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Real Estate Pros · October 19, 2026 · 50 min listen

How a Realtor, Inspector and Contractor Wins Real Estate Deals in Tulsa | Braden Anderson

Key takeaways

  • Braden's 2026 deal volume: 2 personal flips, 4 renovations for clients, 2-3 flips listed for others, totaling roughly 8-12 flips/deals for the year so far, plus new ones in progress.
  • Get your renovation costs (roof, windows, flooring, etc.) estimated before going under contract, not after — Braden describes a buyer who went under contract first and then asked what repairs would cost, which he flags as a likely money-losing mistake.
  • Being a licensed inspector, realtor, and GC simultaneously lets Braden catch red flags during showings before clients pay for a formal inspection, and lets him apply real-time buyer feedback to what finishes to use in renovations.
  • For occupied listings, prioritize cheap, high-impact fixes: tub refinishing (hundreds of dollars), swapping Formica for granite/quartz countertops, new carpet if it's over 10 years old, and checking for wood rot and outdated breaker panels (Federal Pacific, Zinsco, ITE) that can kill FHA/VA deals or trigger insurance denial.
  • 80% of realtors nationwide sold one or fewer homes in a recent year, per Braden — a reminder to vet an agent's actual transaction experience, not just their license.
  • When flipping, use economical, neutral finishes (a 'blank canvas') rather than the investor's personal taste, since buyer-friendly finishes sell houses, not finishes the flipper would want in their own home.
  • For out-of-state Tulsa investors: define your exact strategy first (cash flow rental, furnished short-term rental, flip, long-term hold), understand that moving one mile in Tulsa can mean a totally different neighborhood class, and build a local team experienced with remote/out-of-state clients who can provide video walkthroughs and transparent numbers.

In this episode

  1. 00:00Wearing one hat: realtor, inspector, contractor combined
  2. 01:20What deals look like in 2026: harder to find, more competitive
  3. 03:21Why marrying brokerage and investing is rare but powerful
  4. 07:18Ground-up construction in Sand Springs, Oklahoma: rookie mistakes
  5. 08:59Reading clients: investor vs. first-time homebuyer communication
  6. 14:55Prepping an occupied home to sell: kitchens, bathrooms, HVAC, wood rot, breaker panels
  7. 20:44Why passing the real estate exam doesn't make you a good realtor
  8. 26:36Setting realistic price expectations with written comps
  9. 28:34Investing in Tulsa from out of state: strategy, micro-markets, team

About the guest

Braden Anderson is a Tulsa, Oklahoma-based real estate investor, licensed home inspector, licensed realtor, and general contractor. He started out buying foreclosures, moved into construction and GC work, then took that experience into brokerage. He has flipped houses, built two homes from the ground up in Sand Springs, Oklahoma, renovates properties for investor clients, and works with both local and out-of-state investors.

Listen to the audio

“I really just wear one hat that says real estate and construction. I use my realtor knowledge when I'm doing a renovation. I use my inspection knowledge when I'm being a realtor and vice versa.”

Braden Anderson

“Did you not calculate that before you made an offer and got under contract on the house. That's... you're a little bit out of order there.”

Braden Anderson

“A realtor is not just a glorified door key where they open the door and say, You like this one? ... A realtor is a leader, they're a guide, they're supposed to be an expert.”

Braden Anderson

“You don't know what you don't know. But you're not going to learn what you don't ask about.”

Braden Anderson

“One mile can totally change the market. If you go from pick any spot in Tulsa and move one mile in any direction, that might be a completely different class of neighborhood, class of investment.”

Braden Anderson
Tulsa, Oklahomaout-of-state investinghouse flippinggeneral contractinghome inspectionreal estate brokeragenew constructiondistressed sellersbuy and hold rentals

Questions answered in this episode

How many flips and renovation deals is Braden Anderson doing in 2026?

He flipped two houses himself in the first half of the year, renovated four for clients, and listed two or three other flips for others. Counting deals he had his hands on, that totals around eight to twelve flips and deals for the year, plus new ones he's currently working on, including one he bought that week.

What are the most overlooked issues when selling a house, besides kitchens and bathrooms?

Braden points to HVAC age, water heater age, wood rot, and outdated electrical breaker panels (Federal Pacific, Zinsco, ITE) that are fire hazards and can kill a deal or cause insurance denial. He also flags that FHA and VA appraisers have gotten stricter on wood rot, checking things like doorway bottoms and siding.

What should out-of-state investors know before buying in Tulsa?

First, define a clear strategy (cash flow rental, furnished short-term rental, flip, long-term hold) before investing remotely. Second, understand that moving just one mile in Tulsa can put you in a completely different class of neighborhood, so know the submarkets, not just the city. Third, build a trustworthy local team (contractor and realtor) who have experience working with out-of-state clients and can provide video walkthroughs and honest deal breakdowns.

