How to discover a really good investment property in Oklahoma City to buy

How to discover a really good investment property in Oklahoma City to buy

 

How to discover a really good investment property in Oklahoma City to buy

How to discover a really good investment property in Oklahoma City to buy

 

Thanks to popular investing and flipping shows on networks like HGTV, FYI, and DIY, real estae investors world over are looking to get started. As very visible, active local Oklahoma City expert investors newbs, newbies ask us all the time to share our secrets.

I guess it’s a good thing we like to pay it forward :]

 

One of the most important questions we get from local investors is “How to find decent investment propert in Oklahoma City ?”

With the flood of foreclosure deals all but dried up (compared to where they were a few years back)… people are having to get more creative in finding the best deals on great local Oklahoma City investment properties.

At Glymph Properties we recognized early on that there is no one right way to find local Oklahoma City investment properties. We find our deals on online & offline, our website www.gpsellshomes.com/investment-properties-okc, classified posting sites, traditional letters/postcards, and from “bird dogs” (acquisition agents).

 

Below we’ll share some things you can do to find local Oklahoma City high ROI investment properties to add to your portfolio.

Most investors are afraid of competition – they think that if they share their secrets, someone will steal their ideas from them.

I guess it’s a good thing that we feel that the more we help, the more information we put out there, the more business will come our way. We work with other investors to accomplish things together that we can’t do alone.

 

We share our learning and our philosophies here because we want to improve the quality of investment in Oklahoma City to build stronger communities. Ultimately, we are all investing in the same communities, so it makes sense to do it right.

 

There’s a few core principles that are important to understand if you want to get the best investment property deals.

First, think long term.

Real estate isn’t like the stock market. It’s where people live, work and play – not just numbers on a screen. It’s virtually impossible to make a crazy amount of cash in a short-term real estate deal, those come but are rare.

 

People have been investing in real estate since the dawn of time, so don’t expect that your “new” approach is going to blow the competition away. Sorry to bust your bubble, but chances are that it’s been tried before and there’s a reason it’s not that prevalent. Thinking long-term means learning from the past to better anticipate the future.

It also means that if you don’t find the local investment properties you’re looking for right away… just know that this isn’t a sprint… it’s a marathon.

 

That’s why it’s a great idea to find several sources of properties that fit your criteria (like our Oklahoma City Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.

Second, focus on relationships.

The investment community in Oklahoma City is much smaller than most people think.

Most investors don’t realize that there are really only a handful of major wholesalers, brokers, and investors who conduct most of the business in the Oklahoma City market.

 

You may have been in the same boat as most investors and hadn’t realized this, but that’s because the key players usually work with the same people on a regular basis. Unless you have occasion to work with them chances are you’ll never get to see how lucrative their friendship can be. Trust me when I say this… It’s well worth your time and effort to identify them. If you can… Learn From Them, Work With Them. Make yourself useful- bring them a good opportunity and let them reciprocate. They’re your best source of good deals, now and in the future.

How do you get to know them? Go to your local REIA ( Real Estate Investing Association) and find the people who are active and talk to them. Ask the most active folks there which good ( by good I mean actually have deals priced at wholesale vs retail- there’s a huge difference)wholesalers in the area are active- get their info- and make sure to find out which realtors, and title companies they work with. As a matter of fact- let anyone you meet at the REIA know that you are looking to buy Oklahoma City investment properties that fit your criteria- you never know who your next deal is going to come from. Understanding the age old concept of “it’s not what you know, it’s who you know” can make finding the best Oklahoma City deals easy. Relationships are a key factor to getting some of the best deals on Oklahoma City investment properties before anyone else has a chance to purchase them.

 

Who should you form relationships with( Hopefully all the weird symbols will really make you pay attention ;-))?

 

– – – A few of the top investment friendly real estate brokers in Oklahoma City- – –

– – -A couple real estate appraisers who deal w/ the types of properties you deal with- – –

– – -The top notch handful of property wholesalers in the area- – –

– – -The top handful of property rehabbers / flippers in the area- – –

– – -Title agents that work with investment properties a good deal- – –

Third, identify your target investment properties.

To be successful in investing, just like in everything else, you have to be focused. You have to mine your niche- focus on what will make you money. Some people make millions just in parking garages or storage units.

 

Others are experts in residential rentals, while others deal strictly with retail. Take your time… do your homework- assess the various segments of the Oklahoma City market to see which opportunities are truly the best for you – and not just the best marketed. Once you find exactly what you want to own, you can build a plan to find out who owns it and make sure that they know to call you when they want to sell that property.

 

This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth.

Finally – use technology.

Sign up for our list of exclusive properties, and we’ll notify you instantly when we find a great investment. We frequently source properties for deep discounts, secure them and then sell them for a discounted rate to the people on our list who are ready, willing and able to invest. There’s other ways to get notified about properties on the open market – you should get familiar with searching the multiple listing service with the rest of the herd, because every once in a blue moon a great deal shows up.

 

We don’t even look at anything remotely average – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Oklahoma City.

 

If you’re looking to seriously buy investment properties in Oklahoma City, we’d love to chat with you to learn your criteria, preferences, and objectives.

 

Hopefully you’ve learned how to find wonderful investment properties in Oklahoma City. If you have questions give us a call or join our buyers list below!

 

Give us a call at 888-509-6267 Ext 3 or fill out the form to get started now.

 

Sell Your Oklahoma City House Fast – We Buy Houses…Get A Cash Offer Today

 

We’re happy to help you find answers to your toughest questions about Oklahoma City, Oklahoma real estate, so please feel free to call us at 888-509-6267 Ext 3 and chat with us anytime.

Are you looking to find other properties to invest in… visit our investor website or give us a call anytime at 888-509-6267 Ext 3 for Great High ROI properties

www.gpsellshomes.com/investment-properties-okc

Check out our investing articles to educate investors!

Not only do we have properties around the globe but we also have real estate in Oklahoma : 73012, 73013, 73049, 73064, 73084, 73097, 73099, 73101, 73102, 73103, 73104, 73105, 73106, 73107, 73108, 73109, 73111, 73112, 73114, 73116, 73117, 73118, 73119, 73120, 73121, 73127, 73128, 73129, 73131, 73132, 73134, 73135, 73139, 73141, 73142, 73149, 73150, 73151, 73159, 73162, 73165, 73169, 73170, 73173, 73179, 74857.

 

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