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Updated 11 months ago,
Would you invest 300 k in San Antonio (TX) or Raleigh (NC)?
I want to invest in SFH or a duplex in San Antonio or Raleigh (ok with neighboring cities). I am a first-time investor, and this would be an out-of-state purchase. I have done much research and narrowed it down to these two cities. I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.
1- Money: ok to spend ~300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash
2- Prefer cash flow (of course, appreciation would also be great)
3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and drama
Here are my questions:
1- Which city do you invest in and why?
2- Would you consider any other city in NC or TX? Why?
2-Am I correct in thinking SFH has less headache over multi? if not, why not?
3- How would you spend the 300k for investment?
Thanks,