Garrett Ayers The Investors Broker
States: Oklahoma
Counties: Tulsa, Rogers, Osage, Creek, Muskogee, Okmulgee, Adair
Cities and Towns: Tulsa, Broken Arrow, Jenks, Bixby, Sand Springs, Owasso, Collinsville, Skiatook, Glenpool, Claremore, Verdigris, Sapulpa, Bixby, Catoosa, Jenks, Oakhurst, Pryor, Bartlesville, Sperry, Oologah, Inola, Coweta
Licensed Since: 2015 | OK License # 171032
About Garrett Ayers
Garrett Ayers has always had a mindset for business. After helping manage and grow his fathers business to 2 locations, he sought out new opportunities in real estate, looking to invest in himself, and the community around him. He originally got in real estate as a traditional sales associate, but through leadership of his peers, he course corrected towards becoming an investing agent, with goals of investing in the real estate market.
He worked with his business partner and Broker who created the Investors Brokerage in Tulsa, with the goal to become the number 1 real estate investment company in the Tulsa area, with focuses on helping local and out of state investors obtain properties through the many facets that real estate has to offer. Currently he is utilizing the BRRR strategy to create Airbnb for the local market around the downtown area, with goals on obtaining multi unit, or apartment complexes to also convert to Airbnb's and create a complex of Airbnb's.
Market Overview
Tulsa is a great investment market due to its versatility. It provides investors with the options to choose which investment strategy, and goals they are trying to accomplish. Depending on an investors goal, is going to determine which part of Tulsa, or surrounding towns they will want to invest in. Downtown Tulsa, has seen exponential growth and development over the past 5 years, creating the ability for young people to relocate here with living incentives, to growing the culture, arts, and culinary options available to make it a major metropolitan area. The market has seen a rise in house sales due in part to high demand for people wanting to move here for its affordability. Home sales have gone up by 30% across the board. Due to such high demand, rental prices have gone up between 5-10% depending on the location. This creates opportunity for the flippers, and also the Renters There are areas of Tulsa that can provide consistent rental income, with the ability to consistently appreciate due to development, but if you are a first time investors, or just want consistent income and to obtain a lower priced property, then Tulsa has that also.
Investment Price Points
Flipping: B to C neighborhoods - Entry level pricing $50,000-$150,000. These properties are going to be more distressed, and more than likely need full remodels, but given the numbers are correct, you can work towards a return of between 15-30% on average.
A to B neighborhoods $150,000-$200,000. Going to be more expensive properties, that will need big items fixed such as foundation, roof, etc. but if bought at the right price and the rest of the property is sound or needs minimal work, you can expect a return between 15-20% on average.
Renting: C to D neighborhoods - entry level pricing around $80,000-$115,000. 2be/1ba or 3be/1ba's 850-1200sq ft.. single family homes rent between $650-$1100/mo.
B to C neighborhoods - Entry level pricing around $115,000-$180,000 3be/1ba, 3be/2ba, and 4be/2ba's 1200-2000sq. ft. single family homes rent between $1100-$1650/mo.
A to B neighborhoods - Entry level pricing around $180,000-$250,000. 3be/2ba, 3be/3ba, 4be/2ba, 4be/3ba, 1850-3000sq ft. single family homes rent between $1500-$2300/ mo.
Free Report: Demographic and Housing Data on the Tulsa Market
Would you like free demographic and housing data on the Tulsa market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Tulsa market is right for you! Click here to get your free report.
