Investing in Dallas From the San Francisco Bay Area

[Hai G.]

Any out of state investors investing in Dallas, TX? I just started my out of state investing journey from the Bay Area and would love to connect with fellow investors both remote and local. Would love to get your thoughts on your experience so far and where you're headed. 

Thanks!

Hai

[Bruce Lynn]

I laugh when people say we pay high property taxes....yes it is 2-3% of the value vs what 1% in CA, but our values for the same house are still probably 1/4 to 1/3...so it ends up being about the same, for the same type/age/style of house.  Rents here are about double what I see in CA for the same investment.  You might get $1500/month on a $185,000 here, where the same rent might cost you $450,000 in CA.   That's what I have seen.

As someone above mentioned you may not want to invest in the City of Dallas, but just like many big cities in CA there are smaller cities around the Metroplex that might be attractive for you.

Rumor today is Honda is now looking to put their North American HDQ in DFW area...so just one more big company with great pay moving here....probably 2-3 more major moves like this will be announced this year.