New to Dallas, TX with questions on my first investment!

[Taylor Martel]

Hi all:

I am new to the Dallas/Fort Worth TX area and am interested in purchasing my first property. I'm coming from Boston where MF are the better investments, and I am looking for assistance in a few areas where I lack information. 

I'm most interested in cash flowing properties, am not afraid to put some sweat equity into the investment (cosmetic - not foundational). I would ultimately like the investment to be in an A/B community as I may purchase as a house hack (if MF). I don't want to spend more than 400k and would like your feedback on the following questions:

-Are MF or SF investments best in this area?

-What area's would be best to purchase in according to my above criteria?

-Are there any up and coming areas that I should note? (Currently living in The Colony)

-Do you find student housing to be good investments in the Dallas/Richardson area?

Thanks in advance for your feedback!

Taylor

[Andrew Herrig]

@Taylor Martel As others have mentioned, MF is hard to come by in DFW. I own one duplex and several SFRs. The duplex I bought in 2013 and is now worth way more than I would pay for it today.

If you really want to spend your full $400k, there are some opportunities to house hack MF (probably a duplex) in the Richardson area, East Dallas, or mid-cities (near DFW airport) depending where you want to live.

For SFRs, the best cash flow while still staying in B neighborhoods is going to be where houses are selling for around $100-150k. I think there is still appreciation potential here as houses in this price point are extremely underbuilt.