Where (cities) & what (asset types) in Dallas/Houston to invest for maximum apprec!

[Keetaek Hong]

Hi Dallas investors!

Looking for advice in defining our buy box. My wife and I are out-of-state investors exploring TX.

We understand the TX market has been taking a breather but we love the strong fundamentals.

Question: What areas and asset types would be best positioned for appreciation in the next 5 years?

A few things we’ve been thinking about

* Appreciation > Cash Flow: We care more about appreciation in a few years as long as cash-flow can cover occasional cap-ex.

* Low Hands-on operation: We prefer minimal hands-on engagement. (Currently managing STRs and that’s taking up a lot of our time)

* MFH vs SFH: We could consider a small apartment (20-30 units) but we are mindful of vacancy-risk of SFH and high-PM-cost of MFH.

Any guidance would be much appreciated! If there are non-residential (e.g. retail, etc) we would love to learn