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All Forum Posts by: Jacob McCarley

Jacob McCarley has started 2 posts and replied 12 times.

Post: February Oklahoma City Investor Happy Hour

Jacob McCarleyPosted
  • Edmond, OK
  • Posts 12
  • Votes 4

Was planning on attending this but I will be out of town! I'll have to make it out to the next one.

Post: Sout West Oklahoma MF Market

Jacob McCarleyPosted
  • Edmond, OK
  • Posts 12
  • Votes 4

You may want to read this post as well, it has a few things about Lawton that you might want to consider.

https://www.biggerpockets.com/forums/578/topics/483565-lawton-rental-market

If any of you haven't seen million dollar shack yet you should check it out. It talks about this exact topic. It's just a short (23 min) video on youtube, pretty interesting.

Post: Question on Investment Areas in OKC

Jacob McCarleyPosted
  • Edmond, OK
  • Posts 12
  • Votes 4

Thanks @Dylan B., I was looking at flipping and in that area it seems good, but at the same time I don't know if people moving into that area want to spend enough on a house to warrant any profits. Basically I don't want to overestimate the ARV and end up losing money on the deal based on the clientele in the area. That's why I'm leaning more towards rental right now. I would plan on managing the property myself at first, just for the experience really, so I can learn about that side of real estate, but eventually I would either sell this property or hire property management to take care of it for me.

We can definitely meet up anytime, just let me know. I don't know how often you make it to OKC from Shawnee so I'll let you pick the day that's convenient.

Post: Question on Investment Areas in OKC

Jacob McCarleyPosted
  • Edmond, OK
  • Posts 12
  • Votes 4

I was initially thinking of doing some flips, but after analyzing a few properties I realized that the cash flow looked pretty good like you said, so now I'm not sure which way to go. Either way I'll have to find a partner to help support the initial capital investment, but that shouldn't be an issue.

I'd love to meet! I sent you a PM so we can discuss.

Post: Question on Investment Areas in OKC

Jacob McCarleyPosted
  • Edmond, OK
  • Posts 12
  • Votes 4

Hey all! I was just going through and looking at some properties in the OKC area and was wondering if there were any agents/investors that had some insight into the areas around OKC. I have seen certain deals that have good prices, and with some renovations the houses would seem to jump in value, but I'm not sure the area is the most attractive. I've been looking mostly in areas west of I-235, around 23rd/36th streets north of I-44. I am looking for some starter properties as I am newer to REI but wanted to get some opinions before I dive in.

I live in Edmond so I will be able to drive these areas out as well and see for myself what they look like during the day/night as well. If anyone has any knowledge of this area or others please let me know!

I'm a newbie, so take this with a grain of salt. It seems like if the troublesome tenant is in violation of their lease agreement. Was there a clause in that lease  that would allow you to remove them from the agreement and pay out the remaining months of rent? They agreed to live in your property and adhere by your rules, so it seems that when they violate that you should be able to evict them without suffering financial penalty on yourself. 

I'm curious about this though. I hope everything gets figured out without causing too much headache.

@Nathan Allen Wow! What an awesome trip! I went on a trip to the mountains of Peru a few years ago (2012 I think?) and we rode motorcycles for about 1000 miles through the mountains. Very beautiful country there, and beautiful people as well. I would love to make it back down there some day to do a trip like that again.

I'd love to hear more about your experience when you get back here to OKC, I just moved back here a few months ago. Maybe we could meet up for coffee sometime?

Post: OKC Investor Lunch Meet Up

Jacob McCarleyPosted
  • Edmond, OK
  • Posts 12
  • Votes 4

I'd love to try to make it as well, if I can I look forward to meeting some of you.

Congrats! It's always encouraging to hear another story like this, especially for the newbies out there like me. Hope everything keeps going your way!