All Forum Posts by: Michael Ewers

Greetings BP community. Fairly new investor here. Looking to connect with investors and associates in the north Alabama market. Look forward to connecting! Looking to meet investor friendly agents and lenders.

@Michael Ewers, At your price point, it's worth considering MWC and Del City as well. As Zach mentioned, those areas historically haven't appreciated as much as other parts of the metro but we've seen some upwards mobility over the last few years. Also, Del City recently did away with their city required occupancy inspections which was a big negative for a lot of people. The barrier to entry there is much more manageable now. 

Edmond is always going to be competitive. You'll have to overpay to be in Edmond. There are deals in south OKC (between I-40 and I-240) but the opportunity for appreciation is less. But lots of solid blue collar neighborhoods on south side.

Hi @Michael Ewers!

We're agents, investors, and property managers here in OKC area.

We're seeing inventory start to creep up all over the metro, but prices haven't started coming down yet.  Median and average prices are still up ~2% over 2022 year to date.

Months supply of inventory is growing (up 47%) over this time last year, but there are actually fewer listings (-6%).  This tells us for whatever reason that the demand has started to drop off.   

Hopefully that means more deals for us in 2024.  

The numbers work a bit better in MWC area, but the appreciation hasn't been there historically. We're finding our best luck looking at properties that have been on the market for longer periods of time negotiating them down.

Hello everyone!

My name is Daniel, I'm half Latino half Swiss, I'm a systems architect and I live in Ulm, Germany. 

I've been looking to start investing in rentals for some time now, but I'm scared of jumping in cash flow negative investments in the current economy for my first rental. I would consider it if the growth was a little better but, for what I have seen, real estate doesn't see that much grow over here. It barely keeps up with inflation. I know the 1% rule doesn't apply in the US most times anymore, but there are many areas where you still see and expect decent growth. 

I have a partner in Huntsville, AL and we are looking to start a company together to invest in rentals that I fund and he manages in the US. We plan to look around, get to know the market, make some contacts (agents and such) and start with our first rental in about 1 year from now. 

As we are still in the very early phases, we would welcome any feedback or and hints/tips.  

Hi I`m Interesting with investing in Huntsville, I`ll appreciate if you can help to get know the good/bed areas and zips

Thanks for any assistance.

Gil