Dallas real estate investing
Hello BP community. I am small time investor currently in the New Jersey/New York area. My wife and I are thinking about moving to the Dallas area for lower cost of living and slower pace of life. While there I would like to continue investing in properties. My goal is to buy an 8 unit or more apartment building in a decent area (I would like to avoid low income). I am looking for approximate numbers here: What can I expect to pay for a mid sized apartment complex of about 8 to 10 units? 2M or less? How much in rent can I expect to get for a 2 bed or 1 bed? (if you have areas I should look into with approx rents please let me know).
I hear that the dallas area is over saturated with investors but I assume i should still be able to find good deals. Please let me know.
I am looking for contacts to help me along the way, including realtors, lenders, etc. Hope to hear from you soon.