All Forum Posts by: Arif Ahmed

Buying a home in Oklahoma del city any one have any leads on home inspection companies?

@Larry Duggar thanks Larry. I think that is they way to go.

@Victor Sprague risk future discomfort and possibly giving the two other tenants a reason to leave is not the worth the risk.

Hey BP family. I have been lurking for years and decided to share and hopefully be lucky enough to get some advice . I purchased my first investment property in nyc queens in 2018 legal 2 fam 765000 with a conventional loan. 5000 gross rental. I have been back in the market for a couple of years and after a couple of outbids and and being priced out. I turned my attention to out of state . I am in contract on a property in Oklahoma, Del city from roofstock for 101k cash and has a new tenant on lease for 950. I looked and vacancy rate and comps using Zillow and and web search I didn’t see any concern. I am aware that I need to be weary of the tenant they have on “lease” may not be reliable. But I felt comfortable with rent comps to procede

What closing cost do I have to worry about ?

When buying cash do I need to secure title insurance or worry about liens on the property ?

Property below 3bd one bath . Owner recent did 15k worth of upgrades kitchens electrical and flooring . The square feet listed at 750k is not accurate and the garage was converted to the 3rd bedroom.

4720 SE 24th St

Del City, OK 73115

@Randall Alan hello Alan any thoughts on market entry. I would also like to to look at new markets for a second rental as cost are high in nyc. The thing I have down I have is to use the census and look at population changes for counties or Google vague searches such as the job growth by states do you have any thoughts on how to narrow down a new market.