OKC Baby Boomers cashing out on houses/rental properties


Brandon and homeowner shake hands
Dennis Cotner and Brandon shake hands at closing.

This week we had the privilege of buying an Oklahoma City duplex from Dennis Cotner.  He’s a life-long Oklahoma City resident and a U.S. Army veteran. 

Dennis worked in hospital administration prior to retiring.  He’s built a portfolio of rental properties that as he moves on to the next phase of life is looking for an exit strategy to simplify his life.

In just a short time from our initial call with him, we paid him in cash and paid all his closing costs for his duplex.

There are many Baby Boomers who are in similar situations to Dennis.  They’ve got a large home they’ve raised their family in or a cadre of rental properties that they’re ready to be free from.  

According to Fannie Mae’s Economic and Strategic Research Group estimates that from 2016 to 2026, between 10.5 million and 11.9 million senior citizens will end their ownership status. Between 2026 and 2036, another 13.1 million to 14.6 million will do the same.

For seniors grappling with what’s the most convenient and profitable way to sell their house or properties fast, working with cash buyers is often a more convenient and hassle free way to cash out.  Selling a house can be stressful, time-consuming and expensive. 

McKinnon can eliminate that stress and give you the peace of mind that comes with knowing your house hassles are completely done – without having to fix it up, show it, wait for buyer financing or work with tenants.  Here are some other common situations where McKinnon can help:

  • Cashing out on rental/investment properties
  • Facing divorce
  • Moving/downsizing
  • Upside down in mortgage
  • Owe liens
  • Inherited property
  • Fire damaged
  • Bad rental tenants
  • Have been unable to sell with a listing agent

If you want to sell your house/property give Brandon a call at (405) 418-6889.  If we can’t help you we’re happy to point you toward realtors who can or reliable contractors to help you fix up your property to sell.

“He made what I thought was a fair offer.  Very easy to work with. The process went real smooth, and it was a good experience.” – Dennis Cotner, OKC resident


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