Purchasing long-term rental in Texas

[Jenny Zhang]

Hello,

I am trying to purchase out of state investment property, might be Dallas area, can anyone tell me where I should invest for long-term rental real estate? thank you very much! Best, Jenny

[AJ Exner]

Hey Jenny,

Dallas, and TX as a whole is a unique area when it comes to LTRs. Specifically, the property taxes can make things kind of tricky when it comes to the overall cash flow. 

You need to look in areas where you can charge a good amount in rent, but where the property values haven't sky rocketed. It is a little more difficult in and around Dallas and I would recommend spending more time analyzing the finances on it before you jump into a deal, but it is very doable.

Good luck!