Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Clay O.

Clay O. has started 0 posts and replied 101 times.

I live in Sand Springs, have properties in Sand Springs and West Tulsa. If the duplex that you’re considering is the one I am thinking about then all the below apply. They built 5 or six of them right together right off of highway 97. The guy that built them is  an upstanding guy and does the right thing. I have spoken with him a few different times at the investor meet ups. I question how much you can get for rent.  1600 seems a little high to me for a duplex in this area but if you can get it, that just raises what I can get for mine. Some things to consider, trailer park behind the duplexes, highway directly in front. Trailer park is good and highway is not super busy as it just goes between Sand Springs and Sapulpa. Schools will be a great draw for this property and you can be on I-44 in about three miles so if you work in Tulsa no big deal. I currently live about two miles from there and was considering keeping this property for a rental. It’s 3bd 3bth garage and about 1700 sqft. Complete remodel in last year fenced in back yard.  I was thinking I could get 1600 to 1800 in rent and my agent also said the same thing. I am not sure the price difference you can get between duplex and sfh but I think  you can rent a  house for about that same price, if you can find one. Rentals don’t last long in this area. I do know one of these have been for rent for a few months but there are tenants in one of the other units.   Again this all applies if it’s the one I am thinking about. If you want to give me the address or approx location of the one in west Tulsa I can give you info about that one as well  

Good Luck. 

Post: Looking for investors in Tulsa & Owasso, OK area

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

I am interested as well. 

Post: Tulsa Expected Appliances in Single Family Rental

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

I provide stove, dishwasher, fridge and if microwave is built in I provide that as well. My assumption is most don't have a fridge.. but I could be wrong. 

Post: Anyone with experience with REI Nation/ PPMG in Tulsa OK?

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

You might want to join the Tulsa REIA group. https://www.facebook.com/group...

For a PM you might check out Tracy at https://www.rentersplace.com/?...

Post: Are landlords really having to drop rents.

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

My daughter lives in San Francisco and rents are dropping there. Some places are giving free months and free parking. 

Post: Calculations of renting out home

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

@Erika Rogers Can you refinance before you turn it into an investment property? It’s currently your primary so it’s not a lie. You could increase your cash flow. 

Post: Getting an appraisal BEFORE listing a property

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

@Kevin S. I maybe interested if you want to pass along the info. 

Post: Max LTV cashout refi's on Primary residence

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

Instead of a cash out refi you might look at a HELOC. You should be able to find lenders that will go up to 90% and may be 100% LTV. Penfed is still advertising 90% ltv on HELOC.

Post: Offering to let tenant out of lease early?

Clay O.Posted
  • Investor
  • Tulsa, OK
  • Posts 102
  • Votes 88

I would explain that If she is not happy you are willing to let her break her lease. Life’s to short for the hassle. 

Penfed was doing them.