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Updated almost 4 years ago on . Most recent reply

User Stats

39
Posts
58
Votes
Richard McLain
  • Real Estate Broker
  • Oklahoma City, OK
58
Votes |
39
Posts

It's REALLY time to invest in SFRs now!

Richard McLain
  • Real Estate Broker
  • Oklahoma City, OK
Posted

So I have accumulated 143 "doors" in Oklahoma City over 18 years, and I am 63 years old.  I have NEVER seen such a promising environment as I see now, with rents and values rising.  Who's with me?

Most Popular Reply

User Stats

3,019
Posts
2,320
Votes
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,320
Votes |
3,019
Posts
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

Hold the phone gang . . . do we have the logic here backwards?  

The rallying cry here is "it's time to buy" . . . asset prices are up, up, and up some more.  The sellers' slowness or unwillingness to sell at numbers that pencil out as an investment are great illustrators of why it's a great time to sell (so long as you don't have to redeploy that capital into the same asset class) . . . So why are we saying it's a great time to buy?

I want to cheer with it because I do love OKC and I'm confident in our economic future, but I want to make sure we aren't the Gold Rush crowd of 1854, who have seen the good gains and though 'surely it's a great time to mine!!!".

What leads you lot to think it is specifically a good time to buy rental properties in OKC?

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