The benefits of investment in Oklahoma City are that it's a low land value high cash on cash returns, making cheaper to get more doors faster and have higher cash flow than any other town of similar size. If you're ok with having a less attractive properties this is a great market to look into!

Key things to know when investing here:

1. Tons of cheap homes under 100k, people are mostly poor here so invest in cheaper rent homes and you will always be full.

2. Code enforcement does not care about anything. ( they have 9 underpaid guys for 640 square miles and its been that way for decades)

3. Landlord friendly, if your tenant is unable to pay you can have them evicted within 30 days (over 90% never showing up to court to begin with.)

4. Government is the number one employer with 50k plus jobs between state workers, universities and the Air Force base, so no matter the economy there is steady paychecks fueling the service industries.

5. Section 8 vouchers work well here. Rent your home to section 8 and the government will deposit at or usually above market value rent directly into your account and market rent increases are approved every 2 years basically automatically. Also because there are so many people waiting for section 8 vouchers tenants don't want to loose them so they will take care of your home. Landlords have entire portfolios paid for each month by section 8 federal funding.

6. There is a very large pool of labor for rehabbing that is skilled at meeting the bare minimum.

7. Lots of property managers that will manage for 8% or less

8. Zillow is the king here so all of your rental research can be done on one website by looking at what's for rent nearby and how long its been posted.

9. Lots of local lenders that can do loans on anything larger than a camping tent.

10. According to a study from Clover dating website Oklahoma City was rated the #1 city in the nation for most unattractive women for 5 years in a row, But the same study found men in Oklahoma to be in the top 5 states for attractiveness.

Some of this post is meant to be funny, but it's also mostly all true. It's resulted in millions of dollars being made and countless real estate gurus. But you just have to be OK with the way things look around here ;)

Oklahoma City, Oklahoma

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