What cheap fixes can sellers do instead of a full renovation to boost sale price?

Refinishing an old bathtub costs hundreds of dollars instead of thousands and makes it look new. Swapping Formica countertops for granite or quartz can be a strong selling point, as in a house Braden sold in 36-48 hours after that upgrade. New carpet (if the existing carpet is over 10 years old) is inexpensive, changes the smell and feel of the house, and can be advertised as brand new.

Why does Braden think a lot of realtors give buyers and sellers bad advice?

He cites a stat that 80% of realtors nationwide sold one or fewer homes in a recent year, meaning many agents have very little transaction experience. He argues the real estate licensing exam teaches legal compliance, not practical skills like identifying a dangerous breaker panel, so agents often lack the hands-on knowledge needed to protect clients.

How should a new or out-of-state investor evaluate a deal before making an offer?

Pull written comps with addresses so you can compare actual photos and condition, not just price per square foot, since a renovated comp with new bathrooms isn't equivalent to a house with an old vanity. Know your renovation costs (roof, windows, flooring, etc.) before going under contract, not after, which Braden says is a common rookie mistake that leads to losing money.

Resources and links

Full transcript

Braden Anderson (00:00)

I get asked a lot, how do you wear so many different hats? and my response is I really don’t. the manager of Costco some days is dealing with rotisserie chickens and some days is dealing with car tires, but the manager of Costco just wears one hat that says manager.

And I really just wear one hat that says real estate and construction. I use my realtor knowledge when I’m doing a renovation. I use my inspection knowledge when I’m being a realtor and vice versa. And so pulling that stuff together works really well.

Dylan Silver (01:01)

Hey folks, welcome back to the show. Today we’re joined by Braden Anderson, a Tulsa, Oklahoma Real Estate Investor, contractor, and top producing agent who started out buying foreclosures, moved into construction and GC side of the business before taking that experience into brokerage.

Braden, thanks for joining us here today.

Braden Anderson (01:20)

My pleasure. Thanks for having me. It’s great to be here with you and hanging out, learning about fuel and talking about real estate.

Dylan Silver (01:26)

What types of deals are coming across your desk these days?

Braden Anderson (01:29)

Yeah. So on the investor side, deals coming across. I think the best way to describe them in 2026 is difficult deals. It’s harder to find them but I gotta say deals are still out there. I’ve flipped first half of the year, I’ve flipped two houses. I also renovated four for clients.

And had listed two or three other flips for others. So just in my immediate reach, not even sphere of influence, everybody that I know, but just immediate ones that I had my hands on. we’ve done around eight to twelve flips and deals this year, and we’re working on some right now that others are doing that are actually I just bought one Tuesday. and so

what a deals look like right now, what deals are coming across my desk. I think they’re more unique than what they’ve ever been. There’s not as many deals to be had as what there used to be, it seems like, partially because it seems like the investor world has really taken off. There’s more investors than what I’ve ever seen before. and deals that are available they’re a little bit harder to find and more competitive because of that. But deals can still happen.

And you just have to hustle, you have to find them, you gotta know what you’re looking for and you have to know what you’re looking at when you find the house. I’ve walked some houses with people that they think is a deal and it’s overpriced by five figures and if they buy it, they’re gonna lose their shirt. I actually one guy reached out to me recently and he’s like, Hey, I’m under contract on this house. What do you think it’s gonna cost for the roof, the windows, the doors, and the flooring? And I’m like, Did you not calculate that before you made an offer and got

under contract on the house. That’s you’re a little bit out of order there. I don’t know if this is really gonna work. hopefully you get lucky. so I think the number one kind of deal that I’m finding are distressed sellers. and then I’ve had a couple that are people retiring. they’re older, they want to move away from the houses, the portfolio that they built, when they have tenants move out, they’re not wanting to deal with the rehab again. they’ve been doing it a long time.

Dylan Silver (03:21)

interesting that you brought up multiple sides of the business and we were talking about that heavily in the green room.

I’ve seen a trend recently, simply on this show where folks are realtors but they’re also in involved in the investor side. And it’s sometimes difficult. I think that’s fairly uncommon to marry both if you look just at traditional brokerage and who traditionally is a realtor. But if you have the ability to wear those hats and on top of that, you’re G C so you can understand rehab and scope of work.

There’s so much that you can do to assist clients.

Braden Anderson (03:58)

there absolutely is. you’re 100% right. I’m a licensed inspector, I’m a licensed realtor, and I’m a general contractor. And bringing those three together, I think helps me to be better at all three of them. Because when I’m showing a client the house that they’re interested in buying, I will notice things about the house that might be problematic and I can point it out to them before they ever get to the inspection.

