All Forum Posts by: Ben Scott

Congrats on starting the journey. With eviction moratoriums and COVID, I imagine there are tired landlords in your market. If you can identify any that own a property free and clear, you could negotiate an 'owner finance' deal. You create a note and mortgage with the owner. Then restrictions are much less than with a bank. Acceptable down payments are 5-10%. Interest rate one above prime. Most tired landlords just want the cash flow, that check coming in every month.  If you take on owning and managing the property, you can pay off your debt with minimal cash down and no ding on your credit. I'd start with your personal network and identify any in your sphere of influence that fit that criteria.

NEW LINK TO VIRTUAL MEETING. If you joined past calls, please note the link has changed. Local and out of state investors are welcome for a round table discussion on real estate in the Oklahoma City market.

I'm sorry you're having to go through this. Did you have an agent representing you on the purchase? Your agent should get a form signed to release the earnest money. There should be language in either the contingency form or the VA loan addendum allowing you retrieve your earnest money.

Bi-weekly real estate meet up to discuss the Oklahoma City market. All are welcome. Local and out of state. Just like minded folks getting together over the internet to discuss OKC real estate.

Throw out an address or deal you're interested in and see what folks say! :)

You bet! We'll meet again on Wednesday, Dec. 2. I'll send you a DM of the link.

Hey @Kaden Dunlevy, I host a bi-weekly virtual meeting every other Wednesday at 1pm. Next meeting will be Wednesday, Dec. 2. Put it on your calendar and look for it on the events page. 

My apologies if you couldn't join. I had distributed two different links and since I opened one meeting it wouldn't let me end that meeting and start another. I'll correct the issue for the next virtual meet-up.

Here is the link

https://nexstar.zoom.us/j/99664973664

Hey @Liam Galbraith, if you're looking at 'up and coming,' I'd check out the northeast part of OKC near the Oklahoma capitol and south of NW 23rd St. This area, in my opinion, is the new spot for gentrification and the price points are still relatively low. If you're looking for cash flow, south OKC is always - south of the Canadian River and north of I-240 - a good bet.