All Forum Posts by: Bryan Terry

I just closed on my first property in Midwest City Oklahoma on Monday. I am also not in the area and I would definitely recommend @Cassi Justiz. She was incredible and was very helpful for an out of state (or country) investor like yourself. Good luck on your journey.

 Thanks for the response.  You make a good point about it improving my exit options.  

Yes!  You are correct, it is semi-detached.  It sounds like I will have to do two separate conventional loans.  Not ideal, but the numbers still work.  Thanks!

Thanks for your response!  Both sides are owned by a single person now and it is a rental.  I plan to purchase it and rent out both sides also (not a house hack).  

Maybe this is a unique local term.  I have also heard them called duplexes, but it is not like a typical duplex in that each side has a unique deed and associated land and taxes even though they share a wall.

I am currently trying to purchase both sides of a twin home.  Each side of the unit has separate deeds.  Does anyone know whether I will have to get two separate mortgages along with all of the associated closing costs, or can I just do one mortgage (which I would prefer)? 

Nice work @Warb K. Wilcox!  Have you been able to find renters yet?  The market is hot in Ogden right now!

@Nathan Allen, I appreciate the detailed response and your experience.  I agree with the stress test to make sure I am growing at a sustainable rate.  I have already done the math and that is why I am looking at a 10 year plan and not something shorter (this is my Aerospace Engineer/risk averse side showing).  I love the idea of passive income coming in while I ride my motorcycle (I am planning on riding the Trans America Trail next--check it out).  I am on the first steps of what I hope is an amazing journey.  

Thanks to everyone for the responses!

Thank you for the information @Cassi Justiz! I have also noticed that it is easier to find a SFH with good numbers than a multifamily property in Oklahoma City. I would prefer a multifamily property, but I am open to purchasing a SFH if the numbers work out better.

Hello @Edgar Abad, I am also in your same area.  I have started looking in other markets to try to find deals that have better cash flow that I can find here in Utah.  Good luck in your journey.