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Updated about 7 years ago on . Most recent reply

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13
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1
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Patrick Wilcox
  • Los Angeles, CA
1
Votes |
13
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Which market would you buy and hold in?

Patrick Wilcox
  • Los Angeles, CA
Posted

I'm looking for my first buy and hold rental property. My ultimate goal is to own a small portfolio of properties that cash flow positively enough to (modestly) support me and my future family, should I be unable to work, for example. 

I'm most likely going to buy a 2-4 door multifamily. I have up to $150k for a down-payment, but I'd like to spend less. My credit score is between 750 and 800. What market would you guys recommend? What type of property? Any advice in general? Thanks so much. So happy to have found BiggerPockets.

Most Popular Reply

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108
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50
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Brooke Noth
  • Lender
  • Austin, TX (NMLS #1674054)
50
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108
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Brooke Noth
  • Lender
  • Austin, TX (NMLS #1674054)
Replied

Patrick,

I really like San Antonio. They have a lot of future growth in the works and the properties are reasonably priced. With that amount ready for a down payment you could find a nice quadplex that would have 25% down at a decent rate. 

Hope this helps! 

Brooke

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