Rental Property Investor · Los Angeles · Member since 2019 · 146 posts · 101 votes
Hi just wanted see who in investing in OKC multifamily? I have 71 unit in Norman where we have completed our due diligence. This will be our first syndication. So now I’m getting prepared to raise the money required. I will be bringing funds from 1031 as well. We are also getting the appraisal back next week so we are working on the financing hump concurrently. Interested in connecting with anyone in the market or anyone looking to invest in the market. Always looking for new partners to collaborate with. Hope everyone is having a restful Sunday.
@Jonathan Barr I'm in the OKC market. Most of the investors I know are buying single family homes. Multi just typically isn't priced right. We all typically focus on only off-market deals. I know @Ron Todd was hoping to get into some Norman multi not long ago!
@Jonathan Barr I'm in the OKC market. Most of the investors I know are buying single family homes. Multi just typically isn't priced right. We all typically focus on only off-market deals. I know @Ron Todd was hoping to get into some Norman multi not long ago!
We are local and buy in Norman and OKC market. We happen to be single family focused. Agree with @Alyssa Dyer's points on speaking for the whole of the local investors being SFH off market here, but this of course is likely the case in many places. Yes, there are multi investors around though.
I'm buying my property 45k a door which is on lower end of average of sales. Most the property has been rehabbed, its mainly an expense reduction/management play. We hope to open to more deals after this one. We are fan of the market and fundamentals moving forward.
Thanks Levi. @Jonathan Barr always happy to help. I would be happy to share some of the market data I have from Norman or chat through any questions you have.