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Updated about 3 years ago, 10/06/2021
Newbie - Wants to know about Investing In Oklahoma
Hello Everyone,
I'm new to this forum and new to investing. a little bit about me, i'm 38 years old male married no kids, I currently live in NC and i am looking at diving into Oklahoma housing market but i'm not sure where to start exactly. I wanted to know which option would be best for someone like me "a Newbie" and how to actually get started in Real Estate? Should i get a Single Family House (3 bed 2 bath) as a 1st property and rent it out OR get a Duplex ? I'm looking for cash flow and gradual appreciation or maybe mix of the two. My goal is to start small like invest into home/s between 80k-100k and grow my portfolio...
Some of the questions i have are:
1. is the Oklahoma real estate market promising ?
2. Is it risky/or safe for someone out of state to invest in Oklahoma ?
3. Where in Oklahoma should i start looking for houses under 100k ? Name of cities/or Town?
4. Is it easy to rent the property in Oklahoma?
5. Do i need to own an LLC ?
6. Do i need to hire a PM to handle the property ?
Any comments/help is appreciate it, thank you all!
Sam