The Neth Lab

07/12/2023

We went through our first lockout eviction in Tulsa a little while back, not fun for anyone.

Once we served the tenant, she called us and told us we needed to fix her fridge or she was going to call the news on us - because we were slumlord.

This was her fridge - it was brand new 8 months earlier. 😠

Our tenant called once we started the eviction process to complain (she's over $1,000 behind and has multiple lease violations - including dogs, drugs and sm...

02/12/2023

One of our 3 bedroom, 2 bathroom houses is available for ! Please share with your friends

We also JUST finished the - pictures coming soon!

This 1381 square feet Single Family home has 3 bedrooms and 2 bathrooms. It is located at 140 N Delaware Ave, Tulsa, OK.

30/10/2023

If you don't already know, Mariel and I always fly in economy, no matter how many points we have. It's so bad, people in the points world have a running joke about us and has become synonymous with flying econ.

After this trip to India, we'll surpass 1,100 flights - wheels up to wheels down. We've flown up front, in a lie flat seat - once! I know it's not "Instagram" worthy, but there's not a lot of people who have done 1,000+ flights on points and miles either.

So on this trip, Mariel has had enough and insisted we fly up front.

Singapore Air, fifth freedom from LAX - NRT - SIN - DEL.

We used Aeroplan (via Cap 1 points) to book (transfer partners with Cap 1, Chase, and Amex) 105k points each, plus about $200 in taxes.

11/10/2023

As if real estate isn't hard enough with the current interest rates, materials costs and changing tenant laws... then this.

These junkies have been causing issues over and over at a friend's property. Sadly, police say they can do nothing. 😡

Check out this video! I just captured it with my Ring Camera!

11/10/2023

We've been waiting for this! Route 66 is getting some grant money thanks to the Tulsa Route 66 Commission!

We went to the press conference today at Circle Cinema and we ended up getting interviewed by KOTV - News On 6 about our buildings by The University of Tulsa.

If you're into that sort of thing - here's the link.

The grants are a way to get things looking good before the 2026 Centennial Celebration of the historic highway.

25/09/2023

🏚👉🏡 The Neth Lab is getting to be apart of a neat opportunity in ! HGTV is going to feature one of our properties on House Hunters! Plus they're paying a little bit of money, not bad!

16/09/2023

I had a local friend reach out because he needs a little help with a property.

He tends to be the nice guy, always giving people chances, never evicting, working with people for months and months... and this is what he has to deal with. It's unfair.

I know we'll get comments like "you should have screened your tenants better" - but if it's wasn't for people like this guy, these people would be homeless. He provides good housing, at affordable prices for those who need some help.

Lol -estate

22/08/2023

Our cute, freshly remodeled, 3 bed, 2 bath, 1 car garage house will be available in early September. The house is 1482 square feet, plus it has a basement & an attic (not living space)

Includes all appliances - including washer and dryer. Any questions send a message through Zillow. Feel free to share.

This 1482 square feet Single Family home has 3 bedrooms and 2 bathrooms. It is located at 804 N Columbia Ave, Tulsa, OK.

01/08/2023

BiggerPockets giving a little attention. These stats look promising.

The Tulsa real estate market is strong and features plenty of wealth building opportunities in the long term. Here's everything you need to know about Tulsa's housing market.

31/07/2023

The Story:
This 1910 Craftsman was was so notoriously infested with crackheads that it was deemed a public health hazard & on the City's demo-list. We had to keep pleading for more time before they wrecking ball-ed it.

The battle against the junkies probably wasn't worth it; they burned down the garage apartment & as soon as we got all of the new electrics in the house, they broke back in & ripped out all $3,000 worth of wire so they could scrap it for $200. We were all ready to lobotomize Mariel for not just cutting our losses & selling, but now we're all feeling better:

The Numbers:
All-in with studs out rehab: $145,568.
Rented $1500/mo to an A+ tenants
Appraisal $230,000 - so the bank cut us a check for 85% of this ($195,500) which we used to help rehab the nextdoor!

HGTV Home.Made.Nation

27/07/2023

The Story:
This house was so dilapidated that when it was gifted to HUD 15 years ago, they repeatedly declined to sign the paperwork & refused to take ownership. We bugged the city about buying it for a whole year but they didn't want to deal with figuring out the paperwork.

