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Updated over 8 years ago,
Duplex in Dallas
I've been following the MLS and see several duplex deals in far east Dallas (south of I30 and west of I635). They've been selling at 10% cap rates. It's not a very nice area so there likely won't be much appreciation but it looks like they cash flow pretty well. I'm focusing in this area because it's seems to be a happy medium of affordability and not a complete dump.
Does anybody have Duplex advice in the Dallas Fort Worth Metroplex or specifically the area I'm looking in? Looking to make my first investment and would love a successful one.
Thanks
Chuck