And then they haven’t had to pay for an inspection. I’m not out there doing a full two and a half, three hour inspection on a house for everyone they want to see, but I’m looking at some critical components and I can point out some red flags and some yellow flags as we’re going through the shopping process. And then when I’m acting as a contractor, well, I kind of have a pretty good idea of what’s selling right now because as I’m taking clients around looking at houses, I immediately get feedback on what do they like, what doesn’t matter to them. And that helps me to know what’s going to get me the best bang for my buck.

on the renovation side. it I wouldn’t say that being both an agent and an a renovator, a house flipper, an investor, being those being both roles is for everybody. not everybody wants to do both, wants to pivot both. Some people are way better at the client side. Some people are way better at the construction side. And I’ve got my strengths and my weaknesses in both, but

I think that having the knowledge pool of all three of those things together works really, really well. I told you before when you and I were talking that I get asked a lot, how do you wear so many different hats? and my response is I really don’t. the manager of Costco some days is dealing with rotisserie chickens and some days is dealing with car tires, but the manager of Costco just wears one hat that says manager.

And I really just wear one hat that says real estate and construction. I use my realtor knowledge when I’m doing a renovation. I use my inspection knowledge when I’m being a realtor and vice versa. And so pulling that stuff together works really well. Where I see some people try to kind of fumble over themselves sometimes when they try to do both, or try to do multiple things like that. Let’s say they’re a realtor and a house flipper. Maybe they started as a realtor.

And so they think they know, okay, if I get the right tile and the right light fixtures, then I can flip this house and I can do it really, really well. Well, the problem with that is what if there’s other issues with the house that you have not addressed? And a lot of people think, well, I’m gonna get three bids for everything and pick the cheapest bid of those three. Well, and sometimes that might work out, but other times you get what you pay for. And it doesn’t always work out to your advantage to have the cheapest painter in there because

They really might have just screwed up a whole lot of stuff and not giving you a good finished product. And then as a realtor, you’re going, I don’t want to walk people through this. This isn’t what I really want them to see. But you didn’t know that going into it because you didn’t you’re not a contractor. You didn’t know the right questions to ask. You just wanted the cheapest price because you think that’s going to lead to making the most money. And there’s a balance between price and quality. I actually compare a lot of my renovation stuff.

to two major builders. I do showings of their properties. I do inspections of their properties. So I get to go all over their stuff, be all up in their business. And then I go to my own renovations and I try to do what I call builder grade plus. I try to do builder grade plus just a little bit more. And that helps to set my houses apart. And then I because I do things that I know

buyers should see the difference between my houses and the other houses that are on the market.

Dylan Silver (07:18)

do you have any experience in ground up construction?

Braden Anderson (07:20)

I have built two houses from the ground up in Singham Springs, Oklahoma, just right outside of Tulsa. I got those both finished up last year. And it was it was a wild ride. It was definitely there were some rookie mistakes, let me tell you. they turned out well. it was it was a profitable venture. and I’m really proud of what we built, but I definitely had some rookie mistakes with it, a lot of things to learn, as you do with anything new.

I had not done the dirt work and the slabs before and I made the wrong choice in who I hired to get that stuff started, which is kind of goes back to what I was just talking about. I didn’t know the right questions to ask. And now I do, and I’m a lot better prepared to build the next one. And I’ve got one vacant lot that I want to build on right now, but I know I’m much better prepared after doing it the first couple of times.

Dylan Silver (08:06)

You mentioned earlier that, wearing all these hats is not for everybody. And one of the things that comes to mind is, and I’m sure you’ve seen it, I’ve seen it, is that same person who’s kind of a good cowboy and can take the bull by the horn, so to speak, and make fast decisions as an investor might not have the tact, might not have the follow-up that’s n necessary sometimes for years even.

to build a and mine a pipeline in brokerage. Can you talk to that, being able to marry that investor, action decisive with the tact that it takes to walk people through,

set downsizing in some cases. They can’t afford where they’re currently staying and they have to sell and buy or they’re relocating. They’re up against the timeline or, potentially having to be in a situation where there may be negative equity and what do they do? Short sales so forth. Those are tricky conversations.

Braden Anderson (08:59)

yeah, they definitely are. And my I’ve got a knowledge pool of contractor, inspector, realtor, and it all comes from the real estate and construction treasure chest of knowledge. But the application of that knowledge looked different, just like you said. I’ve got one client that he buys investment properties and he hires my company to renovate those for him.

