All Forum Posts by: Rich Somers

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $430,000
Cash invested: $111,000

Small Condo that I bought and rehabbed. Currently living in it and love it in this neighborhood!

Investment Info:

Single-family residence buy & hold investment in San Diego.

Purchase price: $565,000
Cash invested: $113,000
Sale price: $639,000

Civita

I live in San Diego and I'm looking to invest in multi family properties in areas with good rent/price ratios & stable long term economies. My research has brought me to Florida, Texas, and Oklahoma City. I lived in Oklahoma City for 6 months back in 2009 for initial training in my career so I'm somewhat familiar with the area, and i also love the fact that property taxes are so low. I am mostly interested in quads and am also open to commercial properties (5 units +) if I can find the right deal. I plan on using conventional financing with 25% down however I am also open to paying all cash if I can find a great value property for a BRRRR. I've been reading a ton of books, listening to podcasts, and anaylizing deals for the practice in my free time. I have cash saved up & i am prepared to move fast if I can find the right opportunity. Any advice, strategies, or experiences anyone can share with me in regards to OKC multi family investing would much appreciated!

Cheers!