Welcome to Oklahoma City

Oklahoma City is the 9th fastest growing city in the US for metros over 1 million

Oklahoma City is #6 in large metro areas for biggest increase in wages and salaries, The Atlantic

Oklahoma City unemployment is 3.8%, lowest in the US for metro areas over 1 million

Oklahoma City is No. 3 in office space growth rate-Newmark Grubb

Oklahoma City Information

In 2009 only 5.9% of Oklahoma homes had underwater values, lowest in the US. Nevada was over 70%, the highest for contrast.

In three sales tax issues, Oklahoma City has put or will put almost $3 Billion in infrastructure spending.

In the last 38 months only 2 months has not shown state record revenue growth over the previous year.

Real Estate keeps setting records for transactions and volume since 2011.

Oklahoma City is #1 City in large metro areas for starting a business, Kiplinger News

Oklahoma City is #5 City in large metro areas in job creation, Forbes

Oklahoma City is #9 City in large metro areas for most affordable to live, Forbes

Oklahoma City is one of 3 large metros in the US to post an above 4.5% increase in GDP.

Top Ten Investor Markets for Cash FlowRank Metro Area Short-term profit

(monthly)Short-term profit (annually)

1 Oklahoma City $536 $6,431

2 Miami-Fort Lauderdale, Fla. $515 $6,184

3 Tulsa, Okla. $396 $4,753

4 Cincinnati $385 $4,621

5 Denver $355 $4,258

6 Rochester, N.Y. $349 $4,182

7 Tampa, Fla. $287 $3,448

8 Dallas-Fort Worth, Tex. $264 $3,166

9 Indianapolis $251 $3,014

10 Memphis, Tenn. $242 $2,901

About Me

Selling Investment property since 1989

2011 President Edmond Board of REALTORS®

2011 Edmond REALTOR® of the Year

2014 Oklahoma REALTOR® of the Year

2013 President Oklahoma Association of REALTORS®

2014 Vice Chairman NAR State Leadership Ideas Exchange Council

2015 Chairman NAR State Leadership Ideas Exchange Council

2016 NAR Regional Vice President

What about the Oil Business?

The Fraser Institute located in Canada is an independent oil industry analyst organization and recently released a December 2014 report about 156 different energy jurisdictions in the world and ranked them for investment. Oklahoma was ranked No. 1.

Oklahoma currently has the lowest decrease in rig count for all oil producing states in the US at 18%. Part of this is due to replacements for older Series 5 rigs with larger and more economical for drilling Series 7 rigs.

The greatest losses for drilling occur in three areas: First is of off shore drilling, the second is Canadian tar sands, and third is older shale plays because of the increased cost of extraction.

For the above reasons our four largest independents, Devon, Chesapeake, Continental, and Sand Ridge have been recalling engineers they don’t want to lose back to the home offices. Houston and the Midland/Odessa areas have brought us the most.

The greatest loss of employment in energy is for “landmen” that seek out land for lease for drilling. In Oklahoma that has mostly been accomplished for our current plays.

In the SCOOP, the South Central Oklahoma Oil Province, the estimated oil reserves is 70 million barrels. By comparison the Baaken in North Dakota was estimated at 23 billion barrels. This does not include natural gas.

Conclusion: Yes, it will affect Oklahoma primarily in tax revenue for the lower price of a barrel of oil being sold. It will affect employment outside of Oklahoma City but less than 4% of Oklahoma employment is related to energy. It is moving higher paying energy jobs into the city and our days on market for lease properties has not gone up, it has stayed consistent, so again Oklahoma City is remarkable for its stability.

Tinker AFB expansion

The Air Force has just purchased 158 acres at Tinker AFB for the new KC-46A Pegasus Transport that replaces the KC-135. This will be the major repair depot for this plane. The Air Force paid $8 million of the $36 million land deal and the rest was paid by Oklahoma County and Oklahoma City. The build out will be in excess of $500 million and will employ 1321 private contractors bringing more high paying jobs into Oklahoma City, with the addition of 350 construction jobs.