He doesn’t really want me to call him and ask him about paint colors, flooring choices, trim, doors. He just wants me to solve the problem, hit the budget. And there have actually been houses that I’ve done for him that he’s never even walked through. there was one he was at the closing table finishing the deal after I renovated it. And I was like, Hey, what did you think of how it looked? And he was like, I didn’t go over there. They told me to come over here and sign the papers and they’re wiring me the money. Why would I care to go walk through the house?

And that was just his perspective. He was he was owner financing the house to somebody, and he’s never even been in it. but on the flip side of that, outside of the renovation world, you’ve got I work with a number of buyers this summer. I had one set of buyers that they looked at houses online and said, Hey, we’d like to go see this house. We walked in and they said, This is it. This is our house, get it done.

That was the only house I showed them. and we went under contract and they closed on it. They love it. I had another set of buyers, they were first time home buyers that I think I showed them around 20, 25 houses before they made a decision, and then it kind of came down to two, and we went back to those two a couple of times. and so it really comes down to respect and communication. I have to respect.

What is the investor who doesn’t even want to go walk through the house most of the some of the time? What does he need me to communicate to him? what respect do I need to give him to his budget, to his project? He doesn’t want me to call. he owns a CPA firm. He’s busy during the he doesn’t want me to call him to ask, Do you do you want the white ceiling fan or the wood grain ceiling fan? He just wants me to get the one that’s going to look the best in the house. but the folks who are first-time home buyers.

They’re nervous and they have some questions. And it’s always important to do a needs analysis of what does my client need? They all need communication, but the communication doesn’t always look the same. They all need respect, but the respect doesn’t always look the same. With that renovation client, the investor, respecting him looks like not calling him three times a day. But with the first time home buyers, respect for them might look like

Several text messages throughout the day of did you guys see this house? Would you like to see this one? Well, how are you feeling about the house that we looked at last night? they need different types of communication and respect than what the investor client does. And it and it can be tricky to go back and forth because sometimes you just want to pull your hair out. You’re like, who cares what color the living room is? A gallon of paint is $35. Like you can paint it in a Saturday. What difference does it make if it’s not the right shade of gray?

But if it’s not the right color for them, to them, they might not see it as the right house. And so then you have to navigate, okay, do I really need to try to steer them toward this house and talk to them about guys, you can paint these walls, or do I need to help them find another house? And it takes a lot of discernment to do that, a lot of asking, but even more, it takes listening. You need to listen to what the clients are saying, listen to their reactions as you walk through the house. Take notes on your phone.

just as soon as you’re done showing them a house, you get back in the car, take notes of what they said they really like. If they love that there’s a brick fireplace, make sure you are looking at the pictures before you go show them another house. Does it have a brick fireplace? one set of buyers I had, they had one of their parents was moving in with them. So that totally changes the demographic of the house. You got to find what house has like an extra suite, a mother in law suite or two masters or primaries that’s for

supposed call them that now. what floor plan does the house have that can allow for that type of living? that would be an obvious thing to look for. But with an investor, they don’t care what the floor plan is. The investor just wants to know, is the margin there that I need? Is my investment protected? And there’s some bleed over because both the investor and the primary residence buyer, they don’t want to buy a house where the foundation sucks or that the alumin the aluminum wiring is on the fritz or that

the HVAC is 21 and a half years old. unless they got it in their budget to replace it or be able to negotiate for it, there neither one of those parties want that. So there’s some bleed over, but then there’s also some very specific differences. and you just have to recognize who am I working with here? and it’s the same thing on the investor side, if it’s a seasoned investor or a rookie investor. I’ve got to teach a lot of investors

When they’re doing their first flip or their first rental make ready, you aren’t the one living in this house. It doesn’t matter if you don’t love this backsplash. This backsplash might be economical, but that backsplash might be eight times the cost in the thing that you put in your own primary residence. If you’re doing a flip, chances are the economical backsplash that gives buyers or renters the most.

Blank canvas they can see so they can picture themselves living there, not your style there is the way that you need to go. So even on the investor side, you need to listen to some of these things and help try to guide and teach some of these things as you go because I see a lot of first-time house flippers want to pick out exactly what they would want. And that usually isn’t what sells houses. That’s what makes them feel at home. That’s not what gets the house sold.

Dylan Silver (14:55)

I want to talk about that portion of it and not just when it comes to flipping, but also when it comes to sellers who are living in the home, a as the home is being listed and sold in open houses and so forth. Well, what’s important as far as either staging or renovations even that need to be done if someone is living in the home and they’re selling it?

