Possibly looking for new buy and hold market
Hello Everyone,
I hope you are all finding success. I now have a few SFR long term rentals in south Dallas. I have them on 15 year loans, positive cash flow on each one (not much but I am in it for retirement income), so I am loving my current strategy of keeping them forever.
I initially paid $88k, and the last one $117k, at this price increase it will tough to get to my goal of 10 houses.
As much as I don’t want to I am considering another market.
My perfect property is $60-$90k, with 20% down, rent covers mortgage, tax, insurance, and 10% prop mgt, with a minimum rent of $1,000. B- or better property/neighborhood.
With that said, any other markets you local experts could recommend that meet my criteria?
Thank you in advance.