I am a real estate investor and business owner (of KL Property Group) operating out of Oklahoma. I have a successful and lucrative career in tech., which I plan to eventually replace with full time real estate investment and business ownership.

Currently, my real estate business initiative is to replace my current career’s active income stream with a house flipping active income stream.

The next milestone would be to begin building a rental portfolio for a relatively passive revenue stream and long term wealth building.

Current initiative goals: (24 month goals - Starting 01/2023 and ending 01/2025 )

- Revolving 30 property/year flip routine.

- $1Mil Cash on hand. (Mostly used to reinvest and avoid debt payments, loan origination fees, etc.)

- Quit career job.

In our first 12 months (started in 08/22 and ending in 08/23) we will have flipped 9 properties. I have logged our first 2 completed flips in the 'investments' section of my profile and we have 7 more in the rehab phase right now. These 7 should all be sold before our first 12 month deadline, or close to it. We aim to flip at least 20 in the next 12 month period.

All of my deals are $0 cash-down deals. I only pay out-of-pocket for the initial inspection (I always have one, at least), earnest money, and holding costs. Even the loan origination fee is financed. (I know, interest on a lender fee... its just the way we do it for now while we build up some cash reserves.) We reinvest our cash into future deals, reducing the financing costs with each deal as we grow. This will also allows us to grow faster since we will be able to land better deals (competitive cash offers) and eliminate lender ceilings of various sorts. We outsource as much of the process as possible. We use licensed GCs, designers (if/when needed), staging (if/when needed) and the typical Real Estate professionals that aid in acquisition and disposition of the properties.

Regarding my business goals, I am curious if anyone in OK has already achieved similar results in our market and wouldn't mind raising a hand or speaking up. Maybe share some of your successes with us all? I'd love to connect with you, trade ideas and knowledge, and grow!

Oklahoma City, Oklahoma

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