All Forum Posts by: Chris Cooper

I just listed this 4 plus and it seems like a low cap rate, but surprising getting lots of interest.  What makes my listing most unique is that Each Unit is 931 sq. ft. But Only 1 Bed / 1 Bath.  Just curious, does that make it more or less desirable as an investor?

Built in 2007 and strong tenants. We just don't have many 900+ sq ft properties that are only 1 bed.

@Chai Jonn

I have 2 other investors I work with who live and work in Austin and invest in Edmond / OKC.

I’m happy to discuss your criteria and help you with the area, the returns and a tour of the city.

@Matthew Smith

Yes! It happens in places like Oklahoma as well.

Happy to help. Let me know your criteria!

@Sarah McCluskey

Could you get a better deal down the road when the market turns, Probably? But if this is a “good deal” now, it is only going to be a great deal in the future. AND the better deal down the road.... Buy it too!

As Bob Hope once said, "A bank is a place that will lend you money, if you can prove that you don't need it."

Sure, Pay 100% Cash. Then you can get better terms on your BRRRR because it is considered delayed financing versus cash out refinancing. In addition to better terms, it also removes the 3,6 or 12 month seasoning your lender may require.

Of course the biggest benefit of the Refi is scalability.  

@Douglas Spence

It’s not the typical investor. But 230k with 25% Down renting for 2k. It cash flows and appreciates but not the 1% many are looking for.

@Ashley Keeler

I really scaled up this last year. I have purchased 5 SF properties in the last 10 months. It took me twice as long to do the rehab portion of the properties as expected because I knew a few guys that you could loosely say were a crew but I didn’t know five of them. I planed to rent 4 and flip 1. However, when the lock down in March happened, I realized that I was very vulnerable. So, I sold 3 rented one and finishing up my 2nd rental that I hope to start marketing next week.

I plan to buy 4 more this year so that will put me 9 in 14 months. (10 if you count my new primary that is a full remodel)

All that said I am a realtor and I work at an office that has a property management company and access to subcontractors. So I have a few mentors in the office and flexibility to oversee projects. Looking forward to wrapping it up next year exponentially.

@Curt Davis

1% all day long in Oklahoma I’m C class areas, which are B’s in some states.

@Ganessan Paraman

I have an investor who rents in Austin but has bought three new construction homes in Edmond Oklahoma. Go figure!