S2 E69 - Judging Oklahoma Homes & Building Real Estate Wealth

About this episode

Will and Terry discuss judging the Oklahoma Parade of Homes and strategies for building real estate wealth through off-market properties and renovations.

In this episode of Beers with Contractors, Will and Terry discuss Terry being “voluntold” to judge the Oklahoma Parade of Homes, touring about 60 homes from Edmond to Blanchard around a $1.2M price point and evaluating categories like staging, layout, craftsmanship, finishes, technology, and lot desirability, while noting energy efficiency wasn’t a focus and that judges largely agreed on top picks. They then shift to Terry and Carrie’s real estate investing, including acquiring mostly off-market properties through networking and direct outreach, and renovating a 1908 building purchased for about $150,000 with estimated renovation costs around $225,000, emphasizing doing much of the work themselves and considering mixed-use tenancy. The conversation highlights how tradespeople can leverage skills, networks, and patience to build long-term wealth via property, plus reflections on communicating with younger generations and basic business-versus-salary tax concepts. 00:00 Introduction 01:48 Parade of Homes Invite 04:16 Judging the Builds 06:45 Energy Code Talk 11:24 Historic Building Purchase 15:41 Rental Portfolio Lessons 20:24 Finding Deals Off Market 24:11 Guthrie Building Details…

People in this episode

Host: Will

Guest: Terry

Topics covered

• real estate investing
• Oklahoma Parade of Homes
• property renovation
• off-market deals
• wealth building
• tradespeople skills
• tax concepts

Keywords

• Oklahoma homes
• real estate wealth
• Parade of Homes
• off-market properties
• renovation costs
• mixed-use tenancy
• energy efficiency
• tax concepts
• tradespeople
• networking

Mentioned in this episode

Products: Airbnb, mixed-use tenancy, energy efficiency, rental portfolio, historic building

Books & works: Oklahoma Parade of Homes

Places: Oklahoma, Edmond, Blanchard, OU

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