All Forum Posts by: Ryan Ahlgrim

Hey Tulsa friends. I just moved here from OKC and am looking to network with other local investors. My full-time job has me working as a commercial construction project manager. I enjoy doing it plus it helps with my real estate investing.

I own 1 single family rental in OKC but would like to start focusing on multi-family properties. Lenders I've spoken with are ok with multi-family rentals but require a nice size cash reserve before financing the deal. In order to do that I'd like to start flipping some homes then use the profits to build that reserve.

Looking forward to working in the area! Let me know if anyone is interested in working together on some deals.

Looking for a good realtor down in Lawton, Oklahoma. I'm in OKC but want to check out a few properties down there. Maybe come down on a Saturday for a few hours and have a look. Any recommendations? Let me know. Thanks!

Thanks everybody.

@Wayne Brooks The issue that came up was that the buyer's appraisal came back saying we were in a flood plain. We just bought the land 6 months ago and our appraisal said we weren't in the flood plain. We had to cancel our scheduled closing date of December 15th to get it figured out.

We agreed to have the land surveyed to prove we were out of the flood plain (which we did, and which we are) but during all this the buyer's realtor would take up to 4-5 days to response to a simple question. Now after all the hoops she's had myself and my realtor jump through she's trying to say the buyer's want to back out. They have no reason to since from the beginning they've said "as long as you aren't in a flood plain, we'll buy it".

I feel like if I talk with this guy we can make the deal work out.

Is it ever a bad idea to bypass both realtors and speak with the buyer directly? I’m the seller in a 2.5 acre land deal right now and I don’t feel the buyer’s realtor is doing her job to work through some small issues that have come up. I feel like I might have a better chance of getting this deal to closing if I speak with the buyers myself. Any thoughts?

Any wholesalers in Oklahoma City looking to build their buyers list? I'd like to do a few buy and hold deals starting in 2014. Let me know if you've got anything. Thanks.

Very cool, @Brandon Turner! Let me know how it goes with Lending Club. My plan is to talk with a few community banks in the area and see what they have to offer. I'll keep you posted. Thanks.

I’m planning to do some buy and hold investing in 2014 and am looking to use a business line of credit for my down payments when purchasing new properties. Depending on the lender, they will require a 10% - 20% down payment. So for a $50,000 property I’d borrow $5,000 on a line of credit then pay it back within 3 – 5 years.

Good idea? Bad idea? Has anyone done this?

I’m planning to do some buy and hold investing in 2014 and am looking to use a business line of credit for my down payments when purchasing new properties. Depending on the lender, they will require a 10% - 20% down payment. So for a $50,000 property I’d borrow $5,000 on a line of credit then pay it back within 3 – 5 years.

Good idea? Bad idea? Has anyone done this?

I’m planning to do some buy and hold investing in 2014 and am looking to use a business line of credit for my down payments when purchasing new properties. Depending on the lender, they will require a 10% - 20% down payment. So for a $50,000 property I’d borrow $5,000 on a line of credit then pay it back within 3 – 5 years.

Good idea? Bad idea? Has anyone done this?