Broken Bow - Tapped out?

[Grant Bynum]

Howdy yall. I'm a newbie. I have one rental property in College Station.

I'd love to enter the Broken Bow market with a one or two bedroom cabin. But is this market tapped out?

What's the next best location you'd recommend - kind of like Broken Bow was 4 years ago?

Thanks! 

[Scott Senner]

We have financed a large number of cabins in Hochatown over the past few years, and no, the market is not tapped out.

However, we are definitely in the middle of a transition to a more mature market. 30-40% price increases over the past couple of years was obviously not sustainable, nor healthy in the long run. 

The majority of calls that I get now are from investors who are looking at these cabins as a longer term investment, not a "build it and flip it" proposition. 

The Choctaw casino is on track to be completed in December, which is a huge positive for the area. If you are not familiar with this tribe, they do things first class are an excellent partner in every community that they serve.

Hochatown was just officially incorporated in November and will now finally be able to start working on infrastructure projects that have been ignored by McCurtain County. 

However, the cabin market in Hochatown, and SE Oklahoma in general, cannot be looked at in a vacuum. The entire market is driven by visitors and investors from Texas, specifically north Dallas. As long as north Dallas continues to grow, Hochatown and SE Oklahoma are going to be just fine. If, on the other hand, people in Dallas wake up one day and say "Broken Bow, nah, we are over it", then we will have a huge problem, but I doubt that there is anyone that believes that will happen anytime soon.