Which out of state areas are you investing in?

Which out of state areas are you investing in?

Member since 2019 · 3 posts · 0 votes

I’m looking to purchase my first investment property outside of my home state (Utah). Where are you investing that’s outside your home state?

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Real Estate Broker · Ardmore, OK · Member since 2019 · 17 posts · 27 votes
7y

I agree with @Cassi Justiz .  There’s amazing investing opportunities here in Oklahoma. I live in Ardmore, the first notable town north of Texas on I-35.  We are 1.5 hrs to Okc or Dallas/Ft Worth. Just a few miles from a beautiful lake and the world’s largest casino. This little town is booming. Houses here are very inexpensive. Cap rates are around 8% with everything factored in. Several of my rentals are capping at 15%. I own a real estate company here and also do property management. My vote is admittedly bias, but check into Oklahoma. It’s a great place to invest.

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  • Rental Property Investor · Edmond, OK · Member since 2017 · 1k+ posts · 1k+ votes
    7y

    I live in Oklahoma City and invest here and in Lubbock, TX. But I'm fortunate enough to be able to live in a market that actually works to invest in. I've tried to find more properties in Lubbock, but the numbers have to be better for the deal to work because the property taxes are double what I pay in OKC. 

    I work with a lot of out of state investors that are making moves into the OKC and Tulsa markets right now. I think Oklahoma is getting on the radar for out of state investors. 

  • Real Estate Broker · Ardmore, OK · Member since 2019 · 17 posts · 27 votes
    7y

    I agree with @Cassi Justiz .  There’s amazing investing opportunities here in Oklahoma. I live in Ardmore, the first notable town north of Texas on I-35.  We are 1.5 hrs to Okc or Dallas/Ft Worth. Just a few miles from a beautiful lake and the world’s largest casino. This little town is booming. Houses here are very inexpensive. Cap rates are around 8% with everything factored in. Several of my rentals are capping at 15%. I own a real estate company here and also do property management. My vote is admittedly bias, but check into Oklahoma. It’s a great place to invest.

  • Real Estate Agent · Oklahoma City, OK · Member since 2019 · 956 posts · 600 votes
    7y

    @Sabrina Huyett I second Cassie in that I see OOS investors flocking to OKC. Price points are great, cap rates are hitting 8% in C class areas, cash flow is consistent and taxes aren't crazy! 

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