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Updated about 3 years ago on . Most recent reply

User Stats

18
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21
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Sean McGrady
  • Real Estate Agent
  • Frederick, MD
21
Votes |
18
Posts

New Investor looking in Dallas

Sean McGrady
  • Real Estate Agent
  • Frederick, MD
Posted

Hey guys, I am currently looking to start investing after I graduate college. Until then I am currently just saving money and trying to learn as much as I can. The plan is to move out to Texas sooner than later post grad. Right now I am looking into Dallas area. Is there any top 10 neighborhoods that I should constantly keep an eye on? I would love to buy a duplex/SF with an FHA loan to HH it. Any recommendations on some great neighborhoods? Not super particular about a certain area due to me not being super familiar with Dallas, so anything works. Appreciate the help in advance!

Most Popular Reply

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824
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795
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Joe Funari
  • Real Estate Agent
  • Keller, TX
795
Votes |
824
Posts
Joe Funari
  • Real Estate Agent
  • Keller, TX
Replied

@Sean McGrady I would strongly recommend you save up the money so you can put 20% down payment on a conventional loan towards a SFR here in the Dallas/Ft. Worth area. I have been working with clients for years trying to purchase a multifamily property to house hack and have no success because they are getting out bid by more seasoned cash investors. its also due to an extreme lack of inventory right now. But recommend you reach out to @Andrew Postell to discuss financing options. He is a fellow investor and has helped many of my clients that are in the same situation your in. Its worth reaching out to him to discuss options since you have a plan to eventually move to Texas. Hope this helps. 

  • Joe Funari

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