All Forum Posts by: Eric Carlstrom

@Micheal Briscoe thanks so much for the referral! I’ll look forward to connecting!

Hello everyone,

Refreshing a post from 2-3 years ago about best, most affordable property managers in OKC.

I am under contract on a property in NW OKC and would like to speak with a few. Thanks in advance!

Hi everyone,

Rookie here looking to dive in and wanted some feedback i am evaluating a property in a college town in TX. It’s in a desirable area with a ton of amenities for students, so I believe finding tenants will be feasible.

Numbers:

Selling for $210,000

Down payment of 10% ($21,000)

Mortgage rate: 3%

HOA of $175/month

Currently renting for $1,725/month, rented through July of 2021, and already pre-rented for the following year at the same rate.

Property taxes were $4,000 in 2020

Curious what I should be thinking about, and what math experienced investors are doing to determine the feasibility and profitability of such an investment.

Thanks so much. If there are any additional qualifying questions, please ask. I have a .pdf with the projects “assumptions” but understand this is sales material and I should form my own opinion.

Hi everyone,

Hoping to crowd-source some ideas on how to get started. I listened to a few BP podcasts yesterday on self-storage, launromats, RV parks, etc. but was hoping to get a bit more granular on specific steps one should take in order to:

• explore the market (resources for this - where to look, etc.)
• find prospective properties (on-market and off-market)
• valuation methods to gauge the potential profitability
• understand the expectation of costs - aside from buying the property, what other things should I be thinking about?

These are just to name a few. Aside from basic investing knowledge and the podcasts I've listened to, consider my a clean slate with no habits. Any guidance will be helpful and valuable. I do have a family friend in Washington State who owns a few units in a small town that I can tap into for knowledge, and will certainly do so in parallel to this.

Many thanks in advance.