All Forum Posts by: Kiera Underwood

@Rudolph T. I've only had one on two properties for two years and I've probably broken even. The best PM I know doesn't suggest it unless you have major mechanicals on the way out!

@Tanner Shore look for teams that have great reviews. Ask to talk to their past clients and look over past deals. If many people that work with them are telling you they're great, better chances you're in great hands! @Jose Pena and @Greg Ko were in similar shoes recently. Happy to answer any questions! 

@Kyee Bo it's possible in OKC but you'll very likely have to do the 10k in renovations to get cash flow that high. Normally you're looking at cash flower closer to $180/month. Happy to discuss! 

@Marcus Long had great advice!

I want to emphasize the "living in it" portion of things. This is the key to not having much, but getting a lot. Little to none will be required to buy the home if you're able to live in it for a year. 

Good luck!

I see a lot of coastal investors coming to OKC to stretch their buck. You could get 7 properties that cash flow as is with 150k here. We've got population growth, a lot of insulation to recession and obviously an approachable price point. Something to consider! Even if you're not looking at Oklahoma I'm happy to answer questions. Good luck! 

@Rudolph T. I've found that they're helpful if any of your major mechanicals are much older and on their way out. Many times for smaller repairs you end up paying a trip fee for them to tell you that the item you're wanting to be corrected isn't covered. Happy to answer any questions around this!

@Joe S. it is! I want to emphasize that was a value add play. The buyer bought with 20% down and then had to do a 8-11k upgrade to push that rent rate. Typically if you cash flow as-is you're looking at closer to ~$150-$180/month. 

@Daniel DeJoie I like that all caps intensity haha! Happy to talk with you about OKC. You can pursue turnkey here and I really like just a step outside of turnkey: cash flowing as-is, but not fully renovated for a much more approachable price point.

@Joe S. OKC has 50k houses. They are typically in a higher risk area, but nothing crazy. I looked at one last week that was in a very blue-collar/predictable area. It has value add potential to push cash flow to ~$200/$250 per month. Happy to show you some examples. Good luck!

@Ethan Bowdoin it's where you find a property that will make you money and you move into it for a year. If you purchase with the intent to live in it you only have to bring 3.5-5% down instead of the typical 20% down. In a year you can buy another with only 5% down as long as you move in. It's an easy way to get started.