Is Dallas really the best city right now???

[Patrick Hermans]

I've been working with a lot of investors who were buying multifamilies for cashflow around the country. Memphis, Houston, Chattanooga, Tampa, Jacksonville, and Indianapolis have all been targeted, but the agents in Dallas seem to be the only ones who can find quality cash flowing properties. Is this because I just happen to know good agents in Dallas or is the market there just that much better than other cities? 

[Ryan Blake]

@Patrick Hermans It is very, VERY hard to find cash flowing multi-families in Dallas and even harder to find cash flowing SFR outside of D neighborhoods. It got picked over from 2010 to 2015 and has been rough since. It didn't help that large companies are moving their HQs to the area (i.e. Toyota, AT&T, etc.). I think the Midwest is in a better position unless you already have some rentals in Dallas and want to keep them concentrated.