Braden Anderson (15:17)

Yeah, perfect question. So one of the biggest thing everybody always talks about is kitchen and bathroom. Everybody talks about kitchens and bathrooms. and they’re right. The kitchens and bathrooms are an important thing. that’s a focal point of photos whenever people are looking at houses. that doesn’t necessarily mean that you have to always gut the bathroom before you’re selling it. most sellers aren’t going to want to spend that amount of money to do that, but there are things you can do like

let’s say you’re selling your house from the 1990s and your bathtub’s looking pretty sad, there’s companies out there that will refinish the tub and it’s a cost of in the hundreds of dollars, not thousands of dollars, and make it a new bright white. It looks brand new. So there’s little things you can do. I had some sellers this summer that they said what do we need to do to really get top dollar for the house? And I said, you have a wonderful five bedroom, two and a half bathhouse

Can would you consider us pulling the Fermica countertops out and putting in granite or quartz? Because that’s really going to be a selling point if we’ve got brand new stone solid surface counters in here. And they said yes. And it that house sold in like 36 hours, 48 hours. but there are things you can do to really enhance the kitchen and bathrooms that it doesn’t have to be get all new cabinets and all new appliances.

But I do want to point out a couple of other things that usually get overlooked when realtors are walking through. And it drives me nuts because realtors, there’s a lot of realtors who do their clients a disservice when they don’t go look at how old is your HVAC system? How old is your water heater? Because you might not need to replace it before selling, but the seller should at least be aware, hey, my AC unit is like older than my kid.

And I should be prepared for this to come up on inspections or for them to maybe negotiate with this. do I need to get it tuned up before they come out so that the inspection goes well? At the very least, clean it and replace the filter. even older homes, there are a few different breaker panels that realtors should be educating their sellers on. Hey, if you’ve got a federal Pacific, a Zinsco, an ITE breaker panel, you

might want to consider getting this replaced because this thing might kill the deal. Just put it into Google and see what it says. Look at how they’re listed as a fire hazard. They’re outdated. They’re risky. And when a home inspector tries to tell the buyers about it, how do you think that’s going to go? so yeah, kitchens and bathrooms are important, but also the major infrastructure things of the home. Another big thing that’s come up the last several years, appraisers have gotten stricter on not inspectors, but appraisers is Wood rot. FHA and VA loans

Don’t let the loan go through when there is Wood rot. I’ve seen them be as specific as is this much Wood rot on the bottom of the doorway to nitpicking the siding all over the house. It doesn’t cost anything to walk around the house and look for the Wood rot. And if you’ve got some places of it, and maybe this is specific to Oklahoma, Texas, Arkansas with our climate, maybe it’s not as big of a deal on the east and west coast. but look for it and see like, hey, do

We need get a painter over here to repair this. It doesn’t mean reside the house, but it means we might need to do a little bit of patchwork. because the fewer things you can make come up on the inspection report when a buyer is looking to close on the house, whether you’re an investor or a homeowner, the better off it’s gonna look, the better the buyer is going to feel when there’s fewer cautionary things that the inspector is talking to them about. So yeah, the major systems of the house, the kitchen and bathroom is huge. The I think the last thing that I would give

To just a quick fix with that would be brand new carpet. replacing carpet when you live in a house is a pain. Okay. I know that, but if you’re gonna move, you gotta clean out under the bed anyways. And if the carpet is more than 10 years old for sure, carpet is a cheap enough thing that you can put in there. It changes the smell of the house and you can advertise it as brand new carpet, and carpet is inexpensive.

it just is not that expensive. You don’t have to get the top of the line carpet to get a sale on the house. I’m not saying buy the cheapest garbage out there, but you don’t have to buy the greatest top of the line carpet in order to get a good sale on the house. But if it’s brand new, it changes the smell, it changes the feel, and people really tend to like that hey, they’ve replaced this.

Dylan Silver (19:52)

Now you said one thing that really piqued my interest, electrical panels, right? Yeah and wearing my realtor hat a as a Texas realtor, I’m thinking about, how many realtors would know this? And if I’m not being cavalier and saying this, I think most realtors probably wouldn’t off the top of their head. this is why being an inspector is so critical because a lot of times people think, well, the realtor is gonna be an expert on

home ownership and maintenance. And in my opinion, that’s not true. There may be some, but many of them are I again I’m a realtor so myself, so I can say this, many of them might not even be an expert in brokerage. Right. So you’re trusting someone who might not have that many transactions under their belt, right? Or they might not just have that many as a whole. Right. And so when you look at being an inspector and being a realtor

That goes a long way in instilling confidence in sellers, right?

Braden Anderson (20:44)

it definitely does. It Dylan, you’re spot on because I don’t I don’t remember if it was 2024 or 2025 statistic that 80% of realtors nationwide sold one or fewer homes in that year. And so that means eighty percent did almost nothing. I would be curious of those eighty percent, how many of those trans one or fewer transactions was their own house?

