Hot OKC Pocket To Buy

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John B.
Investor · Keller, TX · Member since 2019 · 76 posts · 62 votes
9mo
Quote from @Rhett Tullis:

Main issue I am seeing is oversupply of vacant rentals in my opinion.  There are about 3 times as many as we have seen historically this time of year so that is a bit concerning.  It may even out but only time will tell.  Buying 10 is the easy part the hard part is finding ones where the numbers work and I would be cautious on rental estimates as we are seeing rates come down some.


 I own in a Cincinnati suburb and was looking to bring operations more local to my new DFW residence. Saw a quadplex for sale in OKC and I saw that it happened to be managed by you after reading this thread. Small world. 

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  • Rhett TullisBusiness Member
    Property Manager · Oklahoma City, OK · Member since 2013 · 1k+ posts · 617 votes
    9mo

    Hot as in high demand for renters or high demand for buyers? 

    [email protected]405-283-6522
    Integrity Oklahoma
    WebsiteView Page
    0Reply
    • Michael Ewers
      OP
      Rental Property Investor · Grapevine, TX · Member since 2020 · 137 posts · 52 votes
      9mo
      Quote from @Rhett Tullis:

      Hot as in high demand for renters or high demand for buyers? 


       High demand for renters. I need to target those areas

      0Reply
  • Rhett TullisBusiness Member
    Property Manager · Oklahoma City, OK · Member since 2013 · 1k+ posts · 617 votes
    9mo

    During the peak season the high demand areas generally go with schools so basically draw a "c" around the metro and you have it, edmond,deer creek, piedmont, yukon, mustang, moore, norman.  there are some metro areas that have high demand all year but those also tend to be more transient (move more often) as they are considered more "trendy" and often the renters do not have kids and so school year and school friends and schools do not dictate where they move.  Also more inventory in this area is smaller ie 2 bed or less or only 1 bathroom which are often a turn off to folks with kids like me.  Plaza, Paseo and the village are always well liked if schools are not a big concern to a tenant.  really depends on the clientele you are looking for.

    [email protected]405-283-6522
    Integrity Oklahoma
    WebsiteView Page
    0Reply
    • Michael Ewers
      OP
      Rental Property Investor · Grapevine, TX · Member since 2020 · 137 posts · 52 votes
      9mo
      Quote from @Rhett Tullis:

      During the peak season the high demand areas generally go with schools so basically draw a "c" around the metro and you have it, edmond,deer creek, piedmont, yukon, mustang, moore, norman.  there are some metro areas that have high demand all year but those also tend to be more transient (move more often) as they are considered more "trendy" and often the renters do not have kids and so school year and school friends and schools do not dictate where they move.  Also more inventory in this area is smaller ie 2 bed or less or only 1 bathroom which are often a turn off to folks with kids like me.  Plaza, Paseo and the village are always well liked if schools are not a big concern to a tenant.  really depends on the clientele you are looking for.


       Thanks for the info Rhett! The Edmond, Yukon, Mustang, and Moore rentals have been producing well for us. Are you seeing an increase in inventory in those cities recently? If I'm able to buy 10 homes a month in those areas I would in a heartbeat. 

      0Reply
  • Rhett TullisBusiness Member
    Property Manager · Oklahoma City, OK · Member since 2013 · 1k+ posts · 617 votes
    9mo

    Main issue I am seeing is oversupply of vacant rentals in my opinion.  There are about 3 times as many as we have seen historically this time of year so that is a bit concerning.  It may even out but only time will tell.  Buying 10 is the easy part the hard part is finding ones where the numbers work and I would be cautious on rental estimates as we are seeing rates come down some.

    [email protected]405-283-6522
    Integrity Oklahoma
    WebsiteView Page
    1Reply
    • Michael Ewers
      OP
      Rental Property Investor · Grapevine, TX · Member since 2020 · 137 posts · 52 votes
      9mo
      Quote from @Rhett Tullis:

      Main issue I am seeing is oversupply of vacant rentals in my opinion.  There are about 3 times as many as we have seen historically this time of year so that is a bit concerning.  It may even out but only time will tell.  Buying 10 is the easy part the hard part is finding ones where the numbers work and I would be cautious on rental estimates as we are seeing rates come down some.


       True that. Appreciate the insight!

      0Reply
    • John B.
      Investor · Keller, TX · Member since 2019 · 76 posts · 62 votes
      9mo
      Quote from @Rhett Tullis:

      Main issue I am seeing is oversupply of vacant rentals in my opinion.  There are about 3 times as many as we have seen historically this time of year so that is a bit concerning.  It may even out but only time will tell.  Buying 10 is the easy part the hard part is finding ones where the numbers work and I would be cautious on rental estimates as we are seeing rates come down some.


       I own in a Cincinnati suburb and was looking to bring operations more local to my new DFW residence. Saw a quadplex for sale in OKC and I saw that it happened to be managed by you after reading this thread. Small world. 

      1Reply
  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    9mo
    Quote from @Michael Ewers:

    Hey y'all, 

    Is there a hot pocket/zip code where you are picking up your investment properties? 


     A lot of my investment properites are in 43205/43206/43202/43224. I built a $4M real estate portfolio doing brrrr deals like this. Giving away all of my secrets. 

    [email protected]614-802-5698
    ReafCo | Ahmed Group 534 Reviews
    WebsiteView Page
    0Reply
  • Placeholder Placeholder
    Member since 2026 · 2 posts · 1 vote
    8mo

    A quick and dirty way to find the best markets is looking up the section 8 voucher program and look at the highest tier zip codes in your area 

    0Reply
  • Matthew Thornton
    Member since 2025 · 104 posts · 37 votes
    8mo

    Would love to chat!

    0Reply
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