All Forum Posts by: Matt Laird

I use a firm for mine.. Prosulum they are trained and really good.. $9.50hr for a highly educated person ready to go to work.. you can choose between 20 or 40 hrs a week.. Paid for themselves 10x easy…

Rich Dad’s son & hotelier, Alan Kimi would be a great story to hear.. We have heard the key notes from the rest you have mentioned multiple times 

I'm looking for an amazing 5 star property manager that deals in SFH in the north OKC metro.. Any contacts you are willing to share? Or Bigger pockets members who are in this area?

Quote from @Andrew Postell:

@Matt Laird any reason why you are trying to focus on JUST Section 8?  There's about 550,000 families that rent in Oklahoma...and only 10,000 have Section 8 vouchers.  That's an awful lot of tenants you are skipping trying to focus on just one thing.  Usually we focus on the property first.  If the property makes sense, and a section 8 person applies - great.  But if it makes sense otherwise then you have a TON more options to choose from. I hope this makes sense how I am describing it. 

I’m looking to get the highest guaranteed rent per sq/ft.. I spoke to an agent at the Oklahoma county hud and she said they have a large waiting list of people who qualify for the 5-6 bedroom vouchers.. That’s near $2k a month in this market.. I feel I can get a $125k investment rent ready for that demographic.. I’m also looking for long term renters.. If it’s the largest house and in the safer part of town that accepts a voucher they will stay much longer in my opinion.. If they are properly screened.. 

I’m also slightly worried about administration enacting another a federal eviction moratorium in this coming recession..  

I may be way off, but this is what I’m thinking.. I’ve had up to 16 SFH, but none Section 8..

Carl, Im in the market Oklahoma County, 3+ bed, large square footage, distressed in A - B neighborhood... Looking for 5-6bed conversion Section 8 play..  Cheap

Id like to find some good deals in OKC as well.. Cash in hand

I'm looking for some advice on the BRRRR strategy for section 8 housing.. I have enough cash to buy the properties outright and for the improvements/repairs before using financing to pull the equity out and repeat..

The questions I'm seeking answers to is, what neighborhoods, is walking score important, are schools as important, & What level of updating are people in section 8 looking for?

I'm currently looking for 3+ bed 2 bath houses in non HOA neighborhoods to convert to legal 6 bedroom homes.. Anyone doing this in a 1.5 million person metro?

Tom wheelwright tax free wealth is great advice.. not too complicated but high level 

Thanks everyone, I'm confident the building was a good deal, the bank in which foreclosed will be financing the property w/20% down, 3 yr fixed 5.1% 15 yr commercal loan .. Just curious about the contents and eviction, The former owner is the tenant & has yet to leave, when I take possession do the contents transferred with the deed? Or do I have some eviction process while I wait, Can I set his junk on the stoop or haul it off? We are wanting to move in asap..

I can really divulge the #s I have a few partners who would not appreciate it..

Its a 5600ft2 Office/ Warehouse on 8.2 acres.

We got the property for 60% of replacement cost. We were able to visually inspect the property(shop is still operating during foreclosure)

We will use it for a business we own, lease it in this area would be $15 ft yr 

It was foreclosed by the bank, They bid us up to amount they were owed.. Taxes are up to date.  No other leins on property..