New home buying RE strategy (Oklahoma Area)
Jumping onto the forums after a long break. Looking to possibly move to a suburb of Oklahoma City such as Choctaw, Harrah area and want to purchase a home in the 200-275k range in a growing neighborhood focused on value appreciation. My thoughts (Actually David Greene's :) are to live in the home for 1-2 years before purchasing another home in a growing neighborhood and renting out the former. Wondering who has done this strategy and willing to share some of the details. How do you assess the best neighborhoods that will have above average growth over the next 5, 10, 15 years? These areas have several new subdivisions being constructed, are new homes a good value option? Obviously no rehab costs req'd and things are up to date. Any thoughts welcome.