Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
McKinney, Texas - A good area for first rental property?
We recently moved to North Dallas area and are looking to buy our first house, which I later want to convert to a rental property. Initially, I was looking at Frisco and Plano areas but not able to find any property in my budget (~250K) that satisfies the 1% rent rule.
From what I gather McKinney, Prosper and Allen are up and coming places. Would these areas, specifically McKinney a good area to start our first investment property? Thanks for your inputs.