Questions about location

[Blake Lee]

They always say location is the most important thing when it comes to investing in real estate. My question is what technically makes a 'good location?' I'm just now getting into this and have been looking for a multi family property over the last month or so but can't lock in exactly where to look. Does a good school district with close amenities work or is it better to look for places maybe around a busy downtown area? I live in Tulsa if that helps. Thanks for any feedback. I really appreciate it.

[Amber Masters]

I agree that location is important to some extent. You likely will want to be fairly close to at least one grocery store, and some what close to other amenities like restaurants, coffee shops etc. The Tulsa area has a great rental market. Location also depends on what kind of tenants you want to attract. For example, if you got property near TU there is a good chance you would have a lot of student-tenants. Pros- you will rarely have a vacancy Cons- high rate of turn over so you will be showing your property. It all kind of depends on what you want/are willing to deal with. 

I know there is decent demand for rental properties in places with good school districts like Jenks, BA, and Bixby, if you are willing to venture outside of Tulsa. Hope that helps!