Investment property north of I-380

[Rahul Kadakia]

Hello everyone,

I am an out of state investor and so far I have bought 2 investment properties in Frisco (~$350K range). My plan is to buy and hold for the long term (10+ years). I am now thinking that I should buy lower priced properties in the outer areas because I am assuming that those properties will appreciate faster than something more central - Frisco/Plano/Mckinney.
Is that assumption right? Do cheaper properties ($275K range) in the outer areas appreciate more than more central areas?

I am looking for areas that are expected to grow in the mid to long term - ideally have a major employer, have upcoming infrastructure projects (e.g., a new rail line or major park), etc. How can I find out more about upcoming infrastructure projects in North Dallas

Which of the following towns would you recommend I buy my next property - do let me know your rationale: 
Anna, Van Alstyne, Howe, Sherman, Denison, Gunter, Pilot Point, Tioga, Collinsville, Whitesboro, Sanger, Valley View, Gainsville.
Also, would you prefer Wylie, Lavon instead of towns north of I-380?

Thank you very much for your help

[Bruce Lynn]

I would agree.....I would look at Aubrey, Celina, Melissa, Anna, Van Alstyne, Sherman.

Maybe Denton, Krum, Sanger, Gainesville, Denison, Wolfe City, Leonard, Blue Ridge and the other cities you mention.

Wylie is tough these days I think....when you look at rent vs prices.  Nice city though.