College Student Thinking of Moving to Texas

[Cole Britting]

Hi all!

I'm currently in college, and I have been thinking about where I would like to move once I am finished school. I still have a year and a half left, and I know a lot of things can change in that time, but Texas seems to be one of the states that is at the top of my list, specifically the Dallas area. 

Dallas is so high on my list because I love being near big cities (currently go to school in NYC), the economy of Dallas and its surrounding areas seems to be growing exponentially, there are a lot of jobs, and it seems to be one of the top places to invest in real estate.

I'm looking to house hack to start, and am not set on living directly in Dallas as I know it is an extremely competitive area. A lot of the surrounding areas (Fort Worth, Irving, Plano, Frisco, Arlington, etc) look very promising for me. Are even these places getting very competitive? Would a young, inexperienced investor like myself have trouble finding a place to hose hack in these areas? Is it a good area for a young professional? I would love to invest in a multi-family home, but I know that most homes are SFR.

I have enough confidence and persistence that I feel like I would be able to find a deal even in a competitive market. Although, I would like to get some opinions of those who have invested in the area. Please let me know what you guys think!

Hope everyone is staying safe and healthy.

[Bruce Lynn]

Welcome to Texas....lots of jobs...lots of companies moving here.  Goldman Sachs just announced something like a HDQ3 here with all divisions represented...CEO says it is a myth to think all financial talent is in NYC.  600 companies in CA looking to move to Texas in the next couple of years.  Mazada North American HDQ looking to move here.  Amazon may be looking again after not getting a great welcome from Brooklyn.   Plenty of other companies here that are good quality and should provide good opportunities for the future.

All the cities around DFW have been very competitive.   I would come rent for a year...get established...find work....then look at the opportunities.   It will give you time to look around, see commute times, meet some people, line up some roommates and get a lay of the land.