Newbie out of state investor - DFW or DEN

[Siddharth Mankikar]

Hello everyone, 

I am a newbie investor based in the SF Bay Area and my wife and I are looking to buy a SFR home in either North Texas or Denver as a rental investment in the next 1-3 months. Our budget is around $400,000 and the goal is to have rental occupancy. Having graduated from and lived in the DFW area for over 5 years, I am quite familiar with the suburbs there. But the lure of the mountains and a growing influx of tech workers from the bay area makes Denver attractive as well. Also, short to mid-term impact of Covid-19 (due to new possibilities of remote work) is also on our minds. Of course Denver may be a bit pricier as well.

Considering our main goal of renter occupancy, is one market better than the other?