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Updated over 4 years ago on . Most recent reply
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Investing Tips for OK - OKC Metro Area, Norman, and Edmond
Hi Everyone,
I'm looking to purchase my first OOS single family rental property in Oklahoma. I'm currently looking at OKC Metro Area, Norman, or Edmond. I'm really interested in the future growth of the Oklahoma City especially with the approved MAPS 4 Project. I'd appreciate any local insights or knowledge that you may have.
My buying criteria is as follow
- Property Type Single Family
Market Oklahoma
Neighborhood Edmond, Norman
Property Details min. 2BD 1BA
Neighborhood B to C+
Property value < $150,000
Thank you.
Most Popular Reply
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Hi @Steven Pratama, as a local investor and agent I couldn't agree with you more. The MAPS programs on the whole, and especially the current and previous iterations, have embodied some of what I look for in long-term investment markets -- governments making decisions that will positively impact values in 15-30 years.
As far as Edmond, Norman, and the rest of the metro -- there's plenty of value to be found all around, and certainly in both of these suburbs. My personal opinion would be that Norman will give you "better deal", but Edmond is a "better bet."
There's more to unpack on this subject, but in short your criteria seem reasonable and achievable!