All Forum Posts by: Jeff O'Neal

@Adam Camacho Here's a lease option agreement that I drafted when I was in a situation very similar to the one you're in:

Lease Agreement with Option to Purchase

I rented out the property for 18 months to another tenant (extending the agreement for an additional 12 months at the initial expiration).  After purchasing the property outright, I fixed & flipped it.  I'm not a lawyer, so you'll probably want to review any such agreement with an attorney if you have questions about the terms or validity of the agreement - a couple hundred bucks is worth the peace of mind.

Happy investing!

Here it is:

https://goo.gl/pv3DVM

It's a living document, so feel free to add to it as you come across recommended resources.

Welcome aboard Seth! If you want to hang out and network with other Tulsa BP members, be sure to attend tonight's meetup at Cabin Boys Brewery:

https://www.biggerpockets.com/forums/521/topics/63...

Can't make this one (work-related event in Muskogee) -- catch you guys next time!

I'm taking my RE license class final Thursday at 4:30 -- will try to swing by if I finish up in time.

Would love to be there, but I'm on grand-babysitting duty tonight -- back to the Gathering Place for the 4th time!

Others that might be interested if they can make it on short notice - @Zach Harper @Taylor Johnson

@Jeff Filali @Deren Huang @Samuel Fowler - I hope you guys don't mind, but I've taken the liberty to add your recommendations to the newly-added "Structural and Foundation Repair" section of the resource spreadsheet:

https://docs.google.com/spreadsheets/d/1eW2waQGNxc...

If you're opposed, let me know and I'll delete them.

I guess this is the only way I'll ever get to catch up with @Nate Sanow aka "Mr. Mom", so I'm down too.

Welcome to BP, Roman! Be sure to subscribe to the Tulsa real estate forum to network with other investors and keep up with Tulsa-specific topics:

https://www.biggerpockets.com/forums/737-tulsa-rea...

As for beginning advice, I echo @Michael Slockers' advice above -- get out there, look at properties and make offers!  Before purchasing my first property, I read books and analyzed deals for over a year waiting for the perfect property to come along.  I learned far more by actually "doing" a deal than I ever did from reading a book.  Getting that first deal under your belt will help you gain the momentum you need to carry you forward.

Happy investing!

Welcome to BP, Buck!  Be sure to subscribe to the Tulsa real estate forum to network with other investors and keep up with Tulsa-specific topics:

https://www.biggerpockets.com/forums/737-tulsa-rea...

Happy investing!

- Jeff O.