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Multi-Family and Apartment Investing

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Michael Lam
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Best markets in Texas to invest in Multifamily Properties for Cashflow?

Michael Lam
Posted Jun 19 2023, 13:52

Hi Guys,

Whats the best City in Texas to invest in for investors looking to build a portfolio of multifamily properties with a focus on Cashflow?

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Jason Wray
  • Banker
  • Nationwide
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Jason Wray
  • Banker
  • Nationwide
Replied Jun 19 2023, 16:13

@Lucia Rushton

Lucia you want to help offer some advice.

Michael I would lean on Lucia she has helped my customers and is a great connection for TX.

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Jun 20 2023, 15:59

Cash flow can be found in many forms. You could subject to property in hot markets and create cash flow. Or you could inherently purchase cheap enough with cash flow in secondary and tertiary markets.

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Victoria Moreno
  • Realtor
  • San Antonio
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Victoria Moreno
  • Realtor
  • San Antonio
Replied Sep 19 2023, 13:44

San Antonio and surrounding areas, rent average is 1800-2000 at the moment and the demand is there.

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Bradley Jernigan
  • Investor
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Bradley Jernigan
  • Investor
Replied Sep 19 2023, 19:11
Quote from @Michael Lam:

Hi Guys,

Whats the best City in Texas to invest in for investors looking to build a portfolio of multifamily properties with a focus on Cashflow?

I currently own properties in Dallas, Tx and rents are growing rapidly within the city. Also Dallas has seen major construction projects throughout the past five years. This is a hot market I would definitely look into however, cash flow comes from how great the deal is. Definitely learn about how to calculate expenses, mortgage payments, NOI, and the total net income of a deal to see a projection of how much passive income you can make on a property.

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Ali Nichols
  • Investor
  • Miami
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Ali Nichols
  • Investor
  • Miami
Replied Sep 20 2023, 07:13

Following this thread for my own curiosity as well. What about Fort Worth, El Paso? 

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Bill Rapp
  • Real Estate Broker
  • Houston, TX
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Bill Rapp
  • Real Estate Broker
  • Houston, TX
Replied Sep 20 2023, 07:16

Texas Triangle would have the most opportunities in the larger Metros: Houston, Dallas/FW, Austin, and San Antonio. 

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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
Replied Sep 20 2023, 09:12

@Michael Lam let’s chat about your goals and current portfolio. I have a couple of deals based on your goals and budget that we could discuss.

  • Real Estate Agent

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Zachary Ware#1 Multi-Family and Apartment Investing Contributor
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Zachary Ware#1 Multi-Family and Apartment Investing Contributor
Replied Sep 20 2023, 11:35

There are a lot of opportunities in the Texas Triangle for investing long-term. Over the long term, I think you will see great appreciation in these cities but currently, it is hard to find cash-flowing properties. I think there are some great deals secondary/tertiary to these larger cities, for example, around Austin, you have Buda, Georgetown, Temple, Killeen, and New Braunfels will provide you with more immediate cash flow.  

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Stuart Chinworth
  • Realtor
  • Granbury, TX
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Stuart Chinworth
  • Realtor
  • Granbury, TX
Replied Sep 21 2023, 07:58
Quote from @Ali Nichols:

Following this thread for my own curiosity as well. What about Fort Worth, El Paso? 


 Can't speak about El Paso but there are pockets of Fort Worth where you can find cash flowing properties. I would also add that there's many areas just outside the FTW city limits that are very desirable for investing. As with any large metro area, there are investment opportunities for class A thru D properties. 

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Replied Sep 21 2023, 20:12

I am not as familiar with the other Texas metro's, but I can personally attest that the str market in San Antonio is very profitable.  They have done very well. We are always looking to add to our portfolio and will eventually look at other markets but for now we will stick to San Antonio and the surrounding market.  

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Replied Sep 22 2023, 18:48

Very simple.
Look around to see how many (%) Texas-Mexicans are there, or how many new Mexican-Americans will be there.
$$$$$$$

No 'Mexican' being part of the local economy = Don't invest there.
Very simple. It will be soon that way. All the way up to Anchorage.