Out of state Investor; looking into Oklahoma...
Hello all,
I am an out of state investor from Southern California. I've done quite a bit of research on some out of state rental investment opportunities. I was initially leaning towards Las Vegas but I soon learned the investors have drove the prices up quite a bit in these last few years causing my potential cash flow to diminish. I have really been focusing and doing quite a bit of homework in the state of Oklahoma, more specifically Norman, Ok. I was wondering if any of you local or out of state investors can offer any feedback on the area? Success stories, etc. Thanks for any input, I really appreciate it.
Most Popular Reply
@George P. heard! I was thinking you were paying property management and I was thinking there's no reason to be nearby if someone you trust is doing the work for you! I see so many investors come to OKC that are out of state and happy, and I try so hard to re-set standards when people hold back because they're scared. I heard once on a BP podcast actually that when you invest at home, you're generally not driving to the property on a regular basis, as long as you have someone doing it, not being within driving range of your property is no reason to not make more money in a market that's hitting your return goals.