Investing Tips for OK - OKC Metro Area, Norman, and Edmond

[Steven Pratama]

Hi Everyone,

I'm looking to purchase my first OOS single family rental property in Oklahoma. I'm currently looking at OKC Metro Area, Norman, or Edmond. I'm really interested in the future growth of the Oklahoma City especially with the approved MAPS 4 Project. I'd appreciate any local insights or knowledge that you may have.

My buying criteria is as follow

• Property Type     Single Family
  Market               Oklahoma
  Neighborhood     Edmond, Norman
  Property Details  min. 2BD 1BA
  Neighborhood     B to C+
  Property value    < $150,000

Thank you.

[Will Fraser]

Hi @Steven Pratama, as a local investor and agent I couldn't agree with you more.  The MAPS programs on the whole, and especially the current and previous iterations, have embodied some of what I look for in long-term investment markets -- governments making decisions that will positively impact values in 15-30 years.

As far as Edmond, Norman, and the rest of the metro -- there's plenty of value to be found all around, and certainly in both of these suburbs.  My personal opinion would be that Norman will give you "better deal", but Edmond is a "better bet."   

There's more to unpack on this subject, but in short your criteria seem reasonable and achievable!