Looking to make meet fellow BP members in the Oklahoma area

@Anthony Petrozzella

It’s me

I live in NYC and invest in OKC too :)

@Son Tran

How many units do you have so far ?

@Anthony Petrozzella

I started in Sep 2019, not long ago. Now I have 7 doors.

@Son Tran

I’m looking to buy my first door there. Can you give any advice based on your experience so far ?

@Son Tran

What areas are your properties in?

@Jai Reddy

I buy all over, as long as the numbers make sense. :)

So far I like the South, Lake Hefner and Edmond.

@Anthony Petrozzella

I don’t have much experience to give you advice. I do it and with all the help of my friends who live there.

You need to find someone who can do it for you or fly there to do the first few ones and understand the market. Once it is smooth and running, you can remotely control the process.

@Son Tran

I have a friend there that has 4 doors so far. He has all the connections; real estate agent, contractor , property manager , etc

@Anthony Petrozzella

That is awesome. Your friend that you can trust is the first step to get you to investing out of state. Ask him to hook you up with these parties.

@Anthony Petrozzella

I live in Oklahoma! Born and raised. I am just starting my real estate venture and am looking in the Shawnee area. Decent sized town with a college and other attractions I believe would be conducive to rental success. I am also meeting with a friend of a friend next week that invests in the area to pick their brain!

I live in Edmond and invest in OKC and Midwest City. 

This is a great place to connect! 

Is anyone NOT buying rental properties in Oklahoma? (Insert laughing emoji)

I am looking at OKC and surrounding areas too.  I don't know anyone personally yet.  I am looking to build relationships with other BP investors in the OKC area.  We are driving through Oklahoma in June on a family road trip.

I made contact with Kierra and Alyssa from Table Investments and both are super helpful for people looking for turnkey properties.

@Mark Keeler

Looking at your profile, it appears you invested in a Colorado duplex (turnkey?) and it didn’t go well.

Any lessons to share?

Why are you looking for turnkey? Wouldn’t you want to locate your rental yourself, acquire it, then use a local property management company to lease and manage it? Just curious as to what your strategy is?

I've got several properties in Oklahoma. I saw someone already mentioned table investments, I worked with them to get a house in OKC. I would highly recommend you talk with them and get a feel for the area. They are not hard sell and they go out of their way to answer any questions. I'd be happy to answer any questions, feel free to DM me.

Originally posted by @Anthony Petrozzella :

Looking to make meet fellow BP members in the Oklahoma area

Anthony, I look forward to connecting with you. I live in Yukon, which is 15 minutes west of OKC.

@Kurt Michaelson

I sent you a request to connect

@Ron Todd

I just reached out to Table Investments. Thanks for the introduction 👍🏻

As with any market I recommend contacting a local professional property manager.   Self manage or professional manage just make sure to get an opinion of rents from someone who really understands the rental market.  Sec 8 works better in some local municipalities than others.   Are you going to take Sec 8 renters?   Work through some of these details before jumping into investments in other markets.   I think great money can be made in the sec 8 market but we have been involved with cleaning up the mess many OSS investors get into when they don't know the answer to some of these questions before they buy. 

@Son Tran

What is the going rent in Edmond for a 2 bedroom single family home ?

@Anthony Petrozzella

2BR? I think around 800-950 max, depending on which area in Edmond.

I would normally avoid 2BR, it’s harder to rent out than 3BR.

@Son Tran

Great advice ! Thank you !

@Anthony Petrozzella

My name is Alex. I'm glad to hear Oklahoma has caught your attention. I'm a property investor in the state as well. I just bought this duplex in Edmond a few months ago. Looking to buy a quad next. What are you shopping for? Quick Tip: If you're investing in multifamily, always make sure each unit has its own meter. Otherwise, you could be caught with the bill each month. 
 

@Mark Keeler & @Ron Todd thanks for the shout out. We look forward to connecting @Anthony Petrozzella .