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)