MFH in and around Tulsa
I have a couple of duplexes and SFH in and around Tulsa that are rented out and managed by a property management company. I would like to get into MFH there. I would like to know how the market looks like in terms of MFH and what areas to consider and avoid.. Any advice would be greatly appreciated.
I live in Bay Area, but went to school in Tulsa and love that city. Would also be interested in exploring partnership opportunities.
Thanks
Sam
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- Real Estate Broker
- Tulsa- OKC Oklahoma
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Not sure where your homes are but my experience is that you can get solid B SFR properties in Tulsa that will always stay rented and have some appreciation. These rent from $800-1100 per month. Most of the MFH in Tulsa is C or D disguised as C. These rents range from $450-$695. Turn over is high and maintenance is crazy. In this market I really feel like moving into this type of property is a step backwards. Reach out if you would like to discuss. I am always happy to visit.
Tracy