The I’m gonna say something that’s unpopular with realtors here. I’m sure I’m gonna take some hate for it, but just because you know somebody with a realtor license doesn’t mean they’re a good realtor. they I am of the opinion they need to make that realtor test harder because we’ve got too many agents running around who aren’t really the best at what they do. Now maybe they’re developing and that’s great, but just because that realtor is your aunt.

Just because that realtor went to college with you, went to high school, just because that realtor has a kid on the same t ball team as your kid does not mean that they’re a pro. It doesn’t mean that they’re great at what they do. And it doesn’t mean they should guide you through the process. So it and there’s going to be some realtor who’s offended by that. and I get it. But here’s the thing a realtor is not just a glorified door key where they open the door and say, You like this one?

And then they go on to the next one. Open the fancy key box and say you like this house better. That’s not the job of a realtor. A realtor is a leader, they’re a guide, they’re supposed to be an expert. they’re supposed to be helping you figure out what are the cautionary things on this house. Can we negotiate the price? is does this house meet your needs before you even get there? They should be previewing those things and seeing how they work. and then the other thing is.

If the realtor finds something questionable in 2026, take a picture of it and give it to Chat GPT and ask, should I be concerned about this breaker panel? Right. And he’ll give you all kinds of information for free or for 20 bucks a month if you want the premium version. The other thing I would tell realtors in every market, become friends with a home inspector. I’ve got agents that they’ll be showing houses on a Sunday afternoon and they’ll text me a picture of something and say, hey, I’m looking at this house with a buyer. Is this a big deal?

Or they’ll text me and say, can I FaceTime you real quick? Yeah, absolutely you can, because I want to help them get that under contract so that I can do their inspection. so there’s ways that you can get around that knowledge gap. Because let’s be honest, the realtor exam doesn’t teach you how to be a realtor, it teaches you how to be legal. And then once you’ve got the license, you’ve got to figure out how to be a real estate agent because I’ve never once had somebody I’m showing a house to ask me how many square feet are in an acre.

But that’s the kind of stuff that’s on the real estate exam. The real estate exam doesn’t have anything to do with breaker panels on it. Not a darn thing. But as a realtor, you could put somebody under contract for a house that has a breaker panel that their insurance company will deny coverage on that house. And if you don’t have that knowledge, you’re wasting your buyer’s time. I did an inspection for an agent or for some buyers of an agent four times because the deal busted to

Three times and it and then the fourth one finally worked. And the deal was busting because they were an FHA buyer, and it was busting because of things like terrible roofs, which you could clearly see from the ground. They had five different colors of shingles on one of them. Wood rot on the house. I already talked about that. Another one was the plumbing was bad that she probably wouldn’t have been able to tell that without a sewer camera there. But I finally pulled the agent aside and I said, Hey, can I talk to you?

Can I show you some of these things that you’re missing for your buyers? So I would tell agents, ask, go, don’t super prevalent in probably every industry, but especially in real estate right now, is the question, can we get coffee? Okay. Coffee’s all right. I drink I drink caffeine every day, but I’m not the biggest coffee connoisseur. I couldn’t even tell you where to get the best cup of coffee in Tulsa because I don’t know. But

Ask for house meetings more than coffee meetings. Go out to somebody’s flip house, a qualified person, not somebody who’s like never done it before. Walk the property with them and ask, show me what you’re doing. Why did you do that? What I I was flipping a house one time or renovating a house. It was somebody else’s flip. An investor, he actually works as an HVAC inspector. And I asked him, hey, for the plumbing.

Are you going with PEX or copper? And he said, What is PEX? And I was like, You gotta be kidding me. You’re an HVAC inspector. You don’t know what PEX is. And he’s a super great guy. And I told him what it was. He just he didn’t know. and you don’t know what you don’t know. but you’re not going to learn what you don’t ask about. So find the knowledge, find somebody with the knowledge. Don’t ask them for coffee, ask them to meet you at.

Dylan Silver (25:16)

this idea earlier too of the people in your sphere. and to your point, like especially being on the inside of this too, knowing who I know, who are our realtors, and also understanding that simply because you pass the exam doesn’t mean you can take a deal from the cradle to the grave. Means that you also have to know what questions to ask. And that can be challenging too, because what it takes to help to sell a home right now.

