Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply
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
Yes, we did purchase our condo last year at Hale Kai. We are happy with it as we knew going into the transaction we would be content with breaking even on a monthly basis (After mortgage/taxes, property management fees, HOA's, etc.). We stay pretty close to breaking even throughout the year. The condo was a traditional MLS listing and actually was almost completely updated before we stepped foot inside. We have made a few small changes of our own. There is another condo (directly above ours) currently in escrow.