Lawton, OK (OKLAHOMA) real estate investors

[Scott Huggins]

I am coming to Lawton, OK for a few days and to look at some investment properties in the area and get a lay of the land. Is anyone available from that area that is knowledgeable and active in the real estate investing market that would be interested in meeting up to discuss? This may turn into a partnership down the road. Shoot me a PM.

[Jace Holt]

My units are outside of Lawton, but I have reviewed hundreds of units to look at buying in City limits. Occupancy in Lawton has been a struggle throughout the city but I think it has gotten a little better this last year. According to multiple local real estate people, it was caused by overbuilding on Ft. Sill. If you can get the property for a low price, you can offset the occupancy issue and boost the effective cap rate. Margins are thinner so you need to be focused on being lean in operations. I'm currently considering buying some complexes in Lawton that are value add. I'm looking at properties where I can at value with some capex but also with changing up operations. Lawton has reputation of being rough. There is some new construction and growth with nice homes on the south west part of town. There are nice new home developments up by Fletcher and Elgin.