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Keith Chan
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Dallas Market Locations / Strategies

Keith Chan
Posted Feb 8 2019, 12:51

Hey guys, I'm back with my second post!  

I've been monitoring the Dallas area for the last few weeks now (anything south of 635, Irving is as far West as I've searched, White Rock Lake is as far East as I've searched, Oakcliff is as far South as I've searched). I'm a new investor looking for rental properties in the $75K-$100K range for a condo and up to $200k for a SFH. My price range for condos are a lot lower because of the crazy HOA fees that I regularly see in the Dallas area. With the criteria above, I'm finding it hard to track down any good investment properties that'll cash flow; when I run the numbers, most of the ROI is coming from appreciation / loan paydown.

Does anyone have any advice on what other locations I should look at for properties that'll have positive cash flow and fit a ~$200K budget? What are some hot spots in the Dallas market to start monitoring? Since this is my first property, I'd prefer to buy a smaller property (~$100k-$125k range) to get my feet wet and learn before making a bigger purchase. 

Any advice is welcome. Thanks!

Keith

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