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Updated about 3 years ago on . Most recent reply

User Stats

61
Posts
37
Votes
Mario Cuartas
  • Investor
  • Saratoga Springs, UT
37
Votes |
61
Posts

REI in Whichita Falls, TX

Mario Cuartas
  • Investor
  • Saratoga Springs, UT
Posted

Hello Everyone, I am looking to invest in Whichita Falls, Texas. I am looking to connect with anyone that has experience investing in this city. Looking for guidance on the following: 

- Areas to avoid? 

- Community considerations? (Utilities, tenant turn over, crime, etc.)

- Recommended lenders? 

- Recommended Property Managers? 

- Recommended Contractors? 

I would appreciate any guidance anyone is able to provide.

- Mario Cuartas


Most Popular Reply

User Stats

61
Posts
37
Votes
Mario Cuartas
  • Investor
  • Saratoga Springs, UT
37
Votes |
61
Posts
Mario Cuartas
  • Investor
  • Saratoga Springs, UT
Replied

@Andy Webb & @Kyle Mccaw

I currently live in Salt Lake City, Ut. We have seen incredible growth in value. Property prices are super high at the moment. It is difficult to find a duplex for under $500k. The rents are no where near as high, for a duplex at that price point each side would rent for around $1100 each. It is very difficult to Cashflow and the upfront cost to get started is significantly higher. I look out of state to grow my portfolio. In the Major Texas markets, prices are getting quiet high also. In my research, I have come to like Wichita Falls because it is a smaller Texas market, I like the appeal of the Air Force Base and the type of tenants it provides, has low unemployment, and I have seen several great deals at a price point I can afford with positive cashflow. I also travel to Texas for work regularly and Wichita Falls is in close proximity to various places I visit regularly. 

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