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Updated over 9 years ago on . Most recent reply
![Melaines Gil's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/193000/1694702347-avatar-melaines.jpg?twic=v1/output=image/cover=128x128&v=2)
Long Distance investing in DFW
Hello,
As some of you might noticed from my previous posts, I am a New Yorker looking to move to and invest in DFW. I want to do real estate for the cash flow, and of course, appreciation is a bonus. I am a recent college graduate without an established career. Therefore, I gave myself 2 years before moving to DFW. This should give me enough time to gain experience in my career, and eventually find a good job in DFW when the time comes. However, I would like to start investing in SFH before moving there. But I'm not sure how to go about this. I have read numerous time here in BP that investing long distance is not a good idea. But in this case, I plan to invest long distance in the place I want to live and start my family. I have been researching the market in DFW, and I know is pretty hot right now, and it will be more expensive in 2 years. This is the main reason why I want to start investing now that I can still find affordable properties. I'm looking to pay no more than $150k for a SFH located in a B neighborhood. Since I am new to real estate investing, I would finance the home with a conventional bank loan, and use a private lender to get the 20% downpayment.
I am inexperienced and this might sound dumb for those with more experience than me. But I would really appreciate any advices, and if anyone think this is not doable, I would appreciate your honesty as well.
Thank you.
Most Popular Reply
![Joseph Gozlan's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/335000/1621445011-avatar-ebgtx.jpg?twic=v1/output=image/crop=2583x2583@0x73/cover=128x128&v=2)
there is nothing wrong with investing long distance. We usually recommend you don't do that as your FIRST investment. That's all.
Here are two very recent threads of another NY investor asking about DFW:
https://www.biggerpockets.com/forums/12/topics/229...
https://www.biggerpockets.com/forums/48/topics/228...
Good luck and congrats for taking the initiative at such a young age!