All Forum Posts by: Deren Huang

Commercial style loans - after Fannie/Freddy, you may have to go to smaller bank and take a portfolio loan instead. 

Maybe offering a 1st position lien to a private party. 

@Todd Willhoite

That's what I was thinking, the addition of apartment listings within Owasso and Claremore may have brought down the median.  

I have noticed in my personal portfolio a longer vacancy time in tenants also. I think with more people entering into investing and the building of new apartments the competition is tough. 

@Account Closed

Can't comment on the commercial side of things, I just know with the influx of CBD and Dispensaries it has driven the $/sqft for commercial leases very high. It seems like things have cooled off a little bit, but not too experienced within that side of things. 

There are some really cool new developments happening over where you mentioned. Local builders have already broken ground for some larger projects. Nate Garrett (was active on this site not sure right now) is doing a The Village Flats and then another builder is doing mixed use (not sure) on 8th. 

@Wesley Childers

Good thoughts and good luck investing!

@John Kunick

I was shocked to see Bixby, Jenks, and Owasso either dropped in rent value or stay about the same on the chart because I would’ve thought just like you have reported, an increase of 5-8%

I’m thinking the new builds of apartments may be dragging down the median. I know with rising home prices and new builds in the suburbs competition has been fierce both buying and renting.

For me, I have seen a pretty flat trajectory in my rentals if not a small dip, but I am usually at the top end of the rent spectrum because I usually do a renovation and it is basically  brand new.

The rentals I have had an increase on have only been 25-50 dollars per month, approx 2-5%. But in some cases like in the winter months I try to be aggressive and sometimes drop the price 25/mo just to get them filled.

For some of my 2 bedrooms, my direct competition has been the new apartment complexes with the pool and exercise room etc. I have had to be very intentional dressing up either the charm/character of the houses and or keeping rent close to what those new builds are.

Overall, I see an influx of rental properties (both in new apartments and in SFRs) so trying to be competitive with rental rates has driven either the rates down in price or flat.

Merry Christmas to all!

I was able to snag these pictures of the Zillow market overview before they discontinued the services. I actually had the previous market update so we can compare side to side. 

As you can see from Aug 2017  to July 2019 there have been quite some changes to the rental data! 

I am shocked to see that the median rent (according to the Zillow Rent Index) has dropped very significantly. Have you experienced your rental amount dropping these past years? Do you think the median rent has dropped in Tulsa? Why?

On the 2nd page, you can see that the median list price has gone up for some key suburbs of Tulsa, which conflicts heavily with the "ZRI" in some cases. Thoughts?

Any regrets or shocks from this data? Love to discuss with all!

@Bob Malecki

Would love to know the details, please PM

@George Gammon

This is a really great discussion and I appreciate the work and math you put into your original post. 

While Dave may be misleading people when it comes to the annualized return, I don't think it warrants throwing the baby with the bathwater.

Unfortunately, there is really no great financial grounding and teaching in the world today.. Dave does great for simple stuff, but if you are on these forums and actually investing in real estate, there are higher level principles that apply to wealth and etc. 

@Tara Ballenger

Feel free to ask me any questions. 

@Caleb Lund

Do you have a PE? 

There are a ton of residential inspectors here in Tulsa, it may be a good way to travel around and get to know the area before you decide to invest.

Also, that w-2 is gold for getting loans on the 2nd market, I would hold onto a 9-5 as long as you can. 

Reminder Bump! See you all tonight, sorry for the confusion of the times and date.

Hey sorry about the confusion, there is another investor meeting this week hosted by Garrett. This one is for the 18th I apologize