Out of state investing in Dallas Tx

[Ron Smith]

I am trying to buy a SFH in Dallas area and I am told that Frisco,Allen,Plano areas are hot and good for appreciation given all the new companies moving in and what not. I am also told that the housing market there was really hot for the last few years but it has cooled down a bit.

I am trying to fly there to check out some of the above mentioned areas and also will look at Valley Ranch, Keller and Fortworth area in general.

I am looking for a Buy and Hold property around 250k which can cashflow. Is this a good time and a place to buy in the above areas? Any help is highly appreciated. I will  have a property manager in place so the rent should offset this cost as well.

[Victor Ayala]

Here's my $0.02 on that. "Frisco, Allen, Plano & Valley Ranch" are too expensive and taxes are too high to make the numbers work. Especially if you're looking for "turn-key" deals. Otherwise, you have look and find an off-market, deeply discounted deal that needs repairs in order to make it work. I agree that appreciation is "potentially" there because the area is exploding with growth. 

The ONLY place that I can say the 1% rule on a turn key investment in the DFW area is attainable is in a new development (new construction homes) being built in the cities of Forney & Heartland TX. 30-40 mins away from Downtown Dallas. Let me know if you would like more information.  

I would also be more than happy to show you around when you come to town. Just send me a message so we can exchange contact info.