Where to buy investment property in Dallas?

[Steve Yang]

Hey all!

I really think the DFW has a lot of potential.  I'm interested in buying investment real estate (single family residences) in the DFW area.  Looking to spend < $200K (ideally < $150K) in an area with decent appreciation potential but could still net me over $200 in monthly cashflow after expenses, including property management.  Anyone have any suggestions which areas I can target?

Thanks!

[Nikki Stoddart]

Hi Steve!

I am also in the Bay Area and looking at the Dallas area.  I visited last week and put 7 offers on houses in Fort Worth, Mesquite, Irving, and Garland.  Happy to discuss more with you.  I found that properties over $150K generally don't meet the 1% rule in Dallas, so I think you are on the right track as far as price.

I really really like Fort Worth for investment.  Some great neighborhoods there.  I have good agent as well, if you are looking.  

Either way, highly recommend a trip to the area so you can get a feel for the neighborhoods and see the properties.  There are definitely neighborhoods to avoid!

Nikki