Best places to invest in OKC: ARV - $100k-150k?

[Dan Torluemke]

Hi OKC BP'ers!

I'm currently located in KC, but considering a move to OKC and/or investing in the market. Ideally, I would like to BRRRR, but could also purchase with traditional (25% down) financing. Prefer 3/2, decent schools, sub $150k ARV, 1% rule. Also open to 2-4 MFH. Can anyone point me to some zips or locations that might meet my criteria? Happy to connect with any fellow investors or agents that can offer advise on the OKC market.

Thanks!

[Cassi Justiz]

I would say the areas where you will find BRRRR properties and the areas that meet your conventional financing criteria are most of the time going to be two different areas.

For your traditional financing criteria, it would probably be easier to meet your criteria in the suburbs. Moore, Mustang, Yukon, and areas of Norman and Edmond. Edmond and Norman can be a bit more difficult to get 1% rule, but it does happen from time to time.

Most of the BRRR properties I see are in the areas South of I-40 and in East OKC. BRRR properties will pop up from time to time in other areas, but these are the most common places that I see.

You could also look into the Midwest City/Del City areas. A lot of investors like this area because it has better returns than some other areas, but still has the buy and hold criteria that a lot of people like. 

Hopefully that helps!