First investment in Oklahoma

[Guy Greenwald]

Hello Bigger Pockets community,

I'm Guy, I’m an investor from outside the usa and i'm currently researching investment opportunities in Oklahoma City, and overall, everything looks excellent. However, I've come across one potential issue that I'd like to clarify.

I've read some articles suggesting that in Oklahoma City, it's not possible to purchase a property without using it as a primary residence. In other words, these sources claim that you can't buy a property solely for investment purposes (like renting it out) without living in it yourself.

Is anyone familiar with this law or regulation? Can you provide any insights or experiences related to this? I'd greatly appreciate any information, clarification, or advice on this matter.

Thank you in advance for your help!

Best regards,

Guy

[Stetson Oates]

I think you may have received some bad info. I invest in Oklahoma City and haven’t heard this before.  

[Ben Scott]

That is not true. You can purchase real estate as an investment in Oklahoma. There was recently a new law enacted where a buyer has to sign an affadavit to verify that he or she is in compliance with state laws on foreign ownership of property. That began 11/1/2023. That might be the confusion.