Dallas or Orlando? Which one?

Question

I am looking into both of these markets and I like both. I cannot decide which one would be better to start off at for my first couple of rental properties. I have some more research to do on each of them but it would be greatly appreciated if you can help me make my choice. Thanks!

Bruce Lynn · Answer

Depends on how you like your mosquitos....BBQd in Texas, deep fried in Florida with a side of gator.   I say look at the numbers, don't just look at returns too, take a look at the economic numbers and see where you think the growth will be.  I think both markets are on fire right now....super hot.   Of course we would love you to come to/invest in Texas.

Clay Lehman · Answer

While not one of the locations you listed, I would suggest you look at some of the smaller markets in Central Florida.  I live in Marion County Florida, Ocala specifically.  You can buy homes for between $130,000 and 170,000 and rent them for $1,300 - $1,600 all day.  Much better cap rates than you will see in the areas you mentioned.

Alberto Nikodimov · Answer

@Nicholas BarberaThe key is to find a location you feel comfortable with and where you can build a great team! Do you have any previous experience in any of the two cities? If you already have some connections in any of the two cities that may help. When you are out of state investor the most important part is having a team you can count on! There are some great deals in both markets and both cities are growing with decent potential for appreciation. My advice will be try to find a reputable company similar to ours where you can plug in and join an amazing team that has already been build. We have gone through many vendors and narrowed it down to the best. This saves you so much time as an investor. You don't need to look for the best and most reliable contractors, inspectors, title companies etc. You will have the opportunity to take advantage of the network we have already created. Our business was created and developed to specifically serve out of state investors in the best way possible and maximize their investments in Orlando (Central Florida). To sum it up: - Do your research- Decide where you feel more comfortable- Build your team and find the best property management company in the area which is serving out of state investors- Utilize your team when analyzing your next investment- Go for it and as long as you have the right people on your side you will do great!Good luck!

Josue Molinari · Answer

@Nicholas Barbera yes as clay said, the ocala market is very hot right now with properties hitting the 1% rule and then some. I am a realtor here and will be glad to help you out. Reach out to me

Matt Hall · Answer

@Nicholas Barbera Orlando!

Bill P. · Answer

@Nicholas Barbera my vote is Orlando & the I-4 corridor

Joe Villeneuve · Answer

Where in Orlando and/or Dallas?

What are the numbers...with $ signs in front, not % signs behind?

Nicholas Barbera · Answer

@Josue Molinari Thanks for the advice!

Nicholas Barbera · Answer

@Clay Lehman Thanks for the advice!

Nicholas Barbera · Answer

@Bruce Lynn Thanks for the advice!

Dallas or Orlando? Which one?

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