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Need advice from interior decorators, investors, real estate professionals, landlords…My wife and I are trying to figure out what to do with an inherited property…buy out her brother’s interest and use it for a rental, flip it, or sell it as is. It is located near MacArthur and NW 122nd street. A 3 bed, 2 bath, 2 car garage home about 1450 square feet. A pretty solid little house…impact resistant roof installed in 2014, new windows replaced throughout, HVAC about 10 years old. Not sure which way I want to go with it…Best sites to obtain information…I’m aware of Realtor.com, Zillow.com and Homes.com, and the Oklahoma County website. Looking for rental information for that area. Websites, calculators, anything would be helpful in order to make a decision.I’ll take any information, advice, criticism from anyone. Trying to drown myself with information…EDIT: I added this in the body but thought I would add it here for any new readers...Additional info: I have a basic knowledge of renovating. I have “fixed-up” three other houses to include scraping popcorn ceilings, texturing walls, spraying/painting interior and trim, laying tile (too old for that now), hanging prefab cabinets, basic electrical, etc.I am retired so time is not a factor like it used to be. The property is about 10 miles from my house and could be checked on.This is all cash, no bank involvement. Have other investments and thinking about not putting all eggs in one basket. Not sure of tax ramifications other writing off tools for the repair work.Brother-in-law is not interested as he lives out of state.I have no clue what people are paying for rentals in the last 20 years.
Need advice from interior decorators, investors, real estate professionals, landlords…
My wife and I are trying to figure out what to do with an inherited property…buy out her brother’s interest and use it for a rental, flip it, or sell it as is. It is located near MacArthur and NW 122nd street. A 3 bed, 2 bath, 2 car garage home about 1450 square feet. A pretty solid little house…impact resistant roof installed in 2014, new windows replaced throughout, HVAC about 10 years old. Not sure which way I want to go with it…
Best sites to obtain information…I’m aware of Realtor.com, Zillow.com and Homes.com, and the Oklahoma County website. Looking for rental information for that area. Websites, calculators, anything would be helpful in order to make a decision.
I’ll take any information, advice, criticism from anyone. Trying to drown myself with information…
EDIT: I added this in the body but thought I would add it here for any new readers...
Additional info: I have a basic knowledge of renovating. I have “fixed-up” three other houses to include scraping popcorn ceilings, texturing walls, spraying/painting interior and trim, laying tile (too old for that now), hanging prefab cabinets, basic electrical, etc.
I am retired so time is not a factor like it used to be. The property is about 10 miles from my house and could be checked on.
This is all cash, no bank involvement. Have other investments and thinking about not putting all eggs in one basket. Not sure of tax ramifications other writing off tools for the repair work.
Brother-in-law is not interested as he lives out of state.
I have no clue what people are paying for rentals in the last 20 years.
