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Updated over 7 years ago,

User Stats

33
Posts
10
Votes
Jayme Jahns
  • Graham, WA
10
Votes |
33
Posts

Pro/con buying multi fam rental in Texas (out of state)

Jayme Jahns
  • Graham, WA
Posted

Hey, just weighing more options.

Can I get a pro/con list for buying a multifamily home out if state for your first time rental? Specifically Texas, I live in Washington state and the cash flow here is abysmal. Lucky to get a CAP of 6.

In Texas, I've noticed a few quad and duplexes in the following cities 

Fort worth

Killian

Austin

Dallas

San Antonio

For my Texas pros, what is your read on these areas? Crime? Vacancies? Ec t. 

Also, is it very difficult to get approved for a loan that is for out of state rental? I already am pre approved for the loan in general. But haven't asked about approving out of state yet. 

Thank you all so much!! I'm still new to this but learning.

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