New Foreign Investor looking for advice!

[Janice Duan]

Hello BP!

I'm a new member from AB, Canada, and since our economy has been worsening every year, I'm looking forward to invest in the US.

Currently, I'm looking forward to purchase a rental property in Texas. Any opinion on Houston/Dallas would be greatly appreciated!

Thank you!

[Janice Duan]

Originally posted by @Mitch Messer:

Hi @Janice Duan and welcome to BiggerPockets!

I'm looking at rental property in Texas myself, so I'm sincerely curious as to why you picked those two cities. They are both mature investment markets, so there is currently plenty of competition and thus strong upward pressure on prices.

Have you decided on an acquisition price range? Also, what financial performance are you needing? These both may be easier to achieve in smaller, less "developed" markets.

Or, I could be completely bonkers!

Thank you for replying, Mitch!

In terms of cash flow, I think they are not a good deal at all, the property taxes are ridiculous in Taxes. I do believe there will be a steady appreciation tho, since it look way under-priced than any other major cities!

I'm a Canadian so it is probably very hard to finance. Anywhere between 60 and 200 for each is fine for me.

If just for cash flow, I was thinking about Cleveland instead. Well I'm still in the decision of going for cash flow/appreciation. Would you suggest going smaller on the first one?

Thank you!