Looking to relocate to Texas or Florida

[Anthony Vanson]

Hello, Im looking to relocate and have narrowed down options to Florida and Texas. I have a business which permits me to live anywhere and I  have no wife or children, so  this would not be a difficult move. I'm currently in NYC  but the market here is too expensive for me to get started

I'm thinking the two best options in Texas are Houston and Dallas. Could a few of you list their respective pros and cons? I'm looking at all types of investments; House hacking, SFR and MFR

Thank you in advance

[Jeremy C.]

Anthony, I think it depends on your strategy. Which way do you want to make your money out of? I can think of at least 3 strategies:

• BRRRR (in short, Buy-and-Hold) to gain cash flow & equity
• Wholesale
• Flip

Also, do you want mainly cash flow or build up equity (i.e. wealth)? You may want to say a bit more before you get the most matching advice.

Nonetheless, I'd like to give you some data and stats for Texas & Florida for your reference.

There are a couple of authoritative research white papers on best-performing cities for your reference: 

• Milken Institute.
• Uli.org report.

In brief, 4 major metros in Texas (DFW, Houston, Austin, San Antonio) and several metros in Florida (Cape Coral - Fort Myers, Miami, Tampa) may be worthy of investment. 

I lived in Austin for 5 years and is obtaining a SFH which I'll delegate to a property management company to run a rental. I perceived that Round Rock & Austin & San Marcos & San Antonio are becoming a large metro area, which may be comparable to Houston or DFW metro areas. In average, about 200 people per day move into Dallas/Forth Worth area, while about 100 people per day move into Austin metro area.

If you feel my posting is of any help, please feel free to PM or discuss with me more. Also, your "vote" is also greatly appreciated. Thanks!