New Member - Fort Worth, TX

[Jordan Davis]

Hello BP, I am a recent engineering college grad that is relocating to the Fort Worth area next month.

I have just finished @Scott Trench's book Set For Life, and I am hooked! I am looking to learn as much as I can while I increase my "financial runway", before acquiring my first house hack or SFH in mid-2018. My initial plan is to focus real estate that can be purchased for 130-200k via FHA loan, with room for some forced appreciation (BRRR). With a high savings rate and few liabilities, I would like to purchase a cash flowing property every year as a hedge against the potential "top" of the market.

Some initial questions...

Are multi-families a viable option in DFW area? 

What are the best locations for new investors?

I would love to practice running the numbers and connect with professionals in the area to discuss the best possible strategies for the local market. Thank you!

-Jordan

[Jordan Davis]

@G. Brian Davis thank you for the article and thoughts on minimal cash purchasing! I prefer to rent for at least my first 12 months, as this approach gives me time to get familiar with the area, find a quality property, and save capital for a lower mortgage.