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All Forum Posts by: Dillon Laden

Dillon Laden has started 1 posts and replied 2 times.

Post: First deal! Flip it or rent it???

Dillon LadenPosted
  • Contractor
  • Piedmont, OK
  • Posts 2
  • Votes 0

Thank you guys. We are still just concentrating on getting the property move in ready and not sure which direction we are going to go yet. The appraisal will probably determine a lot for us. 

@Will Fraser  it is on the west side. 46th street. I agree all the homework I’ve done seems promising either way. Just have to decide what we want to do personally 


thanks again!

Post: First deal! Flip it or rent it???

Dillon LadenPosted
  • Contractor
  • Piedmont, OK
  • Posts 2
  • Votes 0

Me and my dad have finally gotten our first deal. We are in the middle of Reno now. Our initial plan was to flip it then use that money to start buying and holding.

My question is should we just start holding with this one and re finance our money out of it??

It’s a 730 sq ft 2 bed 1 bath single family in a great area in Oklahoma City. Nw 46 and may ave.

Paid 56,500$ and got an additional loan for 6500$ for Reno. 20% down with traditional bank financing.

After Reno it should be worth around 82-88k. Would rent for rite around 800-850$ monthly.

If there’s any other info that may help your responses let me know.

Just looking for advice and possibly some shared similar experiences.

Thank you guys!