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Updated almost 7 years ago on . Most recent reply

John Wargo's profile image
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John Wargo
  • Member since Dec 24, 2018

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John Wargo's profile image
John Wargo's profile image
John Wargo
  • Member since Dec 24, 2018
John Wargo
1
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Dallas Real Estate Forum

First investment property help

John Wargo
Posted

Hey everyone, I just moved to forney (east of dallas) I am looking to invest in my first rental property. Any advice would be great. Also is it bad to invest in a bad area? Thanks for any advice I don’t really know much about it. 

Dallas, Texas
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Neil Aggarwal's profile image
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Neil Aggarwal
  • Lender
  • from Richardson, TX
  • Member since Mar 11, 2014

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Neil Aggarwal's profile image
Neil Aggarwal's profile image
Neil Aggarwal
  • Lender
  • from Richardson, TX
  • Member since Mar 11, 2014
Neil Aggarwal
  • Lender
  • Richardson, TX
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Neil Aggarwal
  • Lender
  • Richardson, TX
Replied

I think you should look for a property close to your house as your first rental.  The market is high right now, but it is coming down. If you can't find a good deal, wait until you do.

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