All Forum Posts by: Account Closed

Welcome, Matt. I've been investing in that same area for a few years and it's definitely night and day since I bought my first rental in Jefferson Park. Good luck!

Just so you know, Foremost is a wholly owned subsidiary of Farmers.

My investment properties are in OKC and all of the policies are seeing about a 25% rise on renewal due to Farmers increasing their rates on investment properties. I know this is very area-specific as well as affected by other variables such as credit, etc, but does anyone have recommendations on affordable coverage?

Did you sir just call Robert Kiyosaki a communist?

I think it's a bunch of drawn-out platitudes wrapped in a nice little fictional tale that he pawns off as his real-life experience. He sends my b.s. meter to 11.

apparently, I'm not the only one:
http://www.johntreed.com/Kiyosaki.html

What's your mortgage rate?

Reeks of desperation. Many of those loans have been sold off and packaged as investment vehicles. Further, due to the lax lending standards in place, a lot of people got into homes they couldn't afford in the first place. There isn't any help for them. Further still, It is becoming increasingly difficult to obtain credit, with jumbo loans( >$400k, I believe) even tougher to come by. This is affecting demand. Where the overall economy is heading isn't going to help any, either. The credit bubble is going to have to unwind on its own.

Although it would be a worst case scenario, look at Japan over the past 20 years to get an idea of how bad it could get.

Depends on your market, but I don't really think the odds of there being an uptick in any market are very good right now. Some will stagnate, many will drop... You might even see a few dead-cat bounces. A few choice locales are probably a good buy, but I wouldn't venture a guess.

Oklahoma City is really taking off. In the early 90's, with a dying urban core, the city took drastic action with citizens voting in favor of a sales tax increase for a program called MAPS(metropolitan area projects). This program injected $300 million into downtown area projects(see link for more info). A study has shown that these projects have attracted an addition ~1bil of private investment into downtown. After the completion of these projects in 2004, citizens voted to extend the duration of the tax to inject $700 million into the troubled Oklahoma City school system for renovations, new construction, etc(ongoing, see link). Currently, a plan for Maps 3 is being laid out that, if approved, could provide for such things as light rail, a new convention center, etc.

The crosstown elevated highway is also being torn down and moved south, and a street-level boulevard built in it's place. This, along with the recent damming of the river(ensuring it doesn't dry out), has generated development interest in the previously undesireable swath of land between downtown and the river. The city has big plans for this(see link "core to shore")

All of this, and it looks like we're about to land our first pro team. The NBA's (formerly) Seattle Supersonics.

As in much of the midwest, properties and cheap and cash flow is prevalent. On top of that, this town is just starting to reach critical mass, in my opinion.

Anyone who is interested, check out the links...

About Maps: http://www.maps3.org/maps.html

Maps for kids(maps 2): http://www.okc.gov/OCMAPS/index.html

Core to shore: http://www.okc.gov/Planning/coretoshore/

Skyline snapshot - status of current and proposed okc developments: http://www.downtownokc.com/Default.aspx?tabid=196

I agree wholeheartedly. Almost forgot, !!

I guess I started when I was 29. That is when I bought a house and decided to hold on to the condo and rent it out.

On top of the condo, I now own a duplex and tri-plex, and have my real estate license in addition to my day job. I'm 31.