All Forum Posts by: Joe DeClue

Looking to close on a deal that we just found out has 2 bedrooms in the basement and 1 has no secondary egress. Numbers look good - 24% ROI and $400/mo cash flow. What are the liability issues of having a non conforming bedroom? Section 8 tenant is already in place and section 8 has approved the house as a 4 bedroom. Would you still go forward with the deal?

@Chris Cooper

Thanks for the event info Chris. I’ll reach out to you directly to talk about the deals.

@Connie Chan, @Kathy Henley - Thanks for the suggestions. I’ll look into those options.

@Cory K Bente - Thanks for offering to talk. I’ll message you now.

Who has the best HELOC rates and terms for a primary residence in California? We're having a hard time finding anything sub prime. Thanks!

@Jason Gonzales thanks for your insight on the various neighborhoods. Much appreciated!

@Art Perkitny those maps are fantastic! I’m having a hard time trying to save or expand them to see detail. Did you pull those from a website? Thanks for sharing!

@Cassi Justiz thanks for the advice! We'll be sure to check out MWC while we are there. BRRR certainly seems harder to pull off now so we may have to focus on buy and hold. Looking forward to exploring the area this weekend!

@Jason Seay thanks for your insight on the school districts! Unfortunate to hear the current state of the education system in OKC. We’ll certainly take schools into consideration as we narrow down our search. Thanks again for your help.

@Anthony Ward thanks for the recommendations! I’ll be sure to reach out to them. We are headed to OKC next weekend to check out the area. Hope you have a productive visit and let me know if you have any more tips after your trip.

Hi Oklahoma City!

New to BP and am looking for advice in the OKC market. I am working toward my first rental investment and hoping to BRRRR a property and keep the ball rolling to build a buy and hold portfolio. 100k cash budget to get started.

What neighborhoods in OKC are good and where should I stay away from? (hard to tell from crime maps).

Is it better to stay in OKC or focus on any particular suburbs?

Thanks, Joe