New member from Tulsa area!

[Kevin Curnyn]

Hey guys, New to BP! I've timidly been sitting on the sideline for a week or so, trying to understand how this forum site operates and it's so fascinating! I've taken a recent interest in creating a future that consists of real estate investing and couldn't be more excited. I stumbled upon Brandon Turners "the book on investing," listened intently on audible, and therefore introduced to BP! I'm learning more ways to start an investment portfolio than I thought possible thanks to you guys, and am continuing to learn as I steadily build liquid capital. I plan on getting into mainly SFR buy and holds with the occasional flip. In the near future, I hope to gain a solid understanding of wholesaling to potentially grow capital exponentially to achieve my long term goals of a more passive income. I truly welcome insight, stories, knowledge and anything alike that will help me along this journey! Anyone familiar with the Tulsa and surrounding area that has some dos and dont's within the market or just in general, I'm all ears!!

[Cain Wright]

Hello Kevin! Welcome to BP.

I would most certainly concur with Mr. Garrett on acquiring properties in more desirable areas. I liken it to baseball with hitting singles and doubles before a home run. My properties are located within Broken Arrow, so I can personally attest to the demand and large pool of quality tenants. I'm still in the "ramp up" stage of my investing career, but with three units I can tell you I've never had a property vacant for more than 13 days. My last purchase was listed for lease a total of 6 days before being filled with a great couple. The same can certainly be said for Jenks, Bixby, Owasso, etc.  I believe a lot of investors do not put enough credence on tenant selection, which can be very detrimental. Monthly cash flow is great, it's what makes each unit self sustaining. However the real growth is from an equity standpoint as the home appreciates and the note is paid down. So to increase and insure that equity accumulation, desirable areas and tenant due diligence work best for me. I know as I progress I may look at other areas, purchase more distressed properties, but that's down the road when I have the ability to leverage equity from existing properties, and increased cash flow from a total portfolio perspective.

This is not to say, however, that you can't succeed with other routes. It's just different in terms of the approach and expectation. I work with investors who do very well outside of these areas, but their strengths support it. Tailor your route in real estate to your strengths, and continue to expand your knowledge base. Good luck to you! There are a lot of local investors on BP, and most if not all are willing to provide all the help they can.