Investing in Tulsa, Oklahoma

[Kevin Katai]

Hey everyone, 

First post but have been following this community for a while. I own a general contracting/home building business up in Toronto Canada, and have been wanting to get into REI, but am priced out of the market up here (and don't care much for $1.4 mil semi-detached homes). A friend of mine (and a Tulsa native) is also looking to break into REI and would like to start in the city he knows so well, and I have long wanted to start in the states as well. I'm looking for general advice and connections in this area.

From those who have invested in Tulsa, what's your outlook on this market ? From my understanding the strategies are mostly long term holds and properties often cashflow. Does this still hold true with the price increases of the past 2 years ? Should a neighboring town be targeted, or are there certain sides of the city more favorable to investments ? We're open to single family but prefer multi-family, and are able to rehab and hold or sell.

I'd love to connect with some local investors . Also would appreciate recommendations for legal professionals or accountants (due to our unique partnership i.e. involving foreign investment, double taxation, syndication, etc). If you're from Tulsa or invest there, or know anyone that is I'd love to connect! Thanks!

[Mitch Messer]

Hey @Kevin Katai, I came to Tulsa 9 months ago under their Tulsa Remote program (http://TulsaRemote.com) and I'm already a HUGE fan! Our team has bought three properties here since January, and we're eagerly hunting for more.

We got our investing start in Atlanta back in 1999, and we participated in that market explosion over the past two decades. In many ways, Tulsa reminds me of Atlanta perhaps 15 years ago: positive net migration, a growing economy, a local government committed to growth, and strong foundation support.

Let's definitely connect and compare notes: I just reached out to you via LinkedIn, since I'm far more active there.