Best area in Dalls/DFW to Invest in Rental properties

[Chai Jonn]

Hi,

I am new to investing. I live in Austin. I like to invest in rental properties. I like to invest in 2 properties each around $125k

1. Which areas are the best for rental properties and appreciation in Dallas/DFW areas?.

2. Which are the best for investments for rentals? SFH or Condos or Apts etc?

Please advice. I am new to this investment things

Thanks

Chai

[Gene Livingston]

For that price range in Dallas area I'd have a look at Richardson. Specifically the subdivisions on the West side of 75, around the intersections of Beltline/Waterview and Arapaho/Waterview.  There's also the obvious areas that investors always like,  Garland/Mesquite. Lot of houses in Arlington would also fit that price range. Upcoming areas in San Antonio, I guess right now I'd say Woodlawn Lake, but there;s a lot going on here.

Condos- I'd like to like them, but I don't. Condos seem to be great in some states, but they just seem to me not to work well in Texas for investors. The desirable condos cost too much for what you get, and the cheap ones will never appreciate.