All Forum Posts by: Deone Doctors

The way I understand it, rental income does not affect unemployment Benefits, particularly if you are reinvesting it and not paying yourself.

But, with the market the way it is in Oklahoma right now, I'd be crazy not to take advantage.

Would selling a 1 year old rental now cause me to lose unemployment?

If not, where's the line? I have 2 more deals on standby that I'll be able to pull the trigger on if this one sells...

At least one of those would be a fix n flip.

I've searched all over the web and read all the fine print in the unemployment, but this seems to be a very grey area.

Put me in the loop, please fellas.  Love to see you there.

Great area.  I concur with everything Tod has said.  Lots of potential growth.  It is essentially part of Tulsa.

Chandler park is there also, which is one of the bigger parks in town.

@Kyle Critchnau

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@Kyle Critchnau

Throw me on there too, please sir.

Check out William Gomez with Supreme Lending. When he was at BOK he put in a lot of work for me to close fast.

He also hooked me up with the realtor who represented me on my last purchase.

We saw something in Sand Springs.  It was a disaster though.  What are you looking for and what kind of financing? 

Yeah, I'm down for a Meetup in any setting. But if it's a golf. Meetup, you guys better clear your calendar for the day.  I'm gonna need help finding my balls. 

@Daven Joseph

There has been a few over the years. @Deren Huang I think was running one awhile back.

Tulsa seems to be getting a lot of play from the investor types and on BP these days. So there may be a bit of a demand.

I'll definitely show up when I'm in town. Which is very very seldom for the next 908 days or so, as I'm going to still be a Pipeliner until then.

I think something that would help with keeping it going is to have an agenda/themes for the meetings. Anyway, best of luck!

@Moritz Bode

Pure fix and flip in Tulsa is a crowded market. Not impossible, but it's pretty competitive at the auctions right now.

A lot of investors are focusing on areas surrounding downtown, but south and midtown are stable and nice-ish areas.

I'm currently focusing on c/d class properties, there's a lot of them (northwest, north, and west of downtown). I should probably consider trying some nicer properties, but am admittedly a little scared to wrap up that much cash (been considering a hard money loan with an online but pricey hard money lender).

I'm willing to do a pure fix and flip if I can add a bunch of cash. I'd want 30-50k to do one though, and the margins a lot of these guys are looking at is 10 to 20 (and running 2 to 3 at once every three months). Hence the auctions being so competitive.

What I'm specifically trying to do is the BRRR method, which is pretty great. In that if you can get your money back out, have equity, have a rent roll, you're losing nothing but gaining something for the long term. The downside is you end up with renters, and it can feel like the work isn't worth it until you get up to 5 or 10 (depending on cash flow). But imagine having 50 making you 200+ each.

Appreciation in Tulsa kind of sucks, but the stability of the housing market is pretty sweet.

In any event, it's good to know what your

strategy is, and become an expert in that strategy. It's can be detrimental to be too committed to any one strategy though. Don't stare a gift horse in the mouth if it wanders up.

Bigger Pockets has been an awesome resource for connections, stay active and take action and most of the folks here will bend over backwards for you.

I'll be happy to share any of my contacts with you, though I'm new and definitely still building my team.

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