Have been thinking of buying a rental home in texas and wondering if folks have suggestion on how to choose a city between Pfungerville, Round rock, Leander, Cedar park and Georgetown.
any pro tips to take care while selecting one area over other.
I base it on location, price and then what kind of tenants your would ideally like to help narrow down the search
If you are interested in lower property prices maybe consider South Texas. The Mission/McAllen/Edinburg area has many multi-family homes available. The area is growing and just recently Elon musk noted he was going to need engineers and other professionals to join his team down there. He also said he was going to invest 20m to Cameron county schools and 10 million to Brownsville down town revitalization. The valley had a lot of potential! I recently referred a client to my industry partner down there and my client closed on his 4plex & is satisfied!
On a separate note I agree with what Neil said 110%! I think it all depend on your goals and risk tolerance/management.
All super hot markets. I submitted like 10 bids for round rock. No luck lol.
I have a solid Pm and investment minded realtor if you need someone in those markets. Just be prepared for multiple offers and open to waiting contingencies.