What does everyone think of Tulsa, OK?

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What does everyone think of Tulsa, OK?

Lowry Coe
Member since 2019 · 23 posts · 9 votes

Girlfriend and I might be moving to Tulsa from DC and have been doing a ton of research into the city recently. We are both shocked at how nice Tulsa seems. Looks like a lot of things are happening and the city is trending in the right direction.

But it’s still Oklahoma, I know nothing about it have never been before. Friends of mine in Dallas told me that locals have started to spend long weekend in Tulsa and that it’s pretty cool.

Anyway, if we move there we’d like to buy two properties out of the gate.

What are your thoughts on Tulsa for rental income or for flipping homes?

2Reply
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Jeff Filali
Rental Property Investor · Broken Arrow, OK · Member since 2016 · 1k+ posts · 1k+ votes
6y

@Lowry Coe I live in the Tulsa area, and own many SFR's & Condo rentals in the metro and surrounding areas, and have also flipped & wholesaled many SFR's. So, I'm highly involved in the market full-time.

My opinion is that Tulsa and surrounding suburbs provide a great place to live, and to invest in both Real Estate & Business in general. The median housing prices are low here, your money buys a lot more home. The property taxes are also lower throughout Oklahoma. Though Appreciation is NOT as near as high as many major markets in other states. The rental rates are decent, and can be great if acquiring properties at typical investor discounts. 1-1.5% rental to price ratios are still very attainable in A & B Neighborhoods, and sometimes up to 2% if investing in C Areas. Good acquisition deals on Multi-Family are a much harder to find though due to competitiveness in the market. But they’re still better than many other markets. Here’s links to a lot of helpful information.

* (BP Monitoring please Note I do not own or benefit in any way from any of the following companies)

Video: About Tulsa (from City of Tulsa)

Retail Housing Sales Report: Jan 2020 Median Report (from local Tulsa Realtors)

Rental Indicators: 25 US Cities Where Rents Increasing the Fastest No. 9 Tulsa & No. 11 Oklahoma City (from Business Insider online)

More Tulsa Market/Economy Info: (from other various sources listed)

“What Others Say”• No. 5 among top-10 U.S. cities where the average renter can afford to live alone (SmartAsset.com 2019)

• No. 1 City Among Top 25 Most Affordable Cities to Live & Work 2019 (BusinessStudent.com 2018)

• No. 1 U.S. city where incomes are growing the fastest (GOBankingRates.com 2017)

• No. 3 among top U.S./European cities for innovativemunicipal problem solving (Cities of Service, 2018)

• No. 4 best city for traffic (CarRentals.com 2019)

• No. 4 best large city for starting a business(WalletHub.com 2017)

• No. 5 among America’s Best Small Cities (BestCities.org 2019)

• No. 3 most popular city for extremely active millennials(ActiveNetwork.com 2018)

• No. 1 Broken Arrow ranked Most Livable Small City in the U.S. (City Livability Awards 2018)

• No. 6 among top 7 Most Recession Proof U.S. Cities (Livability.com 2019)

• No. 7 among top 10 U.S. counties in job creation 2017-18 (Economic Innovation Group & Labor Dept. 2019)

• No. 7 among America’s Best Small Cities (BestCities.org 2018)

• No. 13 among top 50 cities for economic opportunity (Yelp.com 2017)

• No. 1 State with lowest overall Tax Burden (Anderson Economic Group 2017)

• No. 5 Best State for starting a business (WalletHub.com2019)

• No. 5 Top Metro for Job Creation (SiteSelectionMagazine2019)

• No. 5 among America’s Top 10 Small Cities (ResonanceCo.com 2019)• No. 9 Least Energy Expensive State (WalletHub.com 2018

I hope you found this all helpful in better evaluating the Tulsa OK market 

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  • Cassi Justiz
    Rental Property Investor · Edmond, OK · Member since 2017 · 1k+ posts · 1k+ votes
    6y

    I'm not super familiar with the Tulsa rental market, but I have heard it's fantastic. As far as the city itself, it is super cool. There is a lot of stuff happening and it's a great place to spend time. There are lots of cool live music venues, several great museums, cool parks, etc. 

    @Tracy Streich and @Scott England would be great Tulsa resources to connect with. 

    2Reply
  • Tracy StreichPro Member
    Real Estate Broker · Tulsa- OKC Oklahoma · Member since 2017 · 868 posts · 801 votes
    6y

    Happy to help anyway we can.   Feel free to reach out and discuss what you are looking to buy.  

    [email protected]918-728-8080
    1Reply
  • Scott England
    Rental Property Investor · OK · Member since 2015 · 316 posts · 216 votes
    6y

    @Lowry Coe

    I live in OKC but have been doing most of my acquisitions in the Tulsa area lately. I thinks it’s a great market to buy right now, IMO.

