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Updated almost 4 years ago,
Texas! Pros/Cons & Best Markets
I'm planning to buy my first property in Q1 or Q2 this year. I'd like to do BRRRR cash buy with all in at <$100K and refinance in 6-12 months. I live in the SF Bay Area but am from Dallas so have been looking into the DFW area mainly. Still trying to land on exact geography though.
I'd love anyone's insights on general Texas investment pros/cons (for example it seems property taxes are relatively high in Texas but tenant rights aren't too extreme like they are here in the Bay Area)
Also which Texas cities/areas are popping best for cash flow with good rent to value and affordable? I'm already priced out of Austin but considering Dallas, Fort Worth, San Antonio, Houston, El Paso. Or some of the smaller metroplexes like Round Rock, San Marcos, Midland/Odessa, Lubbock, etc.
If you're investing in Texas, I would love to talk.
Thanks!