Norman, Oklahoma Real Estate Investing & Banking

[Adam Hurst]

Hello all! My name is Adam and I live in Norman, Oklahoma. I have been investing locally since about 2008. At that time I was working 60-65 hours per week for a local restaurant management group. I saw REI as a way to build some sort of retirement for myself since I was not offered much viable from my W2 job. I didn't know it would lead to more freedom and time and even give me the chance to work for myself some day. I purchased my first rental in 2008. I paced about 1 property per year for the most part for many years after that. I would save up the 20% and pay for any rehabs out of pocket. It was a slow, arduous process. Once I started having children I slowed for a few years because I just couldn't afford the time.

I discovered BP in 2018 and it invigorated my passion for REI. I started at the very beginning and just started listening while I was working out, working in the yard and driving in the car. I learned so much from this site and podcast.

In December 2020 I was able to resign from the restaurant business in order to spend more time with my wife and 3 kids. I left a job that was going to pay me $130,000 and was able, because of rental income, to take a new position in a new industry for less. I didn't know how beneficial this move would prove to be for me. I was hired as a commercial lender at a local community bank. I think my knowledge of REI got me the job, because a guy with a German degree and 20 years in the restaurant business somehow became a banker. This new position offered me more time to seek out deals, has led me to many more connections with other investors and offered me a better knowledge of the lending side of investing. I learned about many new ways to structure deals that I wouldn't have known about had I never got the job.

This year I have added 4 new properties to my portfolio with the last 2 costing me nothing out of pocket. BRRRR Properties. It's been a great year and I expect things to stay on pace for 2022.

What I am looking for are more people like me in the area. Please reach out and connect if you are in the area. I would love to talk about REI, banking, commercial opportunities, BP or anything else.

I want to meet wholesalers, investors, realtors or people trying to get started.

Good luck to all in 2022!