Wichita KS vs Dallas vs Austin as a first market for a newby.

[Michael Ndjondo makadi]

Hello BP world. I am super excited after 5 months of reading and research, it is now time for me to get my hands dirty.

I am looking for advices from experienced buying and holding investors in the Midwest market. I live in SD and as everyone might know, it does not offer much for buying and holding strategy. Thus I'm turning my focus into these three specific cities: Wichita KS, Dallas and Austin.

The main reason why I have chosen those three is that I have spent quite some time in these three area and have some knowledge and possible partners.

I am trying to get a property under contract by the end of November and was wondering which city would be a best bet for a starter among those three. Keeping in mind that, even though I am starting small as I want to take my time to master the game before buying more properties.  I want to get a small multifamily and go from there. Wichita obviously offers lower buying prices and some nice cash flow but I am not so sure about the scarcity of rental properties there as there is no much population growth there. Texas does offer a strong population growth, higher rents but with that comes higher buying prices.

I am really looking forward for your advices as I really want to start by focusing on only one city at the moment and get a team together there.

I can offer more details if needed and will gladly answer any questions.