Long Distance Real Estate - Oklahoma City OK

[Chris Cooper]

Oklahoma City continues to be hot spot for long distance investing.  Why OKC?  Great Question and I always ask my clients why they chose OKC.  Here are some of the answers I continue to hear.

1. (Number #1 by a large margin) Oklahoma is a LandLord friendly state - Tenants can be removed in a few weeks. 2. High Rent to Purchase Price. 1% of purchase price is very doable with a good Realtor :) 3. Low Unemployment: It's low, look it up. 4. Multiple Growing Employment Sectors: Aerospace (Big incentives from the state of Oklahoma) - Oil and Gas - Military (Large Base 10 minutes from down town) - Healthcare - government jobs. 5. Suburbs all the way around OKC have solid schools and not enough rental housing. I put a home under contract in Moore, OK today 3 bed/1.5 bath for 82k needing 5-10k in cosmetic repairs and it will rent for $1200. I will let you figure CAP rate, but it's solid.

I continue to have buyers tell me that they have decided on OKC as their #1 destination for buy and hold investing and wanted to share it with the community.  If you have any questions about our market, economy, or numbers that you can expect to see in our market, Please don't hesitate to ask.

Happy Hunting!

Chris Cooper 

Team Realty Investments and Buyer's Agent for the Tara Levinson team (#1 Real Estate Team in Oklahoma)

[Cassi Justiz]

Hey @Chris Cooper, 

Thanks for sharing! I think a lot of people are surprised at how easy it is to evict in Oklahoma. When I tell new investors that an experienced landlord with systems in place can have someone fully evicted and out of the house within 2-3 weeks they are shocked!

Also, another huge selling point on OKC is that property taxes here are insanely low compared to the rest of the country. I own and have looked into buying additional property in West Texas. The numbers are all very similar to what I can find here with way less competition. However, the property taxes for my Texas property are DOUBLE similarly appraised properties in OKC. So until that changes, I'm going to keep buying in OKC. :)