1st Time Out of State Investor
Hi All,
I’m new to the Bigger Pockets community and excited to invest in my 1st out of state investment property!
I’m specifically looking at markets where I can generate a decent amount of cash flow (annual cash on cash return of 8-10%).
Currently looking in the TX/DFW area in cities like Princeton, Sherman etc. Open to exploring other States/Areas as well.
Has anyone purchased investment properties in the DFW area and received positive cash flow? My concerns are the high property taxes rates and a fairly competitive rental market due to supply.
Would appreciate any feedback the community could offer 😀 Thank you and wishing everyone a safe and relaxing long weekend!
Erich
Most Popular Reply
Hey @Erich Moy, if cash flow is what you're after, I'd genuinely take a look at Ohio before you lock anything in. I invest here in Columbus and the single-family side is still leasing fast with occupancy sitting above 95%, and our low entry prices plus modest taxes and cheap insurance keep the numbers pencilling a lot easier than most markets.
- Kerlous Tadres
- [email protected]
- (614) 490-1163
