Greenville, TX - Buy and Hold, Appreciation.

9 Replies

Hello,

New out of state investor, looking for Buy and Hold, in North Dallas areas.

Understood that its priced high in Princeton/McKinney/Anna surrounding areas, was wondering if i can expand my search creteria to Greenville, TX or Sherman, TX ? Taxes are low as well.

Thank you.

I've grown up around Greenville and my dad has over 100 rentals in the area.  As is everywhere the market is hot and getting fairly competitive, but there's still deals to be made if you're diligent. I'm interested to hear what others think about Sherman. 

Originally posted by @Kathleen Heine :

I've grown up around Greenville and my dad has over 100 rentals in the area.  As is everywhere the market is hot and getting fairly competitive, but there's still deals to be made if you're diligent. I'm interested to hear what others think about Sherman. 

 Thank you for your Input, will keep my option open.

No problem! I think it depends on what you're looking for as well. I wouldn't think right now is the best time to buy for appreciation. We've seen several flips in the area and those investors seem to be able to pay a little more than buy and hold investors because the cashflow and return isn't there, but it all depends on what you're looking for and what you want your numbers to be. Local buy and hold investors are sitting back and waiting for the most part right now. 

@Shital Thakkar Do you manage properties yourself?

since i'm out of state, i was looking a Property manager in Princeton and found one, and they dont seem to be as active as me, and im not comfortable. its only one month since, but was wondering typically how are they and do you have any recommendations ? thanks