All Forum Posts by: Deborah Burian

Jay Hinrichs - you have piqued my curiosity - what small businesses do you think would fit this category that wouldn't essentially be 'buying a job?"

Edit: - I saw your previous reply - n'mind...

Yes, that includes ductwork, and we would put a 2ton condenser in a 900 sf house.  Your mileage may vary.

Can you give us a general idea of neighborhood?  Historic? Urban core?  Your description of gentrification makes me wonder...

@Alexander Warren Leitch - welcome from a fellow OKC investor. Just to add a contrarian view, and it's my view, not the final answer; we started with an LLC, while it did affect our financing we liked it for a number of other reasons, not least of which was there was no question as to what was business and what was personal as far as taxes and income. Also, when we were ultimately too large for Fannie/Freddie financing, we already had a terrific relationship with our commercial lender and easily moved properties into a portfolio note.

The question of how any LLC income is taxed has a number of potentially moving parts and is too complicated for a forum, best referred to a qualified CPA.

If you DO purchase in your name and later transfer to an entity - it is easy and inexpensive to do through a title company.  For reasons too complicated to go into here we've done it in Oklahoma County and it was very simple.

If you have any questions or just want to talk real estate, feel free to ping me.  Texting works better than calling.

@Taylor Holden - welcome to from a fellow Oklahoma investor!  I understand the Tulsa area has some good meet-ups, highly recommend that you attend a few and start to get acquainted in the community!  Best to you and feel free to buzz if you have questions.

@Account Closed - for an additional 2 cents worth, $6000 is about what we pay here in OKC to have heat and air, with ducts, installed in a 900 sf house

I can only get this to post in a weird fashion but I should have also mentioned

@JJ Gritts who runs a dealmakers group as well as an evening meet-up,  The evening group is coming up on the 12th.  

@Jai Reddy - I don't usually attend that meet up so don't know what happened but so sorry you had that experience.  @Paul Choate does a nice lunch (and there are always people there) that might help you connect with folks.

Love, love, love    J Scott's book on estimating rehab costs.  Spend some time going through the worksheets.  Make yourself a date to go hang out at a Home Depot or similar store and check local pricing for yourself.