Long Distance investing in DFW

[Melaines Gil]

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.