All Forum Posts by: Lucky Tiderman

Are there any tax pros or cons in owning a vacation rental in a foreign country?

I'm also looking for a CPA in the Oklahoma City area that specializes in real estate investing. 

Thank you for your time and help 

Rhett, I feel you might be a little too modest. Input from someone with your time and experience in the market is what I’m looking for. Thank you for taking the time to reply. Hopefully others will jump in.

Deborah, thank you for your input – very well said.

Rhett, you’re more on track but I’m looking bigger picture. I’m looking at historical data and apply Fibonacci Retracement. If you look at the current Fibonacci trend:

80 to 83 wave 1 up 82.6k to 112.87k

83 to 88 wave 2 down 112.87k to 80.92k

88 to 09 wave 3 up 80.92k to 178.4k

09 to 11 wave 4 down 178.4k to 170.2k

11 to current wave 5 up 170.2k to 208.16k

(The above is based on data specific to Oklahoma.)

If wave 5 is truly a wave 5 then we could be looking at the real estate market retracing back to the upper 170k range (this would take years). I say if wave 5 is truly a wave 5 because waves 4 and 5 could turn out to be a continuation of wave 3. For that to happen Oklahoma would need a major boost to its economy – like a major corporation bring 1000’s of jobs. It could happen and we’ve seen it before with GM. I haven’t heard of any talk since Bowing and Fait, has anyone else?

There is a lot more information, thought, and detail I’d like to include but I feel we’d lose track of my original question.

I wanted to reach out to the Oklahoma City Area investors and real estate pros for their take on the OKC area real estate market:

Has the OKC area real estate market peaked (or near its peak)?

What will drive the OKC area real estate for the next 5, 10, 30 years?

Will prices keep up with inflation in 5 years’ time?

Thank you for your time and input.

Karen, every relationship is different but our situation is similar in the fact that (at first) my wife supported me in my RE investing but really wasn’t interested in being involved so I thought I’d share my story with you.

When I bought our first property I was very excited and wanted to show her the property. As we walked the property I could tell she thought I must have lost my mind. To her defense, I had just spent 120k on a building that had been vacant for 30 years. I had done my homework and was confident this would be a good investment so I ask her to have faith in me and give me a little time. Four months and 40k later we walk the property again. She could not believe it was the same building, then I handed her a copy of the appraisal for 307k. The next year when I started working on our 2nd RE investment she was a little more interested and now that I’m working on our 3rd RE investment she is showing even more interest.

My point is - now that she has seen the monthly positive cash flow and can see the potential she is showing more interest with each investment. She is still not "involved" in the day to day but is starting to share the same excitement.

I own some lots in a metro area and would like to build 2 new buildings with 10 rental spaces on the lots but before I do I need to determine if there is a demand. Any ideas on how to determine what the rental demand is for that area?

Levi, you are my hero!

Congratulations on your success!!!

I'm just a small individual buyer that works full time in another industry. I buy one buy/hold property a year (I started in 2015). In 2017 I plan to buy my 3rd buy/hold & build 2 new buildings on lots I already own in OKC metro. Again congrats

I thought I'd reach out to the BP group to see if anyone has attended the above mentioned event and if so did they provide any good information?

I've been to free events that had good information but most have been a complete waste of time.

I understand their agenda is to sell you their products and that it may be an opportunity to network. Other then that if you've attended one of their events I would appreciate your feedback.

Thank you!

I'm in construction, 90% multi family. I'm seeing 8000 +/- new units hitting the market in OKC metro area in 2015/16. Any thoughts on what that will do to the market for older/smaller properties? 

Well put Matthew. Rob, what do the numbers look like?