Best areas in North Texas/DFW to invest in SF homes under 200k

[Taylor Martel]

Hi All:

I am new to Texas (about 6 months now) and would like to purchase some investment properties. I currently live in North Texas in Little Elm/Frisco area. I am looking for SF homes under 200k. I'm planning to buy and hold these properties and would love some insight from anyone regarding areas that seem up and coming and/or have shown great appreciation. I don't mind fixer uppers where I can force some appreciation, but am definitely not interested in fixing foundation work/etc. 

Any feedback would be appreciated!

[Michael Guzik]

@Taylor Martel Hey Taylor welcome to Texas! You will love it here and I along with many Texans truly believe it's the best country in the world lol! I don't know that market as well as I know the San Antonio market but I can offer some advice for whatever that is worth. Usually homes in that price range do not cash flow so please do not buy and bank on appreciation. I would really take the time to know the area, prices and rent rates. Take the time to truly understand your market so you don't overpay. Especially with the infamous "crash" coming soon over-leveraging and/or buying for appreciation is very dangerous right now. I believe that your best bet would be to either 1) find an off/on market property that already meets the 1% rule which will be very hard especially in that area in today's market or 2) find a fixer upper and buy it cheap and force that appreciation. The second route in my opinion is the best way to find properties that meet the 1% rule. However there is some risk with these because this will rely on your knowledge of the area and rent rates around there for properties similar to yours. I wish you the best of luck and make sure to focus on the numbers! If it doesn't cash flow or you don't have the ability to spruce it up and make it cash flow I don't believe it is a deal.