What should we do?

[Jordan McDonald]

What are people doing for real estate in this 2024 market?! 

My husband and I are 28 and have two good jobs. We have been able to set aside some cash/savings over the past few years of marriage and are ready to invest in real estate. We would like to get started with our first rent home, but with the market in Dallas-Fort Worth, Texas I am having trouble finding good margins. The combination of the market and the current interest rates are making us hesitant, but at the same time we are eager/excited to get ready, and feel we have the cash to do so... Our goal in investing is long term benefits (we would like to plan for retirement and helping our kids get started as adults), also plan to gain passive income, maybe gain one property every other year or so. 

Would love to hear insight and advice!! 

Currently we are looking at the DFW market because it is what we are familiar with. Choosing location out of town has its own obstacles I fear. 

Thanks, 

Jordan

[Kyle Mccaw]

@Jordan McDonald I'm based in Dallas Fort Worth. There are properties that make great investments. You just can't expect to buy today what you could have bought a few years ago. I recently purchased a single family rental in Haltom City that cash flow enough to justify the purchase. Remember with every rental purchased you are planting seeds for a tree that will mature to provide fruit forever.