Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

17
Posts
23
Votes
Zachary Stanley
Agent
  • Real Estate Agent
  • Bentonville, AR
23
Votes |
17
Posts

STR in Tulsa Oklahoma by ORU and St. Francis Hospital

Zachary Stanley
Agent
  • Real Estate Agent
  • Bentonville, AR
Posted

I just went under contract on my wife and I's 5th property! I am a Bigger Pockets preferred agent in Northwest Arkansas and my other  4 investments are here locally but I decided to branch out and take a bigger risk on this 5th investment in Tulsa. 

I bought the AirDnA data for the area, ran my numbers and got the blessing from my wife to purchase this home. Im super excited BUT!! I do not have much knowledge on the Tulsa market and this property would work as a LTR but there is huge upside in STR for this home.

This deals details:

-$389k purchase 

-They furnished this home for showings and I was able to negotiate them leaving $30,000 of furniture. (Praise God)

-Mortgage will be around $2500 a month 

-AirDnA data was showing for homes with similar square footage and sleeping 8 people like mine would it would generate minimum of around $40,000 of income per year and this home BLOWS those other homes out of the water.

My questions are: 

-Is this a deal you would do? 

-I understand the process of Airbnb but are there things you all are seeing I should take into account? 

-Did i score a good spot? 

Thanks in advance! (I will include a pic of the place and some of the furniture they are leaving) 

  • Zachary Stanley

Loading replies...