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All Forum Posts by: Vincent Ho

Vincent Ho has started 1 posts and replied 4 times.

Quote from @Jay Thomas:

Oklahoma City's rental market is flourishing, displaying a strong demand and steady growth with a notable 10% increase in the median rent for single-family homes over the past year. Zip codes such as 73110, known for vibrant urban living; 73105, offering diverse rental options near downtown; 73127, with consistent demand from students near the University of Central Oklahoma; 73132, a family-friendly area with excellent schools; and 73114, in proximity to Tinker Air Force Base, drawing military personnel, stand out for long-term rental investments. Successfully meeting the 1% rule is achievable in these zip codes through thoughtful property selection and financial planning. For a monthly cash flow of at least $200, prioritize properties with lower mortgage payments, consider maintenance and vacancy costs, and target areas with high rental demand. Finding homes in the $100,000 to $150,000 price range is practical, especially in areas with more affordable housing options that may benefit from some renovation or updating.


 Thank you Jay for the great info. It very infomative, and so helpful. 

I am looking for a duplex or SFR with minor rehab such as painting, or flooring, kitchen that need some work to increase the value of the property. Hopefully can have some sweat equity after the Rehab. Please let me know if anything come across your sight. Thank you.

Quote from @Rhonda Hart:

Hi Vincent!

Congrats on your decision to enter the world of real estate investing. I work with several investors using many platforms to build your rental portfolio. One of my favorites is Roofstock. I'm also available for a free strategy call to discuss your goals and timelines. Let's connect! 

Thank you. Yes, I would love to chat with you more. 
Quote from @Ben Scott:

Hey @Vincent Ho, it might be difficult to find a duplex under $150k that doesn't need work. You might look in south Oklahoma City, Midwest City, Mustang and Del City in the $100-150k range. The areas with better schools tend to be north of $225k. 

Thank you for your reply, 
Could you help me with more info about the median rent, and rental demand. What is the current vacancy rates in Oklahoma City and which neighborhood that have a low vacancy rate? Also what kind of property that could give me a higher return ( 1 bed, 2 beds, or 3 bedrooms)?. I'm so sorry if I asked too much. Thank you so much for helping rookie here

Hi all,

 My name is Vincent Ho, and I am new to real estate investing. 

 Right now, I am looking for to buy my first rental property in Oklahoma City and have a few questions:

1) How is the rental market right now in Oklahoma City? What zipcodes in Oklahoma City are good for long-term rental? I am looking for to buy a small-multifamily (duplex) or SFH for Long-term rental that meet the 1% rule still generate cash-flow at least 200$/month. My price range: $100k - 150k.

2) I would love to connect with investor-friendly realtors, lenders, and property managers in Oklahoma City.

Any feedback from those who rent property in the area would be appreciated.