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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 2 times.

Post: Buying $120-200k homes Edmond, OK to Rent?

Account ClosedPosted
  • Rental Property Investor
  • Oklahoma City, OK
  • Posts 2
  • Votes 0

@Cassi Justiz @Kiera Underwood @Arlan Potter. Thanks for the advice, everyone! It's such solid advice and about what I was thinking it'd be in terms of returns, etc. My goal is reasonable returns without much worry or work.

I am local and was looking at Edmond or similar for a few reasons: (1) I want great tenants. Obviously you never know for sure who you'll get but I am just not as comfortable working in a rougher neighborhood like NE, MWC, etc. where you can buy houses for $50k. I just want nice middle class folks who want a safe home, like UCO students or families who want a good school district. (2) I want to buy something turnkey. I don't want to do any more rehabs. The value of my time isn't worth it. I'm interested in cute houses that I can just put a for rent sign up on on closing day. (2.1) I have a full-time job that is my primary focus. I don't want to do BRRR and can put my 25% in and leave it until I sell and I retire.

I'm open to other areas too, but just noticed looking around that Edmond was a place that seed like I could get a good deal on a nice house under $200k that I won't have to fix up or worry about as much as a 100 yr old house in the urban core.

Post: Buying $120-200k homes Edmond, OK to Rent?

Account ClosedPosted
  • Rental Property Investor
  • Oklahoma City, OK
  • Posts 2
  • Votes 0

Hi!

I'm interested in buying nice, SFHs in the $120-200k range in Edmond, OK to rent. I'd be buying homes in good condition that I could rent turn key, more or less. Is anyone on BP in this market too? I'd love to hear the pros/cons.