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Updated almost 5 years ago on . Most recent reply

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219
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99
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Tyler D.
99
Votes |
219
Posts

Deciding on a city/ neighborhood for OOS investor

Tyler D.
Posted

I'm investing in Texas from out of state because I believe that you have a huge amount of growth coming in the future. My focus is on areas with a lot of business and people moving in, that can still cashflow.

I've considered Dallas, Houston, San Antonio and Austin each for various reasons, and I'm finding it hard to decide on just one city, let alone a neighborhood.

To the other OOS investors and local Texans, how do you decide where to invest?

Most Popular Reply

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248
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240
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Rob Lee
  • Real Estate Broker
  • Dallas, TX
240
Votes |
248
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Rob Lee
  • Real Estate Broker
  • Dallas, TX
Replied

DFW has a diverse economy, a strong job market and good schools in the suburbs. Not to mention two airports for business and personal travel. These are just a few of the reasons we moved to the area and why we stay. My wife and I have been investors since 2013. Our property values have increased significantly over the last 6 years. The attached is an example of numbers I ran for a client interested in house hacking. The client plans to live in the house for a year. Let me know if I can be of assistance. Note: The down payment reflects the 3.5% minimum requirement.

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