Active Rain has a 4 part series challenge about what our value proposition is except I don't like the word proposition. I would rather hone in on what my value is rather than making it a market proposition of how I get the message out. For me, value comes with 27 years of a constant hunger to know more, to do more, and to place the emphasis on being as complete as I can be in what I know. The picture is a cornucopia and that is the way I look at my real estate career, being as complete of a feast of knowledge as possible and this is a few ways I define it.Specialty: I only devote myself to one thing and that is investment property. it doesn't mean I haven't listed, put regular buyers in a care, done short sales, or BPOs. It means having a passion for one thing and creating congruence i... 09/30/2017

I was in San Francisco two weekends ago to speak to an investor group and when I was in town I saw an amazing site which turned out to be the new SalesForce building. When completed it will be the tallest building west of Chicago at 1070 feet and it dwarfs the skyline there. I should have taken a picture but I have this public domain picture from the ABC news channel in San Francisco. It was a bit foggy the day I saw it and the top was shrouded which added to it majestic look. I have been following the development of artificial intelligence in their platform and if I was running a team this would be my CRM even with the $150 per month charge. Now the AI will even analyze your email inbox to let you know what should be your immediate attention. The AI analyzes email content and makes tha... 09/24/2017

Charlene and I have owned our Florida condo now for a little over 1.5 years and we are down here right now enjoyed the ocean and the heat but back to the condo. When we bought it we got a good deal and we thought we had our eyes wide open knowing we would put money into it for upgrading deferred maintenance and with a purchase over $150,000 less than the bubble price is was purchased for we thought this was a good deal. We are still happy with the purchase but on this trip we noticed that even after a repaint that there were new stains on the downstairs bathtub area that weren't there before. We called the plumber who cut out the Sheetrock above it and we saw serious problems that wouldn't not have been caught by inspection, at least not the one that inspected ours.We also saw that thei... 08/30/2017

http://virtualrealestateteam.com. This year I have been dealing with a lot of first time real estate investors who have chosen Oklahoma City as a low risk positive cash flow city. There is much education to do with them on that first property and the questions about a home insurance plan is almost always upfront in the conversations. Crossing effective coverage but not hurting cash flow can be a delicate line but if you are a first time investor i would like to tell you what I tell them.Oklahoma City has very reasonable rates due to a lack of constant large claims. I know we are known for tornados but there has been only three in the last 18 years in the area. However our insurance covers tornado lost just like fire without extra cost. We also recommend loss of income for investors of s... 08/26/2017

When I advise investors who want to buy Oklahoma City real estate investment property I always ask a question, what is your exit strategy? I know that a few times I will get an answer but mostly it is what do you mean? What I mean is where do you want to end up, and what happens if you need to sell the property versus want to? The best was to approach Oklahoma City real estate investing to have a good exit strategy is do I start with equity? Even in new construction this is where we start with equity because of our agreements with builders who net out better deals because of the quantity of investors I bring them, economy of scale works for them. I want to make sure that if any problems befall them in the first five years we can easily sell their property. Then we go onto the long term ... 08/18/2017

Historically when I compute return on investment for Oklahoma City real estate rental properties cash on cash, cap rate, and internal rate of return has been the three main metrics, but we have added another. I am asked by real estate investors what the annual appreciation would be and if you use a gross number for the whole city you get around 3% per year. The problem is that number can be for all properties from $10,000 to $5 million, and there is no way to have that as a figure for your specific Oklahoma City rental home. For this reason we have added annual equity build up as a 4th parameter to determine if the real estate return on investment is worth the money. It is computed as a combination of factors of course starting with typical appreciation but with more determinations. If ... 08/14/2017

 The Oklahoma City real estate market is always a steady as she goes type of a market that normally is balanced but this year we saw a strong increase in the number of homes for sale. This happened primarily in existing homes because we are way behind demand on new home starts. Overall inventory of sale homes shows a 20% increase but pending sales are keeping up. People might think that a big inventory increase is a negative but first consumer confidence is very high and that puts more houses on the market. Second the rapid rise in energy prices, the big increase in aerospace jobs like with Boeing, and companies like Amazon creating it's regional presence here because of the favorable business and tax climate also creates movement. With Oklahoma City being the dominate job market for in... 08/10/2017

