All Forum Posts by: Larry Davis

A better investment approach from my point of view is to refinance the home or take out a heloc and reinvest in a rental property for moderate cashflow in residential Neighborhoods. Try the BRRRR method. Most investors would not do this proposed deal on many points but most would know that you would not buy the property back but you would move on to other profitable investments to turn over cash for higher investment potential properties. Which I wouldn't blame you for doing at all. Just my thoughts.....

Larry

0 Votes

Austin, Texas

Quote from @Bruce Lynn:

Smaller cities, lots of old housing stock that can sometime be cheap and needs work. Probably 2 dozen or more real demand drivers like factories and casinos and hospitals. Growth moving north. So many housing project started that will require thousands of construction workers. Better rent vs price ratios than many other cities, maybe almost ever other city around. Population growth.

If you want to be in at $100K, very few cities you can do that in that have a great combination of job growth, population growth, wage growth. Too many of the cities named by others are no growth cities. That's not where you want to be.

Of course in all the cities named, very tough to find $100K houses any more, so you may just have to be city agnostic and focus more on prices.

Hi Bruce and thanks for your response. I am assuming you have in mind coppell Texas As one of those smaller cities or did you have others in mind?

0 Votes

Dallas, Texas

Quote from @Bruce Lynn:

Quote from @Larry Davis:

Where would a smart investor go in Texas to invest in rental properties for overall best cash flow? Buying fixers for cash/fix/rent.

Larry

Sherman/Denison

Thanks Bruce for your direct answer. But why? Out of all the other cities.

0 Votes

Dallas, Texas

Quote from @Lisa Choi:

Great question, Larry. For strong cash flow in Texas, many investors look at markets with lower home prices relative to rent potential. Here are a few areas to consider:

San Antonio – One of the more affordable major cities with steady rental demand. Certain pockets, like the south and west sides, offer good deals on fixers.
Fort Worth – Compared to Dallas, Fort Worth tends to have better cash flow potential with strong rental demand. Look at older neighborhoods where values haven't skyrocketed yet.
Beaumont – Lower entry prices and a solid rental market make this a strong cash flow play, though be mindful of flood zones.
Killeen – Home to Fort Cavazos (formerly Fort Hood), this military town has consistent rental demand and affordable properties.
Corpus Christi – Coastal markets can be hit or miss, but certain areas offer good cash flow, especially with short-term rental potential.
Smaller towns around Houston – Places like Pasadena, Baytown, and Texas City offer cheaper properties with solid rental markets.

The key is finding fixers in neighborhoods where rehab costs align with after-repair values and rental rates support your investment goals. Are you targeting any specific price ranges or property types?

Something around 100k or lower. cash. fix and rent. Residential areas up and coming bc of IT business growth in that city. In other words, big job tech firms are coming in like Abilene or little elm, or any other city where there is a large business growth potential. Interested in purchasing 5 to 10 homes for starters.

0 Votes

Dallas, Texas

Hi Diego. Your answer was a more honest answer than other responses i've gotten. Not including this post because most were pretty goodl. But thats exactly what i anticipated with out of state investing. Problems. Unless you already have a tried and tested team which takes time to build.

Thanks for your response. What are your thoughts about Fort Worth investing in rental cash flow. Is it up and coming, flat or over plaid? Then you have Abilene with all the Tech Data centers going up. [Possible gold mine or fools gold? Your thoughts.....

0 Votes

Dallas, Texas

Quote from @Gonzalo Vodopivec:

Quote from @Diego A.:

Quote from @Larry Davis:

Thanks Yann for your response. Just curious.

Why Dallas?

Your post was in Dallas location so I thought it will be there.

There are many cities outside the metroplexes that will give you cash flow.

Paris, Tyler, Wichita Falls and San Antonio are some that can find a good cash flow and appreciation.

Of course you have to analyze case by case and it could be many others.

Every answer will depend of the experience that everyone has in those cities.

OP may or may not understand the weight of managing properties via 3rd party vs self-managing, that adds cost and noise between the tenant-landlord relationship. The further away, the more costly everything becomes despite the paper cashflow.

0 Votes

Dallas, Texas

Lisa the address is 2204 Edgefield st

Killeen Texas 76549. Great price bought some years ago in a great area and I know will be hard to find now. If it’s a fixer,probate or foreclosure, maybe 150 ish now if it pops up. Lmk yr thoughts, I know nothing about this area. I also saw a few under 100k as well in 76541. What’s that area like as far as rental income in your opinion compared to 76549 zip.

Larry

0 Votes

Dallas, Texas

Hi Lisa. Here’s an example of what I’m looking for which is a combination of equity n cash flow in one package. Not too familiar with the area though. It looks a little remote but not sure if rental demand is high in that area. Lmk what you think.

I’ll get back with you with the exact address in a few.

Larry

0 Votes

Dallas, Texas

Quote from @Larry Davis:

Thank you Lisa for that quick insightful update. I will look into these areas more thoroughly. I’m looking for cheap rental homes (3bdrm 2bath) from 50-150k that have rent potential of 900 bucks a month or more after rehab. Which of those areas mentioned would you think would be a safer bet for this approach? Looking to purchase anywhere from 5-10 homes.

Larry

0 Votes

Dallas, Texas

Larry

0 Votes

Dallas, Texas

All Forum Posts by: Larry Davis

Larry Davis has started 2 posts and replied 24 times.

Post: Finding an investor

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow

Post: Best place in Texas for rental cash flow