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The Water Cooler
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For those of you who own rental property in OK...
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<blockquote data-quote="mr ed" data-source="post: 3233175" data-attributes="member: 6777"><p>I have 12 that range from $ 350 - 1000 a month. </p><p>The $350 one is a real nice 1 bedroom and the guys been there almost 30 years and maintains it himself.</p><p>Most of mine are in Gilcrease hills / Skyline ridge which is a nice neighborhood.</p><p>I buy fixer uppers and the most I paid was $69k for a 1750 sq ft brick from the original owner. All of the others I paid $50k or less.</p><p>This was in the last 3 years not 20 years ago.</p><p></p><p>You couldn't give me a duplex or triplex or apt building. I grew up around those as that's what my parents and grandparents had.</p><p>One renter gets mad at the other and they want you to be referee, then they both get mad and the good one moves out and you end up evicting the other one.</p><p></p><p>Don't provide a refrigerator! Don't know what it is but renters are constantly tearing them up.</p><p></p><p>If you got cash try the sheriff sale, but screw Tulsa county, they over appraise the stuff. You can buy good stuff at the Osage county sheriff sale because nobody wants to drive to Pawhuska. Gilcrease hills is Osage county.</p><p></p><p>Like was said previously if they got good credit they can buy. </p><p>I do a drive by of where they are living now and knock the door to see if they really live there. You would be surprised how many give a relatives address cause they live in a dump.</p><p></p><p>oscn.net is a must.</p></blockquote><p></p>
[QUOTE="mr ed, post: 3233175, member: 6777"] I have 12 that range from $ 350 - 1000 a month. The $350 one is a real nice 1 bedroom and the guys been there almost 30 years and maintains it himself. Most of mine are in Gilcrease hills / Skyline ridge which is a nice neighborhood. I buy fixer uppers and the most I paid was $69k for a 1750 sq ft brick from the original owner. All of the others I paid $50k or less. This was in the last 3 years not 20 years ago. You couldn't give me a duplex or triplex or apt building. I grew up around those as that's what my parents and grandparents had. One renter gets mad at the other and they want you to be referee, then they both get mad and the good one moves out and you end up evicting the other one. Don't provide a refrigerator! Don't know what it is but renters are constantly tearing them up. If you got cash try the sheriff sale, but screw Tulsa county, they over appraise the stuff. You can buy good stuff at the Osage county sheriff sale because nobody wants to drive to Pawhuska. Gilcrease hills is Osage county. Like was said previously if they got good credit they can buy. I do a drive by of where they are living now and knock the door to see if they really live there. You would be surprised how many give a relatives address cause they live in a dump. oscn.net is a must. [/QUOTE]
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