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All Forum Posts by: Lucky Tiderman

Lucky Tiderman has started 8 posts and replied 28 times.

Jared, out of  curiosity I did a search (county name) sheriff sale. In the 2 county's I searched I was able to find the list of foreclosure and the date of the sale. Hope this helps!

Welcome Vivien! What part (City) of Oklahoma?

Post: Leveraging existing properties

Lucky TidermanPosted
  • Investor
  • Edmond, OK
  • Posts 29
  • Votes 5

Bob, that's to aggressive for me at this time in my real estate investment career (this will be my 3rd investment) but I will keep it in mind for the future. 

Post: Leveraging existing properties

Lucky TidermanPosted
  • Investor
  • Edmond, OK
  • Posts 29
  • Votes 5

Commercial building with 4 years left on a NNN lease

Post: Leveraging existing properties

Lucky TidermanPosted
  • Investor
  • Edmond, OK
  • Posts 29
  • Votes 5

Thanks Paul, I like that idea!

Post: Leveraging existing properties

Lucky TidermanPosted
  • Investor
  • Edmond, OK
  • Posts 29
  • Votes 5

Do you have an opinion on leveraging an existing property(s). Example - my first property is a 3000 square foot building that sits on a half acre lot in downtown with a zero balance. I'm considering pulling some of the equity to fund a flip. The flip will cost me around 150K.

Numbers on existing property:

Current rent $4500.00, taxes $176, insurance $184, capital savings $300, new mortgage payment $1174.50 = positive cash flow $1665.50

What am I overlooking - What should I look out for?

Post: Real estate investor in Oklahoma

Lucky TidermanPosted
  • Investor
  • Edmond, OK
  • Posts 29
  • Votes 5

Thank you both!!!

Any real estate investing network groups in the OKC area other then REIA that you would recommend?

Post: Real estate investor in Oklahoma

Lucky TidermanPosted
  • Investor
  • Edmond, OK
  • Posts 29
  • Votes 5

I'm having a hard time calling myself a real estate investor but I do feel like (with your help) I'm on my way. I bought my 1st rental property in OKC in Apirl of 2015, and June of this year I closed on my 2nd property. I still feel like  a total newbie but I am looking forward to meeting  like-minded real estate investors in the Edmond, OK area to network with. I'm also looking forward to learning from the BP community.