All Forum Posts by: Zac Celli

Hey there BiggerPockets Community!

Does anyone have any good recommendations for home insurance companies in the OKC area?

It would be great if the company also had products that covered construction activities too. Almost done putting our team together in the OKC market and need to make sure we have this slot filled with a strong player as well!

Thanks!

Hey there BiggerPockets Community!

Does anyone have any good recommendations for Title Companies or Real Estate Attorneys in the OKC area? 

Almost done putting our team together in the OKC market and need to make sure we have this slot filled with a strong player as well!

Thanks!

Hey there BiggerPockets Community!

Hoping to find some good information on Birmingham Alabama rent. Can anyone here tell me what kind of cash flow they are seeing for buy and holds in Birmingham? To my knowledge, it is a good cash flow market with decent appreciation. I am not familiar with taxes or insurance of the area, and I don't know the tenant quality of the B or C class areas in the city that would affect monthly repair costs. To be more specific, assumptions below:

Property Value: $100,000

B or C Class Area

Mortgage on the property of $75,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)

Managed by property management company

Net Cash Flow: ??

Hey there BiggerPockets Community!

Hoping to find some good information on Oklahoma City rent. Can anyone here tell me what kind of cash flow they are seeing for buy and holds in OKC? To my knowledge, it is a good cash flow market with decent appreciation. I am not familiar with taxes or insurance of the area, and I don't know the tenant quality of the B or C class areas in the city that would affect monthly repair costs. To be more specific, assumptions below:

Property Value: $180,000

B or C Class Area

Mortgage on the property of $135,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)

Managed by property management company

Net Cash Flow: ??

Hey there BiggerPockets Community!

Hoping to find some good information on Memphis Tennessee rent. Can anyone here tell me what kind of cash flow they are seeing for buy and holds in Memphis. To my knowledge, it is a good cash flow market with decent appreciation. I am not familiar with taxes or insurance of the area, and I don't know the tenant quality of the B or C class areas in the city that would affect monthly repair costs. To be more specific, assumptions below:

Property Value: $100,000

B or C Class Area 

Mortgage on the property of $75,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)

Managed by property management company

Net Cash Flow: ??

Hey there BiggerPockets Community!

Hoping to find some good information on San Antonio Texas rent. Can anyone here tell me what kind of cash flow they are seeing for buy and holds in San Antonio. To my knowledge, it is a decent cash flow market with decent appreciation. I am not familiar with taxes or insurance of the area, and I don't know the tenant quality of the B or C class areas in the city that would affect monthly repair costs. To be more specific, assumptions below:

Property Value: $180,000

B or C Class Area 

Mortgage on the property of $135,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)

Managed by property management company

Net Cash Flow: ??

@Victor S., Thanks for the response! No, I dont know which portions of the city yet, I'm going to be reaching out and beginning discussions with realtors and PMs here tomorrow and this coming month while simultaneously researching areas & submarkets. Any Suggestions?

@Rob Terpilowski, Thanks for the confirmation! Great to see other out of state investors making it happen in OKC!

Hey there BP Community!

I have been evaluating markets (for BRRRR investing) for the past month. I have narrowed it down to the final handful & Oklahoma City (City not Metro) is winning in almost every category except price. The current median home price in Oklahoma City is ~$135 which is proving to be the biggest barrier to entry.

My model is based on $85,000 basis (Assumed 60k purchase & 25k rehab), with $110,000+ ARV, & a rent to value of >.9%. I am worried about the ability the pick up distressed properties near that purchase price, in a good neighborhood, that will allow for an ARV around that value.

However, as Oklahoma City is 650k people & 620 square miles, I am hoping that there is plenty of opportunity to acquire properties at, or at least around, my model. IF NOT, there is wiggle room in my basis amount. I am hoping to find reality for what investors are finding over there.

Can anyone let me know if they have acquired anything for around these values, in good neighborhoods, positive cashflow, etc. in the Oklahoma City, OK market? Happy for any and all input!

Thanks!

Hey there BP Community!

I have been evaluating markets (for BRRRR investing) for the past month. I have narrowed it down to the final handful & Oklahoma City (City not Metro) is winning in almost every category except price. The current median home price in Oklahoma City is ~$135 which is proving to be the biggest barrier to entry.

My model is based on $85,000 basis (Assumed 60k purchase & 25k rehab), with $110,000+ ARV, & a rent to value of >.9%. I am worried about the ability the pick up distressed properties near that purchase price, in a good neighborhood, that will allow for an ARV around that value.

However, as Oklahoma City is 650k people & 620 square miles, I am hoping that there is plenty of opportunity to acquire properties at, or at least around, my model. IF NOT, there is wiggle room in my basis amount. I am hoping to find reality for what investors are finding over there.

Can anyone let me know if they have acquired anything for around these values, in good neighborhoods, positive cashflow, etc. in the Oklahoma City, OK market? Happy for any and all input!

Thanks!