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Updated over 5 years ago on . Most recent reply
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And the winner is... Oklahoma City!
Hello team OKC!
I've decided to begin investing in Oklahoma City! Over the last month and a half I've been doing extremely in-depth market research and everything seems to point me to OKC. The state and metro GDP has had a strong positive trend over the last few years, the population has been growing steadily over the last 5+ years, it has a diverse job industry, crime rates have fallen, rent to value looks solid, great schools, etc.
That being said, I'm looking to build a team!
My plan is to BRRRR several properties in this area over the next year and I'll need someone who knows the market well. I'd love to hear about someones investment history in the city. Which neighborhoods do you like and which do you tend to avoid?
I'm happy to share my market research findings more if anyone is interested. Otherwise I'd appreciate any feedback or advice on investing in the area.
Excited for the journey!
- Simon S.
Most Popular Reply
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Hey @Simon Schermerhorn,
I think OKC is a great area for investing. Do you have a price point or ARV that you are trying to stick to with your BRRR? That's going to play a large factor in what areas you should look to.
The people that are having the most success using the BRRR strategy right now are doing their own marketing or partnering directly with someone that is doing their own marketing. It's possible to BRRR using other strategies, but the majority of the "deals" are running on tight margins right now.