All Forum Posts by: Damian Young

Sorry, I missed the last one. I will be at tomorrow's meeting.

  Thanks guys! Printed the Landlord Tenant Act papers. The pet fee idea is awesome!!! Definitely gonna have to do that one. I know I'm lower than most homes in my area. They're all around $1,100-$1,200/month, but at $950 I'll be making $270/month more than the mortgage and I figure I'll raise the rent a little every year, as costs and taxes go up. Plus, the only comps I had to go by all had a 2-car garage as opposed to my 1-car and 400+ more square feet than I have. How long are you doing your leases for? @John Kunick and @Callum K.

Hello All:

    I am buying a new home for my family and we are wanting to rent out our current 3/2/1 home at 1802 W. 62nd Street, Tulsa, OK 74132. For the locals, it's West Tulsa in Jenks school district. I have the price range in mind ($950) for what I'm asking for monthly, but I was wondering if anyone had any tips on deposits, pet deposits, laws I should read up on. Also, I am starting out this new real estate journey and wanted to get into buy and hold properties. What are some good reads? I have been using the podcasts and Real Estate Investing For Dummies as a reference and I have the The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner and The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing! by Brandon R Turner on my Amazon list, but I don't know which one to buy first. Any help would be greatly appreciated. Thanks in advance!

Looking forward to it! 

     Thanks for the replies, fellas. Right now I'm looking to start with single-family and multi-family rental properties.  My goal is to have 5 properties in 5 years. No unit limit yet. Just depends on the numbers and if the deal is right. I would like to get out of the "rat race" as soon as possible and move to real-estate full-time, but with the move and the new market, I'll just have to see how the financial situation is sitting when I get settled. I'm new to the market here even, so I'm just getting my proverbial feet wet.

     @Account Closed: Like you said, "prices have gone up," so I'll probably start with a 203K duplex or single-family. 

    Thanks for the add, guys! I've been watching the Bigger Pockets blogs on YouTube for a few months now and the information is invaluable! I currently work for Harley-Davidson, but I have done residential and commercial construction and renovations on the side for the last 13 years. I currently live in Tulsa, OK, but will be moving to Sacramento, CA next year and will be pursuing investments in the surrounding areas. I currently have one single-family rental property here in Tulsa that may go up for sale when I move. I look forward to working with you guys!

     I have done home remodeling on the side and in between jobs for the last 13 years. My current job takes up most of my time now, but I have a couple of guys I could recommend. What type of unit are you looking to flip and what's the time-frame?