All Forum Posts by: Blair Sutter

Congrats, Josiah. When you're ready, please share more about those "creative investing strategies" you spoke of regarding the 12-unit. 

I'd recommend talking to a good civil engineer that is familiar with the local subdivision guidelines. He/She would be able to discuss utilities/platting, and as stated above, a rezoning may be required.  

I’m looking for some recommendations for some article topics. Are there any legal topics connected to real estate, contracts, construction, etc. that the forum would like to know more about? Articles would be specific to Oklahoma law.

Location?

Morgan, 

Hope you found something in OKC. If you didn't, I would talk with our friend Andrew H.. He's a realtor now and is a stud. He mostly sells in the urban core so he seems to be in the area that you are looking. He helped me buy my rental in the plaza. Lets talk real estate soon. All the best!

Brandon,

For duplexes and single family homes, I would recommend Sterling Property Management. I have worked with them in a different capacity and they are very professional. I currently manage my small portfolio by myself, but will most likely be looking for a good manager soon. All the best!

Torrie,

This may be too late to help, but if you have a particular issue, I could help steer you in the right direction. I am in the industry and know several attorneys around the OKC, just let me know. 

All the best,

Blair

Josh,

As you have probably seen, most listings on Loopnet and commercial real estate sites list the Cap Rate on the term sheet. I tend to think that these calculations are untrustworthy and prefer my own but the brokers calculation gets you started. Lately, I have seen 7caps and 8caps on older multifamily properties that were recently remodeled located around the Paseo and OCU, and 10caps on similar properties that were not recently remodeled. But I would be interested in if you find something different. 

All the best, 

Blair