Updated over 4 years ago on . Most recent reply
Need advice for first buy DFW SFH
Hello everyone,
Been wanting to buy for a few years, and feel like waiting longer just won't help me. This would be my first property. We'd live in it for a year or two, and then either move into a new property or out of state, just renting out the Dallas house.
Obviously with the current market, it's getting tough to get something that would even hit the 1% rule.
I work out of the DFW airport, so I'm really focusing on N. DFW (From Roanoke to McKinney and everything in between). $300k-350k cash offer. Any suggestions as to what to look for and how to maximize ROI would be greatly appreciated. FYI, the buy would happen within the next week or two. Just wanting to make sure I'm not missing anything.
Most Popular Reply
@Manutea Maurin. With cash your net CF should be greater. But DFW is no longer a 1% town, especially in your first year. And it has not been for 5-6 years.
As you will be doing this within the next week , do you already have the house under contract ?
Those areas you mentioned are strong areas within DFW.