New Member Introduction... AND First Deal

[Alex Owens]

What's going on everybody! My name is Alex Owens, I am 22 years old, and I just graduated from the University of Oklahoma. I began my real estate journey two years ago when - as a Finance and Accounting student - I realized that real estate holds more economic opportunity than any investment vehicle I was being taught in school - namely stocks, ETFs, commodities, mutual funds, bonds, currencies, 401(k), IRAs, etc. In 2017 I started the University of Oklahoma Real Estate Club where we successfully recruited over 50 members in 3 months time (we even had a guest appearance from BP's very own Brandon Turner!) I graduated with a passion and hunger for real estate investing and took a job as Acquisition Manager for a real estate fund in Oklahoma City. 

Today, August 14, 2017, I am ecstatic to announce that I have my first investment property under contract! It is a 3,900 sq ft Duplex in Oklahoma City, OK near Lake Hefner renting at $850 each side, with a purchase price of $145,000. The property is rent-ready and currently leased on both sides. I have attached a photo of the BP report I did on the property and I would love to get some feedback from the community. Please let me know your thoughts!!

[Rhett Tullis]

we manage 3 duplexes in that area.  your rents seem a little high on these but if the conditions are better than the typical property in that area it is doable.  there is an interesting dynamic around there due to the high concentration of apartments in the area.  shoot me a msg if you need any feedback on things we see there.