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Updated over 1 year ago,

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7
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4
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Looking to buy my first rental property! please help me think clearly.

Posted

Some background:

- I bought my primary residence in Frisco, TX in 2019 and then I moved to CA last year and rented out this property. So now I live in CA and manage my rental remotely.

My goal:

- I have 120K cash that I want to invest in real estate in DFW and looking for a good return in 5/10 years. I don't want to commit to add more money to the property on monthly basis that's why I am looking a positive (or a break even) cash flow. 

- I am looking into invest into a property that doesn't require much repair/rehab before renting it out and Ideally looking to buy in a neghbiourhood with good schools and commutable to Dallas downtown.


The Problem:

I primarily looked properties in Frisco/McKinney/Celina/Anna/Mellisa/Princeton areas and so far based on my research, I couldn't find any property that matches with my criteria that can also generate positive cash flow with 20% of down payment. Is my expectation to find positive cash flow in Dallas area in today's market is unrealistic? if no, please help me what I am doing wrong and where/how to look?

Thank you!

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