Welcome to my Review on Grace Pointe Independent Living in Oklahoma CityTouring some of the great Senior Independent Living facilities in the OKC Metro area for clients and I have found one of the most impressive Senior Independent Living spots! Grace Pointe Senior Independent Living is a top notch community in South Oklahoma City and the Moore Oklahoma area. The details about Grace Pointe can be found here and the website for Grace Pointe will show you how amazing this community is for 55+ Seniors. Some Quick Points about Grace Pointe Senior Independent Living: This is a Ron Walters Innovation that is composed of quality constructed housing, a clubhouse, and amenities that will please anyone who desires to get rid of the overhead of being in a single family home and moving to a communi... 08/09/2017

I entered real estate in October 1989 after 16 years of owning retail electronic stores, so dealing with the public was nothing new to me. In fact I knew I was an entrepreneur at 7 since my older siblings would have me sell their candy for them to win school contest. Going door to door became second nature. Since we were in a foreclosure oriented market still I knew that open houses were the key and I did them at least 2 times a week for the first two years. I was broker when I started so I would get to the Murrah Building at around 3:00 pm on Thursday, park in front, and stay their until 7:00 AM the next morning to be one of the first to book a HUD open house. Many people joined me in that so when you are broke pride is something you can't afford. By using my well hone sales skills and... 08/06/2017

Here's the new list for the upcoming weekend of Oklahoma City Open Houses with Swimming Pools.6212 S COUNTRY CLUB DRIVE, OKLAHOMA CITY, OK 73159 - Oklahoma City Open Houses #1 PickDetails: This is your Dream house, OPEN HOUSE SATURDAY AUGUST 12TH 2-4 PM 3 big rooms down stairs plus study, Master bedroom is up stairs and over 350 sf with a good size full bathroom, all bedrooms with wood floors and ceiling fans, there are 2 1/2 bathrooms in total, kitchen and bathrooms have been remodeled, Kitchen with granite counter tops, Gas stove, 2 living rooms and 2 dining rooms with wood floor, Fireplace, AC unit replaced in 2013, Furnace replaced in 2016, sprinkler system, family will enjoy the huge Backyard with an amazing swimming pool, storage, and you still have a lot of backyard left, cover p... 08/04/2017

OKC Price Reduction Report - July 2017   Price Reduction Report for Oklahoma Real Estate - July 2017 Valerie McEvoy RE/MAX Preferred Properties is proud to share the latest price drops in NW Oklahoma City area real estate. Here are the latest updates on these price reductions! 1608 Blue Bird CIR, Edmond Home Sweet Home..........You have found your own piece of paradise located in the award winning EDMOND Schools. On a cul-de-sac in the Beautiful addition of Cardinal Ridge! This 5 Bedroom and 4 and a half bath home located on more than 2 acres with a FANTASTIC POOL, Hot tub and fire pit! This home has space for everyone to roam, play, exercise, study, office, watch a movie and play pig pong in the FULL basement! The 4th car garage could be used as a shop or lots of great storage. This l... 07/29/2017

One of the joys of living part time in Florida is that we get trees, flowers, and bushes we don't have in Oklahoma and of course, an ocean too. I love all the orchids, sea grapes, and palms everywhere, but on our last time in Florida I noticed this close to our condo. I have come around to orange in my later years, and this struck me as beautiful in color. It makes me think of how sometimes our real estate business gets stale and we quit noticing what is unique about where we practice and we start taking things for granted that might just excite a relocating buyer. If I start to sell in Jupiter which I hope to do, I will be sure to share the awe and beauty that I see. Too often we get caught up in the data and details of real estate and we forget that there needs to be an emotional comp... 07/23/2017

Ron Walters New Construction Homes Thinking that the resale market for homes for sale is a bit stale and you are tired of looking at homes that are too ‘lived in’? Need to feel the clean and upbeat vibe you get when you look at new construction homes in OKC and Edmond? Buying a New Construction Home may just be the answer to your situation! I have been showing and selling New Construction homes in Edmond and Oklahoma City, and I can attest to the excellence of the homes and properties being built by Ron Walters Construction! New construction is full of opportunity for a homebuyer who wants a ‘brand new home’ and loves that new home smell and feel. Ron Walters Construction and New Homes will please even the most discerning new construction home buyer. Why Choose Ron Walters Construction... 07/06/2017

