All Forum Posts by: Scott Senner

We finance a lot of the cabins in Hochatown and the two insurance providers that we refer are:

Bobby and Becky Kelly, Oklahoma Farm Bureau in Broken Bow

Brad Nutt, Norment/Landers Insurance in Paris, TX

Both of them are well versed on the STR market.

Hi Melissa, my team and I finance a large number of cabins in Hochatown, as well as other parts of Southeastern Oklahoma, and would be more than happy to share information with you about how cabin financing works. Bigger Pockets does not allow phone numbers or email addresses to be posted here, but I am located in Edmond.

Also, here is a link to our most recent quarterly "Closed Cabin Loan Summary". This document shows transaction data from every cabin we have financed over the past few years. 

It has appraised values, purchase price, cabin size, price per foot, year built, etc. Lots of great information that both current owners as well as folks just starting to research the market have found useful. I hope you will as well. Here is the link:https://docs.google.com/spreadsheets/d/1TSxn8MXG_TF414rw3Ytq...

Look forward to visiting with you, Scott Senner, Interlinc Mortgage Cabin Financing

Daniel, here is a link to a document you may find useful as you do your homework on the Hochatown market. It is our latest "closed cabin loan summary" and has transaction details on every cabin we have financed over the past few years.

It shows appraised values, purchase prices, price per foot, year built, neighborhood, etc. Lots of good information, I hope you find it informative: https://docs.google.com/spread...

Scott Senner, Interlinc Mortgage Cabin Financing

We have financed a large number of cabins in Hochatown over the past few years, and no, the market is not tapped out.

However, we are definitely in the middle of a transition to a more mature market. 30-40% price increases over the past couple of years was obviously not sustainable, nor healthy in the long run. 

The majority of calls that I get now are from investors who are looking at these cabins as a longer term investment, not a "build it and flip it" proposition. 

The Choctaw casino is on track to be completed in December, which is a huge positive for the area. If you are not familiar with this tribe, they do things first class are an excellent partner in every community that they serve.

Hochatown was just officially incorporated in November and will now finally be able to start working on infrastructure projects that have been ignored by McCurtain County. 

However, the cabin market in Hochatown, and SE Oklahoma in general, cannot be looked at in a vacuum. The entire market is driven by visitors and investors from Texas, specifically north Dallas. As long as north Dallas continues to grow, Hochatown and SE Oklahoma are going to be just fine. If, on the other hand, people in Dallas wake up one day and say "Broken Bow, nah, we are over it", then we will have a huge problem, but I doubt that there is anyone that believes that will happen anytime soon.