    4Reply
  • Preston Roach
    Rental Property Investor · Tulsa, OK · Member since 2017 · 35 posts · 17 votes
    6y

    Hi Lowry! Tulsa has a ton going for it right now. It was actually mentioned on the top 25 list from trip advisors for emerging world destinations in 2020.

    My wife and I are investors in the area. We recently purchased a quadplex near downtown to house hack. My Dad and I flipped a house near Tulsa last year.

    There are quite a few nice suburbs surrounding Tulsa that are very stable rental markets, and Tulsa proper has been expanding lately as well.

    Anyway, send me a message if you'd like to connect! 

    https://www.usatoday.com/picture-gallery/travel/destinations/2020/02/25/curacao-tulsa-tripadvisors-top-25-emerging-world-destinations/4856568002/

    1Reply
  • Michael Slockers
    Real Estate Entrepreneur · Owasso, OK · Member since 2015 · 220 posts · 154 votes
    6y

    @Lowry Coe LOL "But it's still Oklahoma"

    That it is, my friend! Where people are nice, real estate is (fairly) stable and boring, and cash flow is achievable!

    I think it's a good rental market. Tulsa is pretty heavily based on oil and gas, though not completely. Just check the news, oil and gas is no bueno right now. That could mean a good time to buy in Tulsa is coming up? 

    If you have any more specific questions, reach out. We have rentals from Skiatook to Jenks and Broken Arrow. We have flipped in all of those areas as well. 

    8Reply
  • Rhett TullisBusiness Member
    Property Manager · Oklahoma City, OK · Member since 2013 · 1k+ posts · 617 votes
    6y

    I think everyone should start buying in Tulsa (and leave okc alone for us locals)

    [email protected]405-283-6522
    Integrity Oklahoma
    WebsiteView Page
    2Reply
  • Jeff Filali
    Rental Property Investor · Broken Arrow, OK · Member since 2016 · 1k+ posts · 1k+ votes
    6y

    @Lowry Coe I live in the Tulsa area, and own many SFR's & Condo rentals in the metro and surrounding areas, and have also flipped & wholesaled many SFR's. So, I'm highly involved in the market full-time.

    My opinion is that Tulsa and surrounding suburbs provide a great place to live, and to invest in both Real Estate & Business in general. The median housing prices are low here, your money buys a lot more home. The property taxes are also lower throughout Oklahoma. Though Appreciation is NOT as near as high as many major markets in other states. The rental rates are decent, and can be great if acquiring properties at typical investor discounts. 1-1.5% rental to price ratios are still very attainable in A & B Neighborhoods, and sometimes up to 2% if investing in C Areas. Good acquisition deals on Multi-Family are a much harder to find though due to competitiveness in the market. But they’re still better than many other markets. Here’s links to a lot of helpful information.

    * (BP Monitoring please Note I do not own or benefit in any way from any of the following companies)

    Video: About Tulsa (from City of Tulsa)

    Retail Housing Sales Report: Jan 2020 Median Report (from local Tulsa Realtors)

    Rental Indicators: 25 US Cities Where Rents Increasing the Fastest No. 9 Tulsa & No. 11 Oklahoma City (from Business Insider online)

    More Tulsa Market/Economy Info: (from other various sources listed)

    “What Others Say”• No. 5 among top-10 U.S. cities where the average renter can afford to live alone (SmartAsset.com 2019)

    • No. 1 City Among Top 25 Most Affordable Cities to Live & Work 2019 (BusinessStudent.com 2018)

    • No. 1 U.S. city where incomes are growing the fastest (GOBankingRates.com 2017)

    • No. 3 among top U.S./European cities for innovativemunicipal problem solving (Cities of Service, 2018)

    • No. 4 best city for traffic (CarRentals.com 2019)

    • No. 4 best large city for starting a business(WalletHub.com 2017)

    • No. 5 among America’s Best Small Cities (BestCities.org 2019)

    • No. 3 most popular city for extremely active millennials(ActiveNetwork.com 2018)

    • No. 1 Broken Arrow ranked Most Livable Small City in the U.S. (City Livability Awards 2018)

    • No. 6 among top 7 Most Recession Proof U.S. Cities (Livability.com 2019)

    • No. 7 among top 10 U.S. counties in job creation 2017-18 (Economic Innovation Group & Labor Dept. 2019)

    • No. 7 among America’s Best Small Cities (BestCities.org 2018)

    • No. 13 among top 50 cities for economic opportunity (Yelp.com 2017)

    • No. 1 State with lowest overall Tax Burden (Anderson Economic Group 2017)

    • No. 5 Best State for starting a business (WalletHub.com2019)

    • No. 5 Top Metro for Job Creation (SiteSelectionMagazine2019)

    • No. 5 among America’s Top 10 Small Cities (ResonanceCo.com 2019)• No. 9 Least Energy Expensive State (WalletHub.com 2018

    I hope you found this all helpful in better evaluating the Tulsa OK market 

    9Reply
  • Lance Lewton
    Investor · League City, TX · Member since 2018 · 34 posts · 12 votes
    6y

    @Jeff Filali

    So I’m bumping this discussion and wondering how y’all made out through Covid.

