All Forum Posts by: Donnie Lenox

Buy a house with traditional owner occupant financing (usually better terms than given to investors) and then move out and rent it.  Or better yet, buy a duplex and live in half and rent the other half.  It is an easy way to get started without a lot of money since you can sometimes get financing with little or no down payment since you'll be living there.

Welcome to BP @Donnie Lenox from a fellow OklaHOMEa investor.  I live in Broken Arrow, but invest statewide and lived in Bethany and Warr Acres back in the early 2000's.

Nothing wrong with condos, as long as you get them for the right price.  They can be great rentals, but also can be a little harder to sell.  I think they're easiest to sell as occupied rental investment.  But you can definitely pick some condos up cheap that bring in a solid rent return.  Depending on your situation, buying a duplex or multi-unit and house hacking at first may be an even better way to get started. I know a lot of people who start that route and it helps them get going faster by eliminating their own housing expenses.  If you don't know what house hacking is, just search for it on BP.

Good luck in getting started in your real estate business. Be sure to use the tools BP, I wore the search box out when I was getting started, almost anything you search for on here, you can find great answers from more experienced people. Also, anything you can't find, just ask questions here on BP and you will get plenty of answers. Be sure to network with other REI in Oklahoma. Most of us all had help starting out, and are more then willing to help others.

Welcome to BP @Donnie Lenox from a fellow OklaHOMEa investor.  I live in Broken Arrow, but invest statewide and lived in Bethany and Warr Acres back in the early 2000's.

Nothing wrong with condos, as long as you get them for the right price.  They can be great rentals, but also can be a little harder to sell.  I think they're easiest to sell as occupied rental investment.  But you can definitely pick some condos up cheap that bring in a solid rent return.  Depending on your situation, buying a duplex or multi-unit and house hacking at first may be an even better way to get started. I know a lot of people who start that route and it helps them get going faster by eliminating their own housing expenses.  If you don't know what house hacking is, just search for it on BP.

Good luck in getting started in your real estate business. Be sure to use the tools BP, I wore the search box out when I was getting started, almost anything you search for on here, you can find great answers from more experienced people. Also, anything you can't find, just ask questions here on BP and you will get plenty of answers. Be sure to network with other REI in Oklahoma. Most of us all had help starting out, and are more then willing to help others.

@Donnie Lenox

Welcome to REI and BiggerPockets!

What's your goal with the first property? Flip? Rent? Occupy?