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The Water Cooler
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Best Interest rates or Investment ROI?
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<blockquote data-quote="OKCShooter" data-source="post: 2685728" data-attributes="member: 9994"><p>Sure thing.</p><p></p><p>First, I do own homes in the value range of $100 - $200K</p><p></p><p>If I started all over I'd REALLY focus on the $100Kish range (these are all in Edmond). The reasons being, I can get higher returns and I have a larger prospective pool of tenants. </p><p></p><p>I only buy houses with cash, although there are many investors that finance. Personally, I'd rather own a dozen outright than 60 with 20% down. But, my philosophy is not to have debt. </p><p></p><p>I believe it is best to only purchase within a 15 mile radius of my own home because it allows me to keep tabs on them and also it's a market I can continually learn. </p><p></p><p>Whether it's real estate or some other type of investing I recommend you sit down with someone that has succeeded in the area of your interest....no reason not to use knowledge to save yourself from reinventing the wheel. </p><p></p><p>I've had a few guys PM me asking questions and have visited live with a couple of them...I am willing to sit down with anyone that's interested and Consult them with my principles and show them how I operate my business. I have all the contracts and agreements and contacts to get someone up and running efficiently and with purpose.</p></blockquote><p></p>
[QUOTE="OKCShooter, post: 2685728, member: 9994"] Sure thing. First, I do own homes in the value range of $100 - $200K If I started all over I'd REALLY focus on the $100Kish range (these are all in Edmond). The reasons being, I can get higher returns and I have a larger prospective pool of tenants. I only buy houses with cash, although there are many investors that finance. Personally, I'd rather own a dozen outright than 60 with 20% down. But, my philosophy is not to have debt. I believe it is best to only purchase within a 15 mile radius of my own home because it allows me to keep tabs on them and also it's a market I can continually learn. Whether it's real estate or some other type of investing I recommend you sit down with someone that has succeeded in the area of your interest....no reason not to use knowledge to save yourself from reinventing the wheel. I've had a few guys PM me asking questions and have visited live with a couple of them...I am willing to sit down with anyone that's interested and Consult them with my principles and show them how I operate my business. I have all the contracts and agreements and contacts to get someone up and running efficiently and with purpose. [/QUOTE]
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