All Forum Posts by: Account Closed

Hey @Bernice Hampton,

A sweet spot for most 2/1 I often see is around $700-$900 depending on the area. Even though Oklahoma is known for our Oil and Gas industry, we have other areas we tend to focus on such as government, healthcare, finance, etc.

Tornadoes are often something investors ask, and yes they do happen but not as often as people assume.

Good luck!

Hey @Hamilton Chen,

If you're going for cash flow out-of-state, the Midwest is where a lot of investors look to. 

I'm biased for Oklahoma City, but we're more of a cash flow market with little appreciation. It will depend on your goals as an investor if that is something you are interested in.

Other areas I hear are good is: Kansas City, Columbus, Little Rock, Memphis

Good luck! 

Hey @Shawn Phillips,

The Oklahoma City market is a linear cash flow market, where we experience low appreciation but we've received less damage during recessions compared to other cities in the U.S.

BRRRR can be reasonable here, as we have a lot of older homes in need of rehab.

Other areas to look into would be, Little Rock, Memphis, Columbus, and Kansas City.

Good luck!

Hey @Kyee Bo,

I'm biased for OKC, where the 1% is achievable, and typically is 5-8% CoC return.

$300/month after everything + mortgage will depend on your rate, but usually, I see around $100-$200 a door. You can receive those returns if you invest in lower-class neighborhoods, as you bear more risk. Areas like those are in need of good landlords. 

The more value you can bring to a community, the better your returns.

Good luck!

Hey @Tanner Shore,

Glad you're looking into investing early on. First thing is to figure out your overall goal in REI. Are you wanting to park your money in relatively safer areas? Do you want high appreciation? Do you expect a high cash flow?

Indicators for markets would be price, rent price, DOM, job growth, population growth, landlord laws, etc.

A good way to start would be to run an analysis of 10-20 different properties in each market you are interested in and decide whether the returns are right for you.

Good luck!

Hey @Chen Lerner,

I haven't heard much about Milwaukee and Indianapolis from my investors, so I would love to hear why you're interested in those cities.

Columbus I heard has potential for growth and has relatively good cash flow.

Good luck!

Hey @Gina Fernandez-Ross,

Criteria to look at for an out-of-state market will depend on your goals as an investor.

Look at: Price, Days on Market, Job Growth, Population Growth, City Development, Landlord laws, etc. 

Turnkey properties can be great if you do your due diligence. You want to make sure the area, the tenant, and the property management are good. Turnkey is easy, so you'll see turnkey prices and returns.

Good luck!

Hey @Malia Dangtayan,

Turnkey MFH are good investments if you do your due diligence. You don't have to do a BRRR for MFH.

It will depend on your team and what your goals are as an investor. From reading your post, you're wanting to be more hands-off, so you'll need to vet a team you can trust to find you deals and manage the property.

Buying turnkey, you'll experience turnkey prices and returns, as they are easier.

Good luck! 

Hey @Derwin Smith-Bishop,

The safest approach would be to gain knowledge and experience. Depending on your goal for REI, you'll need to brush up on certain things to help you.

- The Area you are wanting to invest

- Rehab costs (You're going to run into repairs at least)

- Working with agents, contractors, property managers, lenders, etc.

One way is to invest in in-state. It will help you gain the experience of the whole process to give you a feel if REI and property management is for you. House hacking is also a good way to start as well.

Good luck!

Hey @Mark-Anthony Villaflor,

I'm biased towards OKC, but you described it pretty well. It's a cash flow linear market, as seen in previous recessions, the value of homes did not drop as much compared to the United States. We're a landlord city with a lot of older homes that need to be rehabbed.

There are turnkey properties here, but it has been harder lately due to low inventory and a large number of qualified renters able to receive good rates.

I also heard the areas you mentioned such as Little Rock, KC, and Memphis are good areas to invest in as well.

Good luck!