Evaluating a Tulsa, OK Rehab Deal – Seeking Advice & Connections!"

[Will Powers]

Investment Info:

Other commercial investment investment.

Purchase price: $220,000
Cash invested: $220,000
Sale price: $250,000

Deal Overview: 7 N Harvard Ave, Tulsa, OK
Property Type: Commercial (formerly a bakery & cannabis dispensary, potential multifamily conversion)
Condition: Needs rehab
Purchase Price: $220K
Investment Strategy: Flip, Rental, BRRRR

7 N Harvard Ave is a unique commercial property in Tulsa, OK, with strong potential for a value-add investment. Previously a bakery and later a cannabis dispensary, the property is in need of rehab and presents an opportunity for a commercial-to-multifamily conversion or mixed-use redevelopment. With the right strategy, it could be a great flip, rental, or BRRRR candidate.

Financing Plan:
Acquisition Options:

Hard Money Loan – Quick financing covering up to 70-80% of purchase price and 100% of rehab.
Conventional Loan – If the property qualifies, 20-25% down ($44K-$55K).
Seller Financing – Potential for a creative financing deal with low upfront capital.
Private Money – Partnering with an investor for funding with agreed returns.
Rehab & Holding Costs:

Estimated rehab budget: $XXK (to be determined based on inspections/contractor bids).
Funding rehab through hard money, private lenders, HELOC, or personal funds.
Exit Strategies:

BRRRR: Rehab, rent, and refinance to pull out equity while maintaining long-term cash flow.
Flip: Sell post-renovation at ARV for a profitable exit.
Rental: Convert into a long-term rental or explore short-term rental potential for higher cash flow.
I’m currently evaluating the best approach and open to insights from investors experienced in commercial conversions, BRRRR, and Tulsa’s local market. Let’s connect!

How did you finance this deal?

Personal finances.