Where should I invest next?!

Question

Hi all, my first post! I'm a semi-experienced investor and a new member of BiggerPockets. Excited to be here and learn from you all. I'm an investor turned agent and have invested primarily in the greater Boston area (3 condos and a multifamily) and am involved in a large syndicate down in Houston also. Looking to invest more in Texas - thinking small multifamily in the Dallas area especially. Any other areas I should consider, specifically for small multifamilies?

Andrew Bang · Answer

Out of the 4 main cities in Texas,  (Houston, DFW, San Antonio, and Austin)   I think San Antonio and Houston are best for rentals, especially cash flow.   Just a lower price point on houses with decent rents.   If you are going more for appreciation, DFW is good, but I see San Antonio and Houston appreciating at a similar rate.

Joel Allen · Answer

@Saad Munir

Texas is a great state with several great areas to invest.  If you decide to invest in San Antonio, I’d recommend connecting with @Hamp Lee III.

He’s a real estate agent in San Antonio who is active here on BP.  And he’s also a real estate investor himself.

Jordan Moorhead · Answer

I like San Antonio for small multifamily

Saad Munir · Answer

@Hamp Lee III and @Nick Premer thank you both for the messages. Happy to connect with you both, although in full transparency I'm strongly leaning towards Dallas for the reasons i mentioned above. Feel free to send me a message and we can set up a time.

Hamp Lee III · Answer

@Joel Allen

Thanks for the shout-out!

@Saad Munir Let's connect in the next couple of days and discuss options for San Antonio. In this market, you can find a 4plex where the numbers work.

I look forward to speaking with you.

Bruce Lynn · Answer

In the DFW area I would be looking at the cities surrounding the big circle around the main big cities.  One place I really like right now is Sherman/Denison area and if you can find the right property anywhere between McKinney and Sherman.   Trick is we don't have a lot of small multi.  Some 4plex, but not many....more duplexes it seems.   10 cranes up at the new TI chip factory today.

Nick Premer · Answer

Hey Saad would love to connect and give you my input on the Dallas market. I am investor and agent in the area and have connections with property managers, contractors, and lenders.

Christen G. · Answer

Welcome! Come out to the PNW and let's find something to do together.

Saad Munir · Answer

Yeah I'd definitely be looking for 3 or 4plexes to make it worth my while. Super helpful, thanks guys!

Anyone reading, if you have other cities around the nation worth looking at as well, let me know. Not totally tied down to Texas, but very much intrigued by it if I can get the numbers to work.

Saad Munir · Answer

Thanks Andrew, yes definitely looking for a combo of appreciation and cash flow. Also just so happens that my brother lives North of Dallas so that was one of the appeals of the area as well in case I need his help with anything and I can hit two birds with one stone when I visit. Houston I've already invested in so I'll definitely look into San Antonio as well. Appreciate the input.

Where should I invest next?!

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