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2 February 2025 | 9 replies
Compared to other towns in Oklahoma.There is also an army base in lawton which helps keep the population high and another reason why the rental demand is high out there!
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21 January 2025 | 31 replies
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16 January 2025 | 13 replies
You will quickly see how you compare in all those categories.
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1 February 2025 | 9 replies
You may need to offer more to sellers and sell to a smaller group of investors (who may buy with cash and/or are willing to work on tighter margins).To help understand your market better, put your name on your competitor wholesalers’ lists and see what they are “offering” and compare those to what you would expect using your current model.At this point I am having trouble getting the property contracted.
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20 January 2025 | 7 replies
I am going to continue to analyze the market until I am absolutely ready to buy with ample reserves and more specific analysis on comparable properties.
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13 January 2025 | 11 replies
I'm not saying "wow, what a deal" or to copy this I'm just saying when compared to SFH or continuing to rent, the 2-4 unit househack is very appealing and thus demand is strong.
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12 January 2025 | 7 replies
I just don't want to buy that close to the water due to flooding concerns.
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14 January 2025 | 4 replies
Primarily desert washes, but also near a creek....So I would go knock on doors and ask neighbors when it has flooded and what they think about the area......maybe call the County water board and ask then what has happened there in the past.
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14 January 2025 | 2 replies
It covers internet, water, trash, cable, and exterior (roof, siding, etc.).
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20 January 2025 | 4 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.