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Updated about 1 year ago on . Most recent reply

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Kinnari Pandya
  • Rental Property Investor
10
Votes |
8
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Oklahoma City For Real Estate Investment?

Kinnari Pandya
  • Rental Property Investor
Posted

Hi,

I am a real estate investor from California and seeking insights. I am considering to invest in a single family residence in Oklahoma City, closer to Bricktown. Can someone guide if Oklahoma would be a good choice being high on the tornado index? Additionally I read that the appreciation in Oklahoma may not be as strong. One attractive factor for me is the recent announcement of the tallest tower planned to be build by 2030 that was recently approved with no height restriction. Trying to get ahead before the area experiences appreciation due to these multi use towers. Also, the ROI seems better than California. Thank you for your time.

Most Popular Reply

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520
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Ben Scott
  • Property Manager
  • Oklahoma City, OK
325
Votes |
520
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Ben Scott
  • Property Manager
  • Oklahoma City, OK
Replied

Oklahoma City agent and property manager here. We haven't bit hit by a big tornado since 2013. It seems tornado alley has moved a bit east in the last 10-15 years. Oklahoma does have very high insurance premiums relative to other markets due to frequent hail storms. We recommend our out of state investors look at SFHs in suburban areas around the city with good schools. Less turnover and deferred maintenance. Most of the homes built in the urban core of OKC are 1950s or older.

  • Ben Scott
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