All Forum Posts by: John Kunick

Rubin, good luck.  I sent you a colleague request.  I've helped mentor several others in the Tulsa area.

Jeff, I agree that greed played a role.  But, government and liberals started it in 1976 with Community Reinvestment Act.  Without that, nothing else would have happened.  

Jeff, this might not be politically correct, but what got us into the financial crisis/real estate crisis was GOVERNMENT.  Yes, banks and mortgage brokers were doing stupid stuff, but it was simply due to government and stupid liberals getting involved via Community Reinvestment Act and the resultant incentives to have people into homes that could not and should not have been getting loans in first place.

Pisses me off when I hear people blame banks and others for those that lost their houses.  My question:  Who held a gun to those people's heads and forced them to take out loans?  HMMM?  The only response is that those people were too stupid to know what they were doing?  Really?  If the government (Barney Frank, Chris Dodd, Bill Clinton, Jimmy Carter, Franklin Raines, etc..) would never have incentified banks to make those loans, none of it would have ever happened.

OK, stepping off the soap box!

Jeff, Tulsa is a great place to buy and hold.  I own lots of 3BR/2bath homes and manage them myself.   Sorry that no one is calling you back.  That sucks.

Agree, the demand for good rental properties is spectacular here.

Like, Rocky, I live on other side of Oklahoma in Tulsa area, we have concentrated on this suburban area.  Very stable market even when other areas tend to be more up/down.  Our rents and values have been rising slowly and steadily over last several years.  The demand for quality rental properties is amazing.  I can usually put a For Rent sign in the yard and have 25 calls in just a few days.

Best of luck!

Kyle, good luck and welcome! My wife and I have been able to become financially independent over the course of last five years by investing in SFH in the Tulsa area. One of the keys is we live here and are able to manage them ourselves. Know your target audience (not only the type of tenants you are comfortable with, but also the type of house that suits the tenants) and make sure you are comfortably capitalized.

@chriscavner

As I've always stated, it all depends on your goals and objectives.  Mine is long-term cash flow for retirement.  Interestingly, I just reviewed the market values of all of my properties.  Yes, they have all appreciated nicely.  But, so what?  I do NOT want to sell them as they are golden eggs.  So, I don't care one whit what the appreciation is.  What I do care about is the ability to produce consistent and increasing cash flow (property that is desirable in a market/neighborhood where rents will increase over time).  Know your goals and stick to your knitting!

Kody, we do the SFH turnkey here is Tulsa and get 15-18% ROI. Buying the right house in the right neighborhood is key. And then not over-paying for that house. Got to be picky.