Buying Multiple Oklahoma City rental properties

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 great example of The Millionaire Next Door with assets that can always be sold or borrowed against. My prime directive is to work with investors who want at least the five Oklahoma City rental properties, and we have plenty of those. How we get there is tailored to where we are trying to get to and of course if you are 30 not 60 your timing would most likely be different, but we will create a strategy that is individual for you. For more information about investing in Oklahoma City rental property, please contact me at joe@joepryor.com.