Memphis and Oklahoma City

[Ashton Tracey]

Hello BP!

I am a new investor. I am based in Denton TX, and I am looking into out of state investing. My first choice is Oklahoma City, but I’m also looking into Memphis. I’ve interviewed a couple of Realtors in Oklahoma City, but I’ve been finding that the general consensus there is that the market is not in a cash flow cycle.

My budget is below 150k, I am looking for SFH and possibly duplexes.

1. Any investor friendly realtors and property managers would you recommend for that area?

2. If you’re an investor there, how are things going? How do you like it?

I would love to connect with other investors and build a network.

Thank you,

Ashton

[Nicholas L.]

@Ashton Tracey

i have to ask you. why not invest locally?  i suspect you'll say "too expensive," but out of state comes with challenges too, and getting crushed by deferred maintenance and overpriced contractors is actually very expensive.

memphis in particular - to be successful there, you'll need a team and a strategy, not just interest solely because it's "cheap" to buy there.  will you go there in person?  do you have a team?

here's what happens to people who just randomly buy in a "low cost" market:

https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

https://www.biggerpockets.com/forums/963/topics/1195280-expe...