Updated about 7 years ago on . Most recent reply
Tulsa Multifamily Broker/PM Recommendations
Hey everyone! I am currently looking for smaller multifamily properties in the Tulsa area and am looking for recommendations for brokers and property managers. I am specifically targeting smaller C-B assets, 5-30 units, up to $1.5 M. If any of you have any contacts of brokers and/or property managers that work with properties that fit the bill I'd love to hear your recommendations.
Of course, any of you investors that are local and have insight into the area I would love to hear your thoughts as well. I am just really starting to dive into my market research so any local advice is always appreciated. I plan to spend a week or so in October visiting the city and hopefully visiting some properties and connecting with potential team members, so lets connect and meet up if you and in the area and interested in talking shop over a beer/coffee/lunch. Thanks for the insight everyone and happy deal hunting!
Most Popular Reply
@Brandon Guite being that I have only invested and managed in TULSA and sub markets it would be hard for me to define any quirks from other markets. There are several areas that are in the path of progress that I have been keeping my finger on the pulse of. Anywhere around downtown is blowing up right now. You can find older property’s that have been ran down in the area if you are looking for value add opportunities. I have personally experienced that finding on market deals in multi-family is like finding an on market deals in single family (nearly impossible). Brokers are trying to sell based on over inflated performas. There are still reasonable sellers that understand and appreciate the value needed to make a deal happen you just have to be able to locate those owners. Out of the nearly 150 units I manage in the immediate Tulsa area (not counting Muskogee, or Ponca City) we are at 100% occupancy. I believe Tulsa is and will be in the years to come one of the best places to invest in the U.S.!