Upscale Exclusive Homes in OKC Gaillardia Luxury Homes If you've ever wondered what it's like to live in million dollar luxury mansions and you want to live in OKC, then you are in luck. Oklahoma City luxury real estate has many quality million dollar luxury home choices in our very own Gaillardia community in NW Oklahoma City. This is an exclusive, upscale, luxury gated community comprised of some of the finest luxury mansion homes in Oklahoma. Luxury is alive and well in Oklahoma City! OKC Luxury REALTORS® agree that this gated community is top choice for discerning upscale home buyers. Luxury Oklahoma Real Estate Oklahoma City Luxury Homes and Mansions for Sale in Gaillardia As a professional Oklahoma Realtor, I have the pleasure of touring and reviewing many of these exceptional lu... 07/05/2017

June is typically the hottest mont with the most demand for Oklahoma City property rentals. Every market has some seasonality to it and in Oklahoma City we are a very school driven market when it comes to single family homes. School is out in May and it typically starts up again in the middle of August, so from April to the middle of July we have the strongest demand. This doesn't mean that we can ent in other months and in fact we can but it requires a bit lower rent, usually $100 a month lower in order to get a tenant. Often we try to do more than a 12 month lease so as to get us out of October for instance, and that often works.We have found an exception to that however. Since we started to build duplex to quadriplex communities we have found no seasonality for a variety of reasons. ... 06/27/2017

Credit restrictions have continued to ease up and the 20% down minimum down payment for Fannie Mae investor loans has now been changed to where you can buy an Oklahoma City investment property for 15% down with mortgage insurance added. The good news is that you can go up to the 10 mortgage Fannie Mae limit if you choose and not have to do the 25% down minimum after 4 mortgages total. As of this video this is only for single family homes so duplexes to quadriplexes still need 25% down regardless of the number of mortgages you have. I recently dealt with a California based investor who did this on purchasing 5 homes. The strategy we put together is to maximize his cash he had for Oklahoma City rental homes so that vacancy issues would be minimized. The other key was we still had good pos... 06/27/2017

When I work with investors who want to build wealth buying Oklahoma City investment real estate they typically buy 5 or more. They may not do 5 at a time but depending on their age, financial ability, and what their ultimate strategy is they buy at least 5 and usually more since Fannie Mae goes up to 10 mortgages for investors. If they are married and both have incomes that can qualify then 20. The reason is two fold. First if you have one property with a mortgage then if it is vacant they are at 100% vacancy and nothing to offset the mortgage payment. if they have 10 then they have a 10% vacancy rate when one is empty and plenty of positive cash flow from the others to still be positive overall. They also are building wealth for the future and when all are paid off then they are a grea... 06/25/2017

After 26 years of selling Oklahoma City rental property I finally got fed up with working with many of the property managers in Oklahoma City. Too many had gotten large and the level of service went down, rents went down, and the quality of employees also where they were just filling positions with anyone. I was also not happy with what I look at as fiduciary duty. When a cold corporate culture takes over from doing the right thing for individuals then it becomes a necessity to step up and take the risks of financing something new. This is not to say that there are no good property managers in Oklahoma City but most are smaller and take care of their clients well. We also felt like staying smaller as well as letting our investors know that we have a vested interest in their success. Aft... 06/24/2017

For those of you who have have cash reserves and want to invest them somewhere to equal the rate of inflation or go beyond it for positive wealth development, Oklahoma City real estate rental property may be the best return for you. The stock market, must funds, and annuities along with binds may be something you should be in but are they giving you the best return? I will always admit by bias for Oklahoma City real state investment but when you get annualized returns of 16% to 20% per year over a seven year holding period it is hard to dispute that this should be in your investment portfolio. This is something that gives you a high rate of return coupled with a lower risk factor. As I have said in previous posts the greatest risk is just putting money in a bank that does not equal the ... 06/23/2017

The last 4 months have been the busiest I have experienced since before 2008. Investors are on the rise in buying Oklahoma City rental property and affordable housing is flying. Inventory dipped accordingly and even higher end homes are seating to sell because of the return of the energy sector to profitability and more hiring. Amazon is now building a large regional facility as well s a sizable office so good things are happening. What I expect to see going forward is more Oklahoma City homes being listed because of the confidence in the economy nationwide as well as local. People don't list their homes if they are doubtful and market confidence is high. Sending sales and closed sales as well as increased volume over last year has happened in every month and we may see a greater than 3... 06/19/2017