    You mentioned the appreciation wasn’t all that great, but hopefully that changes with it growing.

    I’d like to get in on next market area before it heats up, but u know how that game plays out.

    Anyways, I think Tulsa could be the next hot market years from now.

    REI Nation "Memphis Invest" is investing there now. I'm thinking of going through them or trying a local realtor.

    Good luck

    2Reply
  • Doug Spence
    Investor · San Diego, CA · Member since 2016 · 1k+ posts · 975 votes
    6y
    Originally posted by @Lance Lewton:

    @Jeff Filali


    REI Nation "Memphis Invest" is investing there now. I'm thinking of going through them or trying a local realtor.

     @Lance Lewton This is interesting to me! Maybe I should look into Tulsa some more.. 

    1Reply
  • Jeff Filali
    Rental Property Investor · Broken Arrow, OK · Member since 2016 · 1k+ posts · 1k+ votes
    6y
    3Reply
  • Nate Sanow
    I​nvestor & Agent · Tulsa, OK · Member since 2016 · 1k+ posts · 1k+ votes
    6y

    @Lance Lewton

    Nice bump. We love eyes on Tulsa and welcome you with arms wide open.

    1Reply
  • Brian Wagers
    Rental Property Investor · Northwest Arkansas · Member since 2016 · 52 posts · 30 votes
    6y

    Anyone in here actively involved in Multi Family in Tulsa? We currently own and operate 350+ units in Northwest Arkansas and looking at expanding into Tulsa as well as Little Rock. It seems like from the deals I have looked at that Tulsa is almost as hot as the market or as hot.

    1Reply
  • Nate Sanow
    I​nvestor & Agent · Tulsa, OK · Member since 2016 · 1k+ posts · 1k+ votes
    6y

    @Brian Wagers

    @Corbin Marcotte

    Corbin might have some insight or connections for you

    2Reply
  • Corbin Marcotte
    Real Estate Agent · Tulsa, OK · Member since 2016 · 98 posts · 60 votes
    6y

    @Nate Sanow thanks for the tag. 

    @Brian Wagers for sure it is a super hot Multi-Family market. I get calls all the time from out of state investors looking to buy multi family in Tulsa. There is WAY more demand than there is supply. Fortunately because of the recent events of the world it appears that many long time owners are starting to consider to sell! I see many deals coming in the next year here in Tulsa!!! 

    4Reply
  • Miron Briley
    Real Estate Consultant · Dallas TX · Member since 2021 · 59 posts · 38 votes
    5y

    @Jeff Filali are there any wholesellers in Tulsa we can connect with ?

    0Reply
  • Tom O'Stasik
    Real Estate Agent · Tulsa, OK · Member since 2019 · 130 posts · 66 votes
    5y

    @Miron Briley hi, I’m an investor and agent. I work with local and out of state investors. I find both off and on market deals for my clients regularly. Happy to add you to my email list and connect

    1Reply
  • Ryan Zwerneman
    Investor · Tulsa, OK · Member since 2019 · 16 posts · 10 votes
    5y

    Investing in Tulsa and the surrounding areas while we also have deals to assign as well. Check us out at buybluefirefly.com for current investment properties, selltobluefirefly.com for our seller site. Looking forward to connecting. 😁

    0Reply
  • Alan NortonPro Member
    Investor · Oklahoma City · Member since 2018 · 12 posts · 14 votes
    3y

    @Jeff Filali are you interested in a 4/1.5 in 74115 zip?

    0Reply
  • Alan NortonPro Member
    Investor · Oklahoma City · Member since 2018 · 12 posts · 14 votes
    3y

    @Tracy Streich I have a contract for a 4 bedroom 1 and a 1/2 bath single family home in Tulsa, are you interested in taking a look?

    0Reply
  • Luka Milicevic
    Real Estate Agent · Nashville, TN · Member since 2015 · 2k+ posts · 2k+ votes
    3y

    Did you see Sylvester Stallone moved there and is setting up shop in the CBD industry! 

    0Reply
  • Kevin ClaytonPro Member
    Los Angeles, CA · Member since 2018 · 12 posts · 3 votes
    8mo

    @Scott England Happy New Year. Would love to talk more about Tulsa. I have a buddy investing in the area and we happen to be here now looking at property he’s purchased and exploring other opportunities.

    0Reply
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