Is different by market and also different from how it was 10 years ago and 20 years ago and even five years ago, right? And so, what’s really important right now is different than what’s really important again, e even five years ago. One of the things that comes to mind as well is that oftentimes in brokerage, especially with newer agents who are excited to get their first deals, setting the right expectations is difficult and challenging. And especially if

They’re not, being paired with or have someone who’s holding their hand along their first couple deals, literally sitting down at the table with them. Because you might say, okay, well, we can list the home for top market value that you saw your neighbor’s home sell for a year ago, even though they had, newer kitchen, bathrooms, granite countertops, and in a different market. So those expectations are.

are so challenging, honestly, and also critical to set right from the gate.

Braden Anderson (26:36)

Yeah, for sure. and if a realtor is not showing written and they can be emailed or on paper, it doesn’t matter. If they’re not showing written comps with the address so that the client can look up the photos and see the differences. I’ll see some house flippers sometimes that they’ll say, Well, the house one block over sold for one hundred and eighty-five dollars a square foot. So that’s what mine should sell for. Well, let’s pull up the photos of that house.

And you see how it’s got totally new bathrooms and yours have a new vanity and everything else is old? Like the square foot it the dollar per square foot only goes so far. You’ve got to look at more than that. And if you’re saying, well, the smallest house in the neighborhood sold for the highest dollar per square foot mark, and you’re selling the largest house in the neighborhood, you’re not gonna hit that. And appraisers make adjustments for those things. So if you’re not presenting it in a written format to your clients,

Or as an investor, if you’re not evaluating it in detail like that, like the guy that I mentioned earlier, who he’s under contract for a house right now, and he went under contract before he knew what the renovation’s going to cost him. I predict he’s not gonna be profitable on that house. if he spends all of his own time over there doing the work, maybe. But considering that it needs a roof and windows and he doesn’t know how to install those, I don’t think it’s gonna work out. But

if you’re not looking at the numbers in detail and the photos of it the same way that an appraiser does, you’re setting yourself up for failure.

Dylan Silver (27:57)

Wanna pivot here and talk about the investor side of this. I know you have experience buying foreclosure properties and you have experience.

helping folks flip their properties and that’s how you got into being a GC. We were talking about that in the green room. If folks are looking at Oklahoma from out of state, and there’s a lot of folks who are looking into secondary and tertiary markets where they can find deals at lower acquisitions price points than they would on the quote unquote parentheses, the Californias and the New Yorks, right? yeah.

What should they be bearing in mind when buying i in your neck of the woods in Tulsa?

Braden Anderson (28:34)

man, that’s a great question because I’ve actually got several out of state clients. I’ve got a client he in he lived in Texas, he owns five rentals here. he’s never seen any of them. He doesn’t have keys to any of them. His strategy is he wants the cash flow. I’ve got another client, she’s in Las Vegas and she has four condos here.

And three of the four condos are furnished rentals. she rents them to traveling nurses, she has a totally different strategy than what any of my properties are. there’s I’ve actually got some clients in California that have some properties here. One of them has one single duplex, one of them’s got 97 units here. and so there can be a lot of different strategies. So

The number one thing is establish your plan. You need to have your plan, your goal, your strategy figured out. Because trying to show up across from doing it remotely from Arizona, California, New York, North Carolina, whatever, and trying to say, well, I’m gonna invest in tolls. I’m fine with flips, short-term rentals, long-term rentals, whatever. It doesn’t matter. That’s not gonna work. You need to define what it is that you want.

what’s gonna put your money to work? What do you what do you know? The client I mentioned who has furnished rentals, she is excellent at hospitality. She’s got the digital door locks and the ring cameras and everything set up. And she can run those things from her phone and she is great at it. I personally don’t want to do that. That’s not my strategy. And I like just 12-month leases. that’s what all of my rentals are. so number one thing is look at.

Exactly what you want your strategy to be. Don’t show up across state lines trying to do everything because it’s not going to work. number two thing to look for, specifically in this market. one mile can totally change the market. If you go from one from pick any spot in Tulsa and move one mile in any direction, that might be a completely different class of neighborhood, class of investment.

so you need to be careful of that. Tulsa is a great city. I love living here. It’s a wonderful place to raise a family. but there there’s it’s a very diverse community, believe it or not. There’s a lot of changes that happen as you go one mile to another to another. And so you need to educate yourself on where you’re looking for. And so how do you do that? Right? Well, probably the best way is come visit, but then you need to network and posting and

Facebook groups for investors can be good, but you’re gonna get 80 comments on there, if you post in there, I’m looking for a GC, I’m looking for a realtor. Everybody’s gonna be ping me, ping me, pick me. And they’re not all the same. You want to find a contractor or a realtor like myself who’s worked with out of state clients. Out of state clients need things differently than other people do. They’re not gonna meet you at the job site. They need videos. they need somebody to break the deal down for them.

before they go under contract. the deal has to be approached differently. And you got to have some safeguards in place to make sure, hey, my contractor’s taking care of me. I saw one house recently, somebody in Colorado bought it and was flipping it. And the contractor here, they refinished the wood floors. Well when I walked across them in one bedroom, I felt like I was gonna fall through the wood floor because it was so weak. And I’m like, why on earth did they refinish this and put new stain on it? It looks great in the pictures.

