Fort Worth, TX - Buy and Hold Rental Properties

[Josh Madruga]

Hello BP Community,

I'm a REI out of Central California, with multiple SFH invested locally. I am looking to make the jump to start investing out of state I've been researching a few different cities across the country.  Texas is on my radar, specifically Fort Worth.

Is anyone out there buying and holding in Fort Worth?? Just wanted to know if the quality of homes that are listed online are good investments, or is everything that's cheap in really rough neighborhoods.. What neighborhoods/suburbs are you having success in, and are you buying single family homes, or multi family.   If not Fort Worth, what other cities in Texas are you having success in?  Thanks guys!

[Ryan Flannery]

I am DFW based and have been here for 5 years, although we have been investing here for 8.  I agree with @Andrew Postell but I would push that value to 200k or even a little higher on the north side of Fort Worth (NRH, Watauga, Saginaw, etc) and in some parts of south Fort Worth, and I would say minimum value is closer to 150k right now renovated properly.  You should be able to get around .8% rent to value ratio if you do a renovation for long term success (no deferred maintenance).