Please DM me if you would like to chat on our current projects  in those areas including market conditions, leads and lead generation.   

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

Hi Ashwin,I do not personally know about this area, but I can give you some insight on how to go about finding out: Investing in properties near I-44 around 63rd and Kelley in Oklahoma City requires careful consideration of neighborhood dynamics, rental demand, and property condition.

@Ashni Modilet's be very clear.you likely will NOT cash flow in the first year, or the first few years, unless you (1) buy something in PRISTINE condition, and (2) you put a substantial amount down.and think about it - the more you put down, the longer it takes to recoup that initial outlay before you actually cash flow.contrast that with a savings account. 

This often involves accepting the highest reasonable offer, considering market conditions and appraised values.2. 

Currently in my first house hack, a duplex I purchased in December 2022 for 444k with an 3.5% FHA, the property was in just good enough condition to qualify.

The type of loan you will need to use will depend on the type of property  and the  condition of it ..

Couple of questions;What condition is the condo in?

In those conditions, it will become recourse to the guarantor.Can anyone please let me know in this case, will this loan still qualify for a IRA loan?

What's the age and condition of the unit?