Oklahoma City - Best Zip Codes for 1%

[Harrison Sharp]

Hi all,

Currently living in my first house hack in DFW saving money for a second property. Looking for a second property in a market with a little better cash flow and have a few questions.

1. What zip codes in OKC are good for long-term buy and hold rentals that meet the 1% rule with good cash flow? On my next deal i'm looking for more than $200 per month factoring in PM and vacancy expenses.  Ideal price range is 80-140k.

2. Do you know of any investor RE agents I could get in touch with to start sending me MLS listings? I'm driving through in a few weeks and would like to have an area in mind and drive around and scope it out.

Thanks for your help

[Rhett Tullis]

just a few thoughts from my small corner of this city. 

-"good" is a loaded word.  what one tenant/investor considers good another thinks is great and another considers garbage

-never, never, never take a deposit from someone on the spot that wants to rent your house in okc.  do a background check make sure you know who you are "getting into bed with" before money changes hands.  i help folks solve issues from this practice on a daily basis.

-you can get to the 1% rule in alot of areas here but not as often as you could a few years back.  also if is hard to get the 1% rule if you pay over 110k for a rental here.  under 100k it is much more common.

have fun and let me know if i we can help, there are lots of investors here that can certainly give you an earful about okc and its many areas.