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Updated over 6 years ago on . Most recent reply
Flipping Market in OKC and Surrounding Areas
Hello!
I just moved to Edmond, OK from Nashville, TN. I currently do not have any experience flipping homes other than renovating the two I have owned and lived in. I am currently in the process of trying to understand the market out here as well as learn about investing/flipping. I am primarily looking for single family homes to flip and sell. I am having trouble understanding the market based on what I have seen from the MLS listings I see daily. It seems that the majority of homes in upcoming neighborhoods that would make a potentially good flips are competitively priced to what homes post flip are. I know I could try to low ball the offers but it seems pretty consistent in many areas. Just wondering if anyone has any advice or suggestions! I am thinking I might have to start being more proactive and seek out homes that aren’t listed yet, but thought it couldn’t hurt to ask! Thanks for any insight! :)
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@Leah Pitts Nate is dead on. The OKC market is becoming flooded by out of state investors. I feel like we are trending toward an REI boom like Ohio did a few years back. Personally I invest outside of OKC in strong blue collar communities. I don’t see much, if any appreciation. However, that’s not my game plan anyway. I would love to sit down sometime and discuss your goals and share what I have going.