OKC couple explains how investing in real estate can change

David and Thao Nguyen,  local real estate investors in Oklahoma City.

Buying houses as an investment is changing Thao and David Nguyen’s lives and the lives of those around them.

In just under five years of serious investing, they’ve acquired more than 50 single-family homes, mostly in Oklahoma City, plus duplexes, other small multifamily properties, and mobile home parks — a total of about 180 “doors,” as investors put it.

“David was working as a chemist at Tinker AFB, for 17 years, and I have been working as a pharmacist at Walgreens, for 12 years,” Thao said in an email interview. “Before 2018, we bought a few rental properties just by chance.”

Related: Investors are rocking OKC’s housing market, beating out regular buyers

Before long, they could afford to go into investing full time. David, 43, quit his job in 2019, and Thao, 39, quit hers at the end of last year.

Thao and David Nguyen are local real estate investors in Oklahoma City.

“In 2018, after attending some seminars, reading some books and meeting some successful real estate investors, our mindset has changed and we have learned that real estate investing is the most predictable way to reach our financial freedom, live the lifestyle we desire and build our generation wealth and legacy.”

The Nguyens got into property investing the right way, said Angelena Harris, president of MLSOK Inc., the Multiple Listing Service of the Oklahoma City Metro Association of Realtors.

It starts with making connections, said Harris, who is co-founder and managing broker of Spearhead Realty.

“There are many things to consider when looking for a potential investment property, and the best way to learn the ins and outs is to meet with people who are successfully buying properties,” Harris said.

Angelena Harris, president of the board of MLSOK Inc., the Multiple Listing Service of the Oklahoma City Metro Association of Realtors.

Groups meet weekly and monthly to share advice, she said, and “you can even hire a coach to help teach you how to navigate the market.”

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The Nguyens are into it for income, as well as value-added appreciation, meaning they buy some homes, make improvements and sell them, using numerous limited liability companies.