But if you jump up and down on it, you’re gonna land in the crawl space. Wow. And so you need to have a contractor and a realtor that you can trust and that can walk you through the process and you can know that the quality is going to be right. So, know your strategy, know that know the city sum. Okay. Just because you heard Tulsa’s a great place to invest. 46th Street North is not gonna be the same thing as South Tulsa. They’re two totally different communities.

I’m not ripping on either one. There I own properties in both areas. but they have to be treated differently. And then three is have the right people around you. Get your team right. there are some great long-term hold opportunities in Tulsa right now that I’d love to help people get set up in. If they’re looking for buy and hold for five years, this market that I’m in has some incredible.

incredible opportunities that people can capitalize on no matter what the mortgage rates are right now. There are some phenomenal buy and hold opportunities right here, right now. But if you’re not familiar with the area, you might not recognize that.

Dylan Silver (32:44)

We are coming up on time here, Braden. Any new projects, activities that you’re working on these days, also anything you’d like to mention directly to our audience?

Braden Anderson (32:53)

Well, as far as project I’m doing, I just bought a flip on Tuesday that is it’s gonna be one of the fastest flips I’ve done because it really just needs foundation repair and paint. And so I’m always up to stuff like that. I’m helping some investor clients with apartments, with houses, and so and I help other property managers get their properties ready.

I’ll give a big shout out to my team. I could never do what I do without them. I’ve got an incredible group of guys and one lady that helps to get everything in line and get the houses done, keep me organized and keep me on task sometimes. And I couldn’t be more grateful for them. so projects that we’re working on, we’re gonna work on all the houses that we can, even through the winter. And I would love to take on some new investors, love to just answer questions if people have them.

what would I want to say to your audience? I would want to say don’t be afraid of your starting line. All of us started somewhere. I started this with I was broke and in a desperate place. My mom had had strokes, and we needed to get her from a two-story house into a one-story house so that she didn’t have any stairs. I didn’t fully know what I was doing, but I can tell you this: God never missed.

places work. If it’s put in front of you, it’s there for a purpose. It’s there for a reason. Don’t be mad at the circumstance that’s in front of you. That’s your starting line. That’s where you can start. Put the right people around you. Work hard at it. Learn everything that you can. And you’re going to be able to take the next step as soon as you reach it, is honestly the way that it is. I’d love to say, if you work hard in a year, you’ll be at this point. Well, you may not. You’re going to get to the next step as soon as you reach it. And that might seem

Like kind of an a dumb statement, but a lot of people say, Well, I just want the next step. I want the next step. I want the next step. Have you worked on the one that you’re on right now? Have you done what is right in front of you to do? As a matter of fact, if you’re not sure what your next step is, go back to the last thing that you knew you needed to do and make sure it’s done. Make sure it’s completed. Make sure that you’ve learned everything you need to learn from that stage before you move on to the next one. Your starting line might not look like somebody else’s starting line.

That’s okay. Start where you are and start taking steps. I had breakfast about gosh, I think it was two years ago now with somebody who I view as just wildly successful. And I’m talking to him and I’m picking his brain. I’m trying to figure out what he’s done, what can I copy, And I said, Man, I wish I could have the portfolio that you’ve got. I wish I could have started as hard as you did. You started way more aggressively than I did. And he said,

I wish I could have a family like you do. I’m single. I don’t have any kids. The way that I built this is because nobody needed me home at 7 p.m. for bedtime. Nobody cared if I was at home for family dinner. And it was a big reflection point to me of how grateful I am to have my wife and my three kids. And we’re also foster parents, and we get to have bonus kiddos in our home. And so my starting line, my lifestyle, it looks differently than yours, but you can start right where you’re at.

and start taking steps toward the goals that you have. Start with a clear goal in mind, start working toward it and finish the step that you’re on before you try to start the next one. You can build so much more than what I have, but really what you want is build what’s right for you. Build a portfolio that’s right for you, whether it’s flips, rentals, new construction. I started all this when I was a full-time employee and of a corporation. You don’t have to quit your full-time job to do this. Start where you’re at.

that’s the best advice I can give is start where you’re at. Don’t be mad at what’s in front of you. Give it your best and do it with everything you got.

Dylan Silver (36:17)

Braden Anderson, thank you so much for your time today. Thanks for joining us.

Braden Anderson (36:21)

Thanks for having me on here, Dylan. I appreciate it.

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