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Updated about 3 years ago on . Most recent reply

REI in Whichita Falls, TX
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

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.