Oklahoma Market - Good BRRR Market?

Question

Hello,

I currently live in DFW TX looking for my second property to invest in.  Dallas prices are on the rise but OK just a 3 hour drive away appears to have some great lower cost options for BRRR.  Thinking it might be safer to stay closer to home for a potential rehab but might be too good to pass up.  I haven’t seen any recent posts in the forums about OK.  Wondering if anyone is currently finding success in that market.

Thanks,Rona

Alyssa Dyer · Answer

@Rona Faison of course!  With such approachable price points and low taxes, it's easy to lock down 8% cap rates if you're working with the right provider. Let me know if you ever have any questions about OKC and good luck on your second property!

Alyssa Dyer · Answer

@Rona Faison unless you can cut some middle men it's not the best place to BRRR. If you wanted to do your own direct mail campaigns, negotiate your own deals, or doesome of your own rehab the numbers could work out. But if you're doing a typical out of state deal you're looking at a long wait line and hopefully only leaving 10% of the ARV in. You'll also be absorbing both sets of closing costs. It's a really solid buy and hold market though!

Rona Faison · Answer

@Alyssa Dyer- thanks for the insight.  I figured that could be the case.  Good to know that it still has its strengths as a buy and hold market though.