www.mpmeeting.com
#okcrei #coffeewithrealestateinvestors #realestateinvestor #realestate #investor #meetup #peergroup #renascententrepreneur #coffee #rehab #rentals #flipping #renascentmastermind #okc #reia #mpreia #mpmeeting #millionairepossibilities #spearheadrealty #spearheadrealestate #okcrealestateinvestors #oklahomareia #reiaoklahoma #oklahomaevents
Post: The Essential 3 T's: How do you spend your Time, Talen & Treasure
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
OKC Entrepreneur Group Presents
The Essential 3 T's
How do you spend your Time, Talent & Treasure?
with Roger Godwin, Entrepreneur, Councilman & Connector
More info, date & location at www.meetup.com/OKCEntrepreneurGroup/events/nnvvzpyzcbgc
Come to learn:
How to manage your Time.
How to cultivate your Talent.
How to grow your Treasure.
About Roger Godwin:
Roger was Born in Dallas, Texas and was raised all over the United States and more than 20 homes all over the greater Oklahoma City Metro. Making it a natural thing for him to get to know new people all the time My mom and dad always said I never met a stranger. If you know Roger one thing that people say about him is, he knows how to work a room. Roger has been Married since 2006 to Megan Godwin and is the Father of 3 beautiful Children Izzy, Titan, and Maverick. Roger has traveled to many parts of the world doing Mission work building Churches and community Centers to help build the Kingdom which is his passion and one of his 3T's he will share with you.
Education:
Home educated Graduate.
Degree in Political Science from OK STATE
Apprenticed for 10 years in the construction industry
Work:
Construction Company owner (Just means you work more and make less), Sales and Construction Consultant, DJ, Founding Partner in Scissor Tail Essentials, Co-Founder in VPSOKC- Wholesale company over 70 transactions in 3 years and $0 dollars spent in advertising to find properties.
Organizations:
Men’s Group Leader at Faith Church, Ward 3 City Councilman Warr Acres, AM & FM Freemason, Shriner, Scottish Rite Valley McAlester, along with many other spaces and places
Mission:
I want everyone life to be PROFOUNDLY better by the work I do, I am a Connector and want to share The Three T's of my Life with you to make you think about your 3T's to Profoundly impact the lives around you.
FREE to ATTEND - Bring a like-minded guest. It's about the conversation!
Meeting: 4th Thursday of every month (7 pm)
6:45 - 7:00 Pre-Networking & Meet & Greet
7:00 - 8:30 Introductions, Guest Speaker Inspiring Story & Q&A
8:30 - 9:00 Peer Networking, Conversations & Sharing
9:00 - 11:00 "Meeting After the Meeting" Dinner with Entrepreneurs:
Many of us go to dinner to carry on the conversation & socialize! We can walk there. That close! Great pizza!!! and other food at Joey's Pizzeria.
Meetup Info: www.meetup.com/OKCEntrepreneurGroup/events/nnvvzpyzcbgc
FREE to ATTEND - Bring a like-minded guest. It's about the conversation!
See you there!
Ron & Angelina Harris
The Renascent Entrepreneurs
Join the League of Renascent Entrepreneurs
OKCEntrepreneurGroup.com
Experiments in Capitalism
It's always about the conversation!
Sponsors:
OKC Entrepreneur Group www.okcentrepreneurgroup.com
OKC Real Estate Investors www.okcrealestateinvestors.com
Renascent Mastermind www.renascentmastermind.com
Spearhead Realty www.spearheadrealty.com
www.meetup.com/OKCEntrepreneurGroup
#okceg #okcentrepreneurgroup #meetup #renascententrepreneur #entrepreneurism #entrepreneurship #okc #peergroup #guestspeaker #networking #renascentmastermind #spearheadrealty #dcfilmrow#OklahomaEvents #political #charity #philanthropy
Post: New to REI. Oklahoma City
- Investor
- Oklahoma City, OK
- Posts 279
- Votes 90
Networking is #1 for staying plugged in, staying motivated and sharing ideas that work locally.
www.MPMeeting.com is Millionaire Possibilities. Meeting this Thursday (2nd of month) since it snowed 1st Thursday of Month (Normal meetin is 1st Thursday of month).
See you at the neext meeting!
Originally posted by @Charles Richardson:
@Cassi Justiz Thank you! I believe I have seen @Ron Harris on Meetup actually? I could be wrong. However, I do appreciate the advice on groups. Networking is imperative. I spend a lot of time doing it with other contractors for my day job. And it is my most useful resource outside of word of mouth. I much prefer being able to sit and listen to experienced investors talk and things I have read start to make sense when I hear how folks such as yourself have utilized these things. There is A LOT of information out there, it can be overwhelming so I appreciate the direction!