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All Forum Posts by: Steven Pratama

Steven Pratama has started 1 posts and replied 4 times.

Post: Investing Tips for OK - OKC Metro Area, Norman, and Edmond

Steven PratamaPosted
  • New to Real Estate
  • San Francisco Bay Area
  • Posts 4
  • Votes 0
Originally posted by @Jason Gonzales:

@Steven Pratama

Edmond Norman is great areas but 2 percent rules are out in sw and some nw. Feel free to reach out!

Hi @Jason Gonzales

Would you mind sharing your knowledge with me? Thank you so much for your help.

Post: Investing Tips for OK - OKC Metro Area, Norman, and Edmond

Steven PratamaPosted
  • New to Real Estate
  • San Francisco Bay Area
  • Posts 4
  • Votes 0
Originally posted by @Cassi Justiz:

Edmond is tough right now. I was running some stats this morning and there are only 2 single family houses that are active on the MLS under 150k in Edmond right now. Norman has 19.

For your criteria, you may also look into Mustang and Yukon. They have similar price points but it can be a little easier to pick up homes in these areas.  

Hi @Cassi Justiz

Yes, I have noticed that too. It is harder to find deals in Edmond that match the criteria that I have listed. Will do, I will definitely be checking out Mustang and Yukon this week.

Thank you for your insights.

Post: Investing Tips for OK - OKC Metro Area, Norman, and Edmond

Steven PratamaPosted
  • New to Real Estate
  • San Francisco Bay Area
  • Posts 4
  • Votes 0
Originally posted by @Will Fraser:

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!

Hi @Will Fraser,

Yes, the MAPS programs just blew my mind. I love how the city is heavily invested on its future growth. Thank you so much for your insights. Which area are you currently investing in if you don't mind me asking?

Again, thank you for the insights.

Steven

Post: Investing Tips for OK - OKC Metro Area, Norman, and Edmond

Steven PratamaPosted
  • New to Real Estate
  • San Francisco Bay Area
  • Posts 4
  • Votes 0

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.