Tinker AFB is the largest Air Material Base in the world and is also with one other base for all parts supplied to all foreign Air Forces. Tinker including off base companies like Boeing have employed over 45,000 people. Tinker is located in the Oklahoma City school system, and Choctaw and Moore are the two closest suburban school systems to the base and will benefit the most from the new jobs.

In the past 4 years Boeing alone has transferred 550 engineers from California, half the workforce located in Wichita Kansas, and in the last year transferred over 450 people from Washington State.

Why you should buy in Oklahoma City

Oklahoma City is a linear market where we stay away from high highs and low lows so a great appeal for conservative investors.

Vacancy rate has been running from 1% to 3% because we obey the laws of supply and demand.

Oklahoma City is on the onset of housing diversification so for us duplexes and town homes are a new category.

The large corporate investors have focused on the bubble markets like Florida, Georgia, Arizona, and Nevada.

I have 25 years experience in investment real estate, extensive training, a great team, and outstanding property management.

We want to give you investments that allow you to sleep at nights, truly passive income so you have more time for primary work, family, and recreation.

We focus on new construction with long term warranties, no need for rehab, and you get them at discount prices.

We have worked diligently to build the most comprehensive team of specialist to maximize your future wealth.

Mustang Home for Sale

Plan SF Home List Seminar Price

West Village 1406 4.2.2 $140,000 $129,900

Mustang Home 20% Down 4.625%Plan Mortgage Payment Rent Cash Flow

West Village $104,000 $813 $1150 $355

*cash flow is figured at minimum rent and property management fee included in the payment

West Village

MLB Homes for Sale

School Plan Size SF Home Price Cash F

Choctaw King 1583 4/2/2 $159,900 $378-478

Choctaw Bailey 1750 4/2/2 $169,900 $390-490

Deer Creek King 1583 4/2/2 $169,900 $406-506

Deer Creek Bailey 1750 4/2/2 $181,900 $440-540

MLB Homes Ready in June/July

Cash flow figured at 4.50%, 20% down loans, HOA dues and property management fees are figured in.

All homes come with Granite counters, Stainless Steel Appliances, 2-inch blinds, 6 foot wood privacy fence, and garage door opener.

Council Ridge is starting Phase Two with the addition of ponds, clubhouse, and neighbourhood pool. It is located in the Number One school district in the state and this year we have rented every home before the investor closed.

Council Ridge

Mill Creek Mill Creek is in Choctaw Schools but is the closest suburban school system to Tinker AFBO. We have Eight lots left for investors starting at $159,900 for the homes.

Timbercraft Homes Ready in June/July

School Plan Size SF Home Price Cash F

Moore Durango 1353 3/2/2 $142,500 $325-425

Moore Windsor 1568 4/2/2 $156,500 $450-550

Moore Durango + 1400 3/2/2 $146,500 $441-541

Savannah Lakes has an average home price of $235,000 but our new homes can start as low as $169,900. The neighbourhood has ponds, playgrounds, pool, and clubhouse and is close to the City of Mustang’s main recreational area.

Please get on an ICG mailing list and in the next few weeks we will be sending details on the homes and prices for each neighborhood.

Savannah Lakes in Mustang

MLB Elevations

Size Details Price Payment Rent Cash Flow

3100SF 3/2.5/2 $313,100 $2002 $3000 $990-1190

3383SF 3/2.5/2 $341,683 $2068 $3200 $1007-1207

3950SF 4/2/2.5 $398,950 $2453 $3600 $1074-1274

SE Edmond Oklahoma Duplexes

Edmond Oklahoma Duplexes

Payment was figured at 4.625% interest rate with 20% down.

There will be a total of 20 duplexes in two locations. 8 lots are available to start right now.

SE Edmond has few rentals of newer homes and average home price is $450,000.

Two duplexes at 1574SF are getting $1600 in rent per side

Completed Edmond Duplexes

Getting In Touch

Please contact me at Joe@JoePryor.com or call/text to 405-590-2135 for any further information.

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