All Forum Posts by: Michael Clayborne

Thank you both for your awesome advice!! It has helped a ton!

@Carrianne Mucho I had not considered calling the Office and having them explain, that would be very useful for what I wouldn't be able to find on the site. 

@Chris McDonald Thank you for taking the time to mess with the CAD site here in Cleveland County and explaining where the relative information could be found, as well as the Tax formula.

Hello BP!

I am currently working on improving my ability to analyze prospective deals. I've been through the Ultimate Beginners Guide here on BP and it explained a lot! Also reading through the forums and blogs has provided me with a greater ability to find information and formulate actual data vs. pro formula found on Zillow and Realtor.com. 

But I am having trouble interpreting the property taxes from the County Records Cards provided for properties, mainly property tax assessments and assessment percentage. 

Is this property tax (Taxable) reported as a yearly amount? And do I just take that amount and divide by 12 to get the monthly amount? 

What is gross and net assessed value, and how do they compare to taxable and market valuations?

Also how normal is it for the Market valuation on the county's books to be out of date?

Thank you for all your time and assistance in helping a newbie off the ground!

Best,

Michael 

Hello Brian!

Welcome to BiggerPockets!! I am also currently learning about how to get started in Real Estate here in the OKC/Norman area. There are many great investors here that will help you out and show you the ropes! There are also many meetups throughout the month in OKC, they include:

1st Wednesday of every month "Coffee with Real Estate Investors" www.coffeewithrealestateinvestors.com

1st Thursday of every month Millionaire Possibilities MPREIA www.meetup.com/MPREIA

3rd Wednesday of every month Landlord Meetup www.meetup.com/Landlord-Oklahoma-City-Real-Estate-...

3rd Saturday of every month Real Estate Wholesalers Breakfast www.meetup.com/Real-Estate-Wholesaler-Breakfast

4th Tuesday of every month OKC Real Estate Wholesalers Network www.meetup.com/Real-Estate-Wholesalers-Network

For entrepreneurship & business in Oklahoma City, we have:

Every Wednesday morning 1 Million Cups OKCwww.1millioncups.com/okc

2nd Wednesday of every month "Coffee with Entrepreneurs" www.okceg.com/pages/Coffee_with_Entrepreneurs

4th Thursday of every month OKC Entrepreneur Group www.OKCEntrepreneurGroup.com

Misc

Multiple times per month"The Meeting After The Meeting" - Dinner with Entrepreneurs & Real Estate Investors www.meetingafterthemeeting.com

The previous list is courtesy of an awesome OKC investor, business coach, and mentor @Ron Harris! I look forward to seeing you at one of the meetups!

Best,

Michael

Welcome to BP Quintin! 

It is great to hear that you are interested in Real Estate as well! There is a really active REIA group in the OKC area, I hear they are really a tight group of investors and colleagues, you should consider checking them out. Along with the REIA group, there are also many free meetups for investors and entrepreneurs. I'm also currently a beginner to real estate and following many of the same steps you are with the UBG and podcast. For those meet up there are:

1st Wednesday of every month "Coffee with Real Estate Investors"

1st Thursday of every month Millionaire Possabilities MPREIA

3rd Wednesday of every month Landlord Meetup

3rd Saturday of every month Real Estate Wholesalers Breakfast

4th Tuesday of every month OKC Real Estate Wholesalers Network

For entrepreneurship & business in Oklahoma City, we have:

2nd Wednesday of every month "Coffee with Entrepreneurs"

4th Thursday of every month OKC Entrepreneur Group

Multiple times per month"The Meeting After The Meeting" - Dinner with Entrepreneurs & Real Estate Investors

Ron Harris is part of the REIA group as well as here on BP and is the one to so kindly share this information with all new investors in the OKC area. He is a local real estate mentor and business coach in the area, and is always open to teaching new investors.

I hope this helps with your real estate journey! I look forward to meeting you at some of the meet ups!

Best Regards,

Michael Clayborne

Hi John!

Fellow Newbie here in Norman looking to get started in Buy and Hold as well. @Ron Harris I second Barrett in saying thank you for the amazing list of meetups, I look forward to attending the ones that my school schedule permits and look forward to learning a ton!

Congratulation on preparing to close in OKC @Sara Cunningham! Also thank you for your comment! From my ongoing research into Norman and the surrounding areas, I am beginning to understand what you mean, definitely with Norman being a typical college town. If I may ask, in your opinion, are OKC homes a better overall or starting investment due to their lower entrance cost?

Thanks again!

Michael

Thank you @Jack Butala, I look forward to all the resources here, and can't wait to get started learning!

Hello Everyone! Newbie to real estate here, I'm primarily interested in learning about real estate investment strategies and how I can get started. I'm a currently a Engineering Student at the University of Oklahoma with no prior Real Estate experience. My goal is to transition into buy and hold single family homes.