All Forum Posts by: Tom O'Stasik

Tulsa has been a great market to invest in. Landlord friendly laws and cash flowing properties. Lots of properties in that price range, but just like everywhere else, inventory is really low, and finding them is the rub. I'm an investor and realtor in Tulsa. I frequently work with investors from out of state. I'm happy to connect and discuss offline.

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Hi @Kyle Plunkett, I've looked at that area with some interest in acquiring a rental. If it's under market value, it may be a good move. I'm happy to discuss it with you if you want another opinion on the particulars of the deal. My concerns with rentals in that area was a slight decrease in the renting clientele. My personal preference is to acquire A or B class rental properties.

Originally posted by @Kyle Plunkett:

I could use some feed back here. I have an opportunity to buy a house just slightly under market value in new Tulsa, in the older neighborhood around 41st and 209. Does anyone have any feed back on if this area would be any good for a rental property? My concerns are all the new construction in the area and being pretty far outside of town.

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Hi Adia,

I live in Tulsa and am an investor and realtor. I'm happy to connect and help any way I can.

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Hi Daniel, did you ever find a place to buy?

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Tulsa, OK is a great market for investment properties. Typically they cash flow. The avg home price is 30% below the country avg. I'm a realtor and investor in Tulsa. Let me know if you'd like to chat.

2 Votes

A friend in Chicago has had to drop his rents in two units. I haven't had this issue in Tulsa

1 Vote

Hello Niomi,

I'm an investor and real estate agent in Tulsa, OK. Tulsa is a great market for an investment property as the real estate prices are 30% below the national average. I'd be happy to chat with you, let's connect.

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Cayla & Hannah, I'd love to get together for coffee but I am not available at that time tomorrow. I am available Thursday afternoon.

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Tulsa, Oklahoma

Hi Cayla,

Welcome to investing, I'm happy to connect. I'm a real estate agent and investor myself. In response to Terre, there are a LOT of duplexes in Tulsa, but people typically don't part with them.

1 Vote

Tulsa, Oklahoma

Hi Erika,

I did exactly what you thinking about doing. My concern was that I had a house that was way nicer than your typical rental. It's worth ~$300k and I built it in 2012 with a lot of extra nice finishes. I use this calculator all the time for evaluating properties including my own. www.calculator.net/ren.... So far everything has gone well since I rented the house in May. I currently cash flow $700 a month after all my expenses. You definitely won't get a better % rate if it's labeled as a rental property, you'll want to refinance before you move out as your primary residence.

I'm in Tulsa if you'd like to connect. I'm an investor and I just recently got my real estate license as well.

1 Vote

All Forum Posts by: Tom O'Stasik

Tom O'Stasik has started 4 posts and replied 119 times.

Post: Looking at investing in Kansas city

Post: Rental Properties in Tulsa

Post: Rental Properties in Tulsa

Post: Anyone in Tulsa Oklahoma?

Post: Out of State Investing

Post: Are landlords really having to drop rents.

Post: New Investors w/100k

Post: Connecting with Tulsa

Post: Connecting with Tulsa

Post: Calculations of renting out home