All Forum Posts by: Gary C Jones

@Dennis Quinn Llewellyn welcome to BP! I am in the Tulsa area. I live in Coweta with my wife.

@Brady Allen Thanks for clearing that up and again...Congratulations!

@Luke Terry  Thanks!  That is awesome.  I will keep that in mind.

Does this effect the appraisal values?  I believe you mentioned that it did, but if you can save money on taxes and if you went to refi and it still appraises for the $100k...that's a win win.

I love it! Congrats! So, your parents purchased the home for $74k using a HELOC on their home.

1. How long after the purchase and your sweat equity did the appraisal of $165k come in?   

2. Your folks sold you guys the house for $105k.  Did you use a traditional loan for this?  If so, what were the terms?

3. Did your folks refi for the $165k to pay off the $74k?  Then, did they sell to you guys for the $105k, then you all refi for the $185k?  -a bit confused on how that all went.  

Thanks!

@Tom S.  I had another idea for a owner finance with my "father in-law".  He owns his father's (now deceased) house in mid town Tulsa and it has been vacant, but in good shape for 5 years now.  I wanted to propose a similar offer to him.  Not sure if doing deals with family is a good idea though.  Your thoughts?

@Tom S.  I have not proposed yet, I just met with my close friend (the son), last night.  His dad (property owner) just got out of the hospital last week.   He is at home now and doing ok, but not sure how much longer he has with us.  I didn't feel it was the right time to bring it up.  His son and myself will be hanging out again this weekend and I am just going to ask what the plans are with his dad's portfolio.  Thanks for checking back Tom!  More will be revealed.  

@Michael Slockers thanks!

@Darwin Crawford any investor friendly title companies you know of in Tulsa, OK area?