All Forum Posts by: Vivek Srinivas

@Steven Spencer - Thank you for the detailed info about OKC Steven. I will definitely keep you in mind if I end up picking OK.

@Min Zhang - Thanks Min. I totally agree that neighborhood plays an important role as well and not just the property itself. Appreciate the tips.

@Michael Smythe - That was very thorough, informational and relevant tips. Thank you so much for sharing.Will definitely consider this advice while vetting the locations.

@Jared Smith, thank you so much for the response and pleasure meeting you as well. I am not really worried about cash flow initially, as long as yearly property tax hikes wont put a dent in my reserves. Being a prior home owner in TX, my taxes went up from 6k to 13k in 9 years on a SFH. So I wonder how I cover that being a landlord without losing clients by passing onto them. Or should I? Will that be a concern? I would like to target Denton, TX since that's an area with job growth and rental potential.

Long term goal is definitely financial independence by scaling up. Just haven't quite figured out a location yet that has decent appreciation but not really high taxes like in TX. Any tips or insights about other locations will be greatly appreciated.

Hi BP community,

I’m new to real estate  investment and looking to purchase my first rental property. While I live in Maryland, I’m open to investing out of state if it makes more sense financially.

I used to live in Dallas,Texas  prior moving to MD, hence I am familiar with the DFW area and have a local realtor there as well. Though I have considered TX for investing, the high property taxes give me pause. I’d like to find a market that strikes a balance between cash flow and long-term stability, and I plan to work with a local property manager since I won’t be self-managing.

Here’s what I’m looking for:

• Budget: Up to $350K
• Strategy: Buy-and-hold rental, preferably turnkey or close to it
• Goals: Solid cash flow and equity growth potential
• Requirements: Landlord-friendly laws, low to moderate property taxes, growing or stable job market

I’d love recommendations from experienced investors about:

• Cities or neighborhoods you’ve had success in
• Tips for vetting property managers remotely
• Things you wish you knew before buying out of state

Thanks in advance for your guidance. Excited to learn from this community and looking forward to interact with other investors here!