Dallas, TX realtor/mentor

[Patrick Stewart]

Hi all,

I'm relatively new to BP forums... but I've been a fan of the podcasts and forums for a while. My wife and I live in Denver, CO. We have one single family rental property here and want to expand our portfolio. We've decided that Denver is most likely not our best best, as real estate is so expensive. Our main objective is to generate passive income, and we are less interested in appreciation (nice to have obviously, but cash flow is #1 objective). As of now, we are exploring a few different geographic areas... she grew up in Chicago and I grew up near Philly (close to Reading, PA) so we've been looking there. However, we've also been intrigued by Dallas and the surrounding area because of the combination of 1) relatively low prices, 2) good rental income/cap rate, 3) decent appreciation, 4) forecast appreciation and population growth. However, we don't know the area well.

Thanks,

Patrick