We were rehabbing the nextdoor house that was being plagued by this house's squatters; they'd continually come over, break a new hole in our foundation to get under the house, then bust through the floor, climb up, & steal our wiring. They ripped the copper out of our new HVAC twice, & burnt down the garage.

Finally, on one of the maaaany times we sent the cops in to clear them out & look for a neighbor's catalytic converter, they found a body (& the catalytic converter!)! I told the city & they finally were happy to sell the house! I changed my $50,000 offer to $10K, on account of the body, & they accepted!

For those of you that think we're monsters for capitalizing on a body, you'll be happy to know that Mariel immediately got my comeuppance; she promptly fell through the floor - that picture is her leg!

Our health insurance has a $7000 deductible so of course she hasn't had a tetanus shot for 20 years - but this was six months ago & still no lockjaw! Hurray!

The Numbers:
Purchase price + rehab: $103,650
Rented: $1,695/mo
Appraisal: $235,000

We also rehabbed the building in the backyard, making it an apartment for traveling nurses - total cost $10,000. So far, we've generated just under $14,000 from the unit (in about 8 months) - video to follow

Happy Investing ❤️✌️

Home.Made.Nation

24/07/2023

We bought our personal home from someone who did an amazing job restoring it!

But, like all houses it has developed a little dryrot. Once we cut open the pillars, we found out where they cut corners - structural... no big deal 😑

23/07/2023

The Story:
We bought this Owen Park "house" for $56,000; we probably overpaid by about $70,000. What can we say? We went to public school.

The Numbers:
FULLLL Rehab of 3 bd/2 bath house & 600 sq ft Apartment w/2 car garage beneath including purchase price: $331,400
Rents: $1650 & $1095

We're dumb, & my Jewishness should be rescinded, but at least I love how it turned out, the neighborhood is great & definitely appreciating in value, & we got dream tenants!

15/07/2023

💥 The hardwwods we found under our old dirty carpet turned out very nice!

Solid win for us and our new tenants!

15/07/2023

We love to see this! This is a few blocks down from our recent commercial buy!

Tulsa is making steady progress and we're seeing cool things pop up all the time

🥳We WON🏆Mother Road Market is officially the #1 food hall on USA TODAY 10Best Readers Choice Awards! We truly could not have achieved this honor without our amazing Mother Road Market staff, food + retail merchants, Kitchen 66 family, the Tulsa community and MRM fans (near and far!). Thank you, thank you, thank you 😎💛✌️ https://www.10best.com/awards/travel/best-food-hall-2023/

09/07/2023

This was our first rental in Tulsa. It had carpet in decent shape and was essentially a turn key property.

4 years later, it was time for new carpet. Here's what we found when we pulled it up.

03/07/2023

Announcement:
I'll be speaking at the 2023 Chicago Seminars, Oct 13-15th! This conference has some of the best and brightest minds in the points and miles world... and me.

I'll be trying to convince people that it's ok to turn right on a plane, to sit in economy, no matter how long the flight is!😬

If you're interested in attending, book ASAP. I have a feeling this will sell out fast:

https://chicagoseminars.org/event

02/07/2023

Tulsa's Mother Road Market is in the running the best food hall in the US. Pretty neat to see Tulsa making waves.

https://www.10best.com/awards/travel/best-food-hall-2023/mother-road-market-tulsa-oklahoma/?fbclid=PAAaYaFFN2Ta9Liii9kzTXrymWvUHUkTTTK55V0NipT_Dw4GbBnOenx1h9NDc_aem_AZ1ZISgHEZwzpSfEYc8lcQjPiuO0MQGnuSBTI8sSb8dJVWgF3mySs_Co7Bz7OOuNpqM

Mother Road Market: Vote for your favorite food hall!!

29/06/2023

We paid $25,000 for this house (two house on the same lot for $50,000). This was rented for $350/month and needed a FULL gut job!

We'll invest roughly $80,00 into this and it will rent for $1,400/month once we're all done!

25/06/2023

This adorable 1920s charmer is available now! Perfect neighborhood and location in The Heights, minutes from Downtown Tulsa.

For rent This 1265 square foot single family home has 3 bedrooms and 1.0 bathrooms. It is located at 210 W Golden Ave Tulsa, Oklahoma.

18/06/2023

Although this house won't meet the 1% rule as a rental, it will have just under $100,000 in equity - the project made sense! Don't get locked into one way of thinking, there are a lot of ways to make money in