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All Forum Posts by: Jacob Tomko

Jacob Tomko has started 4 posts and replied 9 times.

Post: Property Manager in Tulsa needed...

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

@Scott England Hey, do you still have the info on your contact? I would love to get in contact with them. Thanks!

Post: Tulsa REI Attorney

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

@Brent McKee Hey, do you happen to still have the recommended attorney's info?

Post: Tulsa, OK Realtors

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

This is a pretty straightforward post. I'm looking for Realtors or any recommendations to someone who I can talk to about Tulsa's current market. I'm a serious out of state buyer who is looking for first hand knowledge of the area to possibly invest in.  Thanks!

Post: Kansas City & Tulsa Buy and Hold Properties

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

Sorry for the dupe post above. I screwed up linking the name properly so here we go again...

@Curtis Yoder Thanks for the advice Curtis. With our first one or two properties we plan on playing it pretty safe so we're not concerned at the moment about full on 'flipping' houses beyond minor rehab but rather straight cash flow to get our feet wet and avoid any big mistakes right away.

Tulsa feels like the immediate safer bet for this process. Do you manage your Tulsa properties yourself or do you hire out? Have any PM or realtor recommendations?

Post: Kansas City & Tulsa Buy and Hold Properties

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

...

Post: Kansas City & Tulsa Buy and Hold Properties

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

Hi All, my Investment partners and I are gearing up purchase an out of state single family buy & hold within the next 4-6 months. We plan on purchasing more properties yearly and have a long term plan in place.   

We've whittled our list of potential cities down to Tulsa, OK & Kansas City. Since they are only about 4 hour drive apart we'll be making a visit to both soon to help us decide.

Tulsa was picked for straight cashflow purposes. Our thinking is to get a few high cashflow places to start to help us put get more properties sooner and then transition to better potential appreciation markets like KC. Or maybe we should skip Tulsa altogether and start in KC since the cashflow is still good there but a little less. We're still crunching these numbers but any advice would be appreciated. 

We're coming to a point where we'd like to talk to people who have actually invested or know the area well for either Tulsa or KC. Also, to people who have invested from out of state did you go with a Turn Key company? Do you have recommendations? It doesn't look like Tulsa has any turn key properties, unfortunately.

I'd like to get a dialogue going with anyone who is interested. 

Thanks!

Post: Buying out of state, buy and hold in Fort Worth

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6
Originally posted by @Matt R.:

@Jacob Tomko Texas would likely have the highest expenses though. Double the insurance, triple the property tax and double the maintenance. 

@Maatt R. What do you mean by double the maintenance? What makes Texas more expensive for that? Do you mean the property manager?

Post: Buying out of state, buy and hold in Fort Worth

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

Hi All, I'm going in with two other individuals for buy and hold properties and we have whittled down the possible areas to Western Washington & San Antonio but are still interested in Forth Worth, TX. We all currently live in LA and are looking for properties in the 150-200k range.

We have San Antonio as a slight edge over Fort Worth because it's not as highly in demand giving us a higher chance of snagging good deals in a city that still has a very positive outlook on future growth. 

As someone who knows very little about Texas in general, how are the areas just outside Fort Worth? Are they worth looking into for our price range? What areas would we want to avoid in Fort Worth? And most importantly, do you have anything to add to the debate of choosing San Antonio over Fort Worth?

Lastly, are there any rules to be aware of when investing in Texas from out of state? I've heard Texas can be its own type of beast. 

Thanks for reading and I appreciate any help that you can spare. 

Best,

Jacob

Post: Buying out of state, buy and hold in WA

Jacob TomkoPosted
  • Sherman Oaks, CA
  • Posts 9
  • Votes 6

Hi All, I've been creeping on this site for awhile but have finally settled down with my first place in LA and am now looking to buy and hold out of state. So I figure it's now my turn to take a shot at posting. Hopefully the first of many. 

I'm going in with two other individuals and we have whittled down the possible areas to Western Washington & San Antonio. We are looking for properties in the 150-200k range.

 I grew up in Tacoma, WA and have heard nothing but good things about the market. The problem is that it already seems to be getting expensive there and it sits at the higher end of our budget. Are there any other inexpensive but positive in cashflow areas in western WA tied specifically to the Seattle boom? Do those not exist anymore since too many people have already caught on? I figure Olympia is too far down south and Lakewood is tied too much to the military.

Also, are there any rules to be aware of when investing in Washington, especially when out of state?

Thanks for listening and I hope to have many more conversations in the future from this site. 

Best, 

Jacob