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Updated over 5 years ago on . Most recent reply

Dharshana Ratnayake's profile image
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Dharshana Ratnayake
  • from Los Angeles
  • Member since Jul 13, 2019
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Dharshana Ratnayake
  • from Los Angeles
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  • Los Angeles
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Texas Real Estate Q&A Discussion Forum

Investing on rental properties in Midland/Odessa TX

Dharshana Ratnayake
  • Los Angeles
Posted

I am looking to invest in rental properties in Midland /Odessa area. Cash flow is pretty good at least on paper. 1% rule can be met in Midland area compared to DFW area where the market is extremely hot. Does anyone in the community have experience in investing in rental in Midland area? Any advice for new investor trying to make a start in the area.

Anything will be helpful. Thank you.

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Neil Narayan's profile image
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Neil Narayan
  • Real Estate Broker
  • from Austin, TX
  • Member since Jun 16, 2015
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Neil Narayan
  • Real Estate Broker
  • from Austin, TX
  • Member since Jun 16, 2015
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Neil Narayan
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  • Austin, TX
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Neil Narayan
  • Real Estate Broker
  • Austin, TX
Replied

Just FYI, Midland/Odessa is an oil town so it will follow the boom and bust of oil prices. I would factor that in if I were planning a long term buy and hold.

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