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24 January 2025 | 3 replies
That’s great advice Taz, I’m currently working on saving enough money to get started, house hacking is hard for me at the moment because I just bought a house 2 years ago, I would have to sell my house(which is in a great neighborhood great location) and use that money to fund the duplex which isn’t totally out of the question, I would like to keep the house if possible but also would like to get real estate investing more.
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16 January 2025 | 7 replies
The home is a 3/2 in a great neighborhood next to the community pool, park, and playground and located just south of beltway and and I45.We are new to the midterm strategy and trying to figure out what the demand is and the pricing.
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16 January 2025 | 7 replies
With one property, a hotel that doubled as a homeless shelter one neighborhood over shut down and has caused problems for the surrounding areas.
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8 February 2025 | 12 replies
Work with local realtors what makes each neighborhood valuable.
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27 January 2025 | 12 replies
Quote from @Michael Daniel: Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k @Michael Daniel That rent sounds too low for that ARV.
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22 January 2025 | 6 replies
When revenue is low in the first couple of year, so is the interest payment.
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7 February 2025 | 22 replies
Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.
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28 January 2025 | 6 replies
Yes, Oklahoma is a great market to consider, especially for multifamily properties:Affordability: Oklahoma City (OKC) and Tulsa have duplexes and small apartment buildings within a reasonable price range.Landlord-Friendly Laws: Makes property management less stressful.Stable Cash Flow: Properties in Oklahoma often meet or exceed the 1% rule, providing consistent rental income.Growing Economy: Both cities are seeing population and job growth, boosting demand for rentals.Tips for Getting Started:Do Your Homework: Use tools like BiggerPockets calculators to analyze deals and ensure cash flow.Focus on Neighborhoods: In OKC, check areas like Yukon, Edmond, or Midwest City.
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5 January 2025 | 8 replies
When I looked at prices recently they look like they've gone up quite a bit but I know they vary a lot depending on the neighborhood.
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20 January 2025 | 6 replies
We want to plan in the most tax vantaged ways (which includes keeping future AGI as low as possible) and open to new-age and creative concepts.Respectfully ask to keep discussion to topic vs. selling one's self or services seeking new business.