I am doing my research to start invest in DFW area, with rental properties and would like to receive some recommendation on where exactly will be the best place to start (max ARV 120K)
my aim is to scale it up towards approximately 10 single houses a year
@Doron Mizrahi For your price point you are going to need to look at 2/1 properties probably under 1,000 sq ft. On the Tarrant County side look to White Settlement and the Stop 6 area of Fort Worth. In Dallas county look for properties out on Military Parkway and Buckner on the Southeast side or South Dallas/South Oak Cliff area.
Warning, these are all neighborhoods that are high in crime and tenant turnover. Know you will have a higher chance of late payments, squatters, and damage to property. All that being said, you can make a decent return in these areas.
$120,000 is tough in DFW area. A couple of places you might look are Haltom City and River Oaks in Ft. Worth.
You might also try to draw a circle around DFW and look on the outskirts in the smaller towns. Maybe someplace like MaBank, Gainesville, Wichita Falls, Abilene, Waco. Whitney.
My son will be 21 by next summer and is thinking of moving to Austin TX. We live in Cleveland OH now. What's the real estate investing market like there? I have rentals and do private money lending here in Ohio. Looking to find someone to network with and learn more. I'm near retirement and open to living in TX, too. Would like to have an idea of what my portfolio can do there and what areas are solid, stable returns. Starting now to have time to develop relationships. My son will have his own LLC by then and I'm aiming to help him pick up some properties for income / cash flow, too.
@Kim Martorana DFW and Austin really just depend on your price point and area. I am in Lubbock so I am partial but we really do have a great market here. Austin is booming and you may be able to find some deals but it is a very very fast moving market.