All Forum Posts by: Micheal Briscoe

The rates are already a part of my calculations.  More or less due to hail, you’ll be lucky if a roof goes for more than 10 years. 

Some due diligence will be to find out of it has the appropriate decking underneath.

You’re very welcome. And I don’t give referrals out for many people, but Robin will always get the nod.  She’s simply amazing. 

@Robin Buchanan is best in the biz. 

There’s a OKC specific podcast that’s OK. He does have a specific episode on the ‘quadrants’. But OKC overall can be streaky. 

Maybe it’s all relative, but OKC is super competitive right now. I’m actually looking at Tulsa, Enid and Lawton as price points seem more favorable. So far it’s just looking as I like to do some of my own rehab work, but my next purchase may come in one of those. 

If you do go OKC, I can put you in touch with a top notch PM. 

3. You need to hunt harder. Those sound like MLS prices. I've bought two this year that should rent slightly over 1% PP+repairs. Both 100-110kish and should rent for 1100 and 1200.

5.  Typically tenants pay everything excluding taxes, yes.  Taxes typically run ~1% of value.  Tenants pay for mowing.  There is no snow plowing or driveway clearing here.  Appliances:  I’d say 40% of the market provides fridges (I do) and 20% offer washers and dryers (I don’t).  Refrigerators and be a tricky fit in older homes.  I have 2 that require 33” wide fridges.  

6.  Addressed above. 

7.  I can recommend a great one. 

There are several meetups resuming/starting now that things are settling down. I’d suggest getting out and attending some of those and networking. I’m only a step or two ahead of you (3 plus one under contract), and I’m trying to attend as many as possible at the moment. 

There are several investor groups on FB and I’ve actually started using the Meetup Ap. I think there are 4 different meetups geared towards real estate in OKC over the next month. 

 Interesting statistics. Do you have any easy source?  Not doubting, just looking to share. 

I can speak to the 10%+ appreciation, especially in the rental price range. 

OKC is tight right now. Hard to find deals. Wholesale scene is a joke.  You can turn up the rare diamond in the rough but it takes a lot of digging. 

It’s to the point where I’m looking into the smaller sub markets and even out of state (Ohio, Indiana, etc). Most of our own sub markets are seeing population decline outside of a select few near the Texas border (weed industry).  

I’d say it’s about 15-25% of offerings include W/D.  30-40% include fridges. 

My rough estimates. I personally include fridges. Not W/D. 

Are you looking for full turnkey?  The only outfit I know is Table Investments. Never used them, I just check their offerings every so often. 

You might find some stuff in deeper SW OKC or MWC, but inventory in OKC is so low prices are well above 1% rental rates, if using that rule of thumb.