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Rory Butler
  • Lynnwood, WA
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How would you rank San Antonio, Austin or in between for rentals?

Rory Butler
  • Lynnwood, WA
Posted Apr 19 2018, 16:35

We're moving to Texas! We have a couple of properties in high-priced Seattle that we are cashing out to reinvest in Texas. We'll be home shopping for ourselves in Canyon Lake, and will be looking to invest about $600-700k additional cash in rental properties. Our goal is to maximize long term cash flow. We're trying to team up with a local realtor/management company to make the whole process work.  We've spoken with a few and there are 1 or 2 that we like, and can see working with long term. The problem is that each one only covers a certain area, whether it be high priced Austin, low rent San Antonio, or in between (San Marcos, New Braunfels). So if we pick a company we'll also be picking a location. This isn't really something we want to do piecemeal either because of 1031 concerns. Considering our budget and goals, which of these areas do you think offers the best balance of investment factors such as taxes, home prices, demographics, and economy? Where would you invest $600-700k in order to NET the highest monthly return? This forum is the best place that I could think of to get unbiased and expert opinions. Thanks so much!

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