Investing in DFW

[Eduard Florea]

Hello

I am looking to invest in the DFW area. I am new to the area as well as new to investing in real estate aside from my own house. I have a very small budget 75-80 K. I am not looking to flip or any thing of that sort. I just want an income property that brings me about a 1000$ a month and is a solid long term investment. If the 1st deal works as planned I am looking to do a 2nd deal in the same range. You think such a plan can be achieved in the DFW area?

What advise would you give me?

Eduard

[Rocky V.]

I would suggest using leverage to purchase your rentals.  With 20% down you should be able to get traditional bank financing.  I would look into areas further north of Little Elm including Savannah and Prosper.  It is highly unlikely you will cash flow $1K/month with a purchase price of $80K.  Get that 1st rental under your belt and see if it's for you.