All Forum Posts by: Ashwin kumar Kovur

Why do you say that?

I am looking at a property which used to be a motel in past, now converted to multifamily in Langley Oklahoma, close to Grand Lake Cherokee. It currently remodeled into 1 3bd/2ba, 3 1bd/1ba and 2 studios and 1 cabin, total 7 all at one place and fully remodeled and tenants in place priced at $550k.

Seller is willing to reduce the price to $485k, but county assessor fair cash value shows as $404k. Can we base our negotiation based off county fair cash value or is it just for property taxes. 

Also, any input in regards to how the rental market is in Langley area around Grand Lake Cherokee. Does it get busy during summer times, so that I can convert cabin to a short term rental.

Any help is appreciated!

These are brand new homes which will be completed in next couple of weeks. I don’t see many 3bd/2ba in area and I was told by my agent that it’s a good thing, meaning there is not much inventory for those and these could rent pretty quick with good rental Comps.

Does properties on I44 near 63rd and Kelley is good area to invest? How are rental comps for 3bd/2ba. Please advise. 

I might be in need of property manage my rental
property. Thanks Ashwin!