Buying Investment Property in DFW

[Carlos Davila]

Hey everyone! 

So I have some good news! I have started to build my team and now have a great agent and lender I am working with! They have been super awesome and helpful along the way. 

I have full confidence in my agent helping me find the right REI property that fits my budget and plan, however, it has been a struggle to actually find a decent property that have positive cash flow and c-o-c return. Has anyone else experienced this as well in the DFW market?

does anyone have any good recommendations for areas I should be narrowing my search down in? I am working with 60-90k as a downpayment, in a house at about 350k. I want the rent to at minimum coverage the PITI plus some but can't seem to find a solid lead yet.

Any suggestions would be greatly appreciated for this market.

-CD

[Terrance Teague]

Hi Carlos,

You're definitely not alone! Finding strong cash-flowing properties in the DFW market has become more challenging, especially with prices and interest rates where they are. A $60–90K down payment on a $350K property gives you some flexibility, but hitting solid cash flow  in today’s market often requires doing more homework and looking in specific submarkets.

Have you narrowed down the type of property you're targeting, single-family, duplex, etc.? Also, what areas have you already explored?

You might want to consider looking in parts of Fort Worth, Garland, Saginaw, or even some areas east like Greenville or north around Denton or Sherman and Denison. These tend to have more decent price-to-rent ratios, especially for long-term rentals.

Hope this helps some, and wishing you success as you keep searching!