durant, OK - anyone?

[Varghese George]

hi - I am considering investing in 1 or 2 new construction SFH in Durant, OK. Heard through a friend as potential for cash flow even with current rates and growth potential due to proximity to TX north border, casinos etc. was curious if anyone has any opinions about the potential for this location.

[Seth Brasile]

I'm in Durant. With proximity to the explosive growth happening in Sherman, TX, on paper, huge potential. In real life, it's slow-going and in my experience rents are lower than it seems like they should be. There was a brief period a couple of years ago where demand was out-pacing supply by a large margin, but that has calmed down. I don't think building here is a bad idea, definitely a growth market, but not a HOT market at the moment either. I'm not sure about the idea of new builds for rentals... that sounds risky... but I haven't run the numbers.