Best Place to Invest in DFW Texas Area?

[Andrew Threet]

I'm looking to buy my first multifamily investment property in the DFW Texas area within the next 3 months, any suggestions or insights on what areas I might have the best opportunity to find a CoC of anywhere between 8-12%?

I'm looking to buy anywhere between 150k-350k.

From the research I've done so far I know North of the Dallas area are where the better neighborhoods and appreciating areas might be. However multifamily listings are harder to come by in these areas. And I've seen a good majority of listings for multifamily come up more West of Dallas in the Forth Worth and Arlington area, that could even fit my numbers a bit better.

However I'm not too familiar with the market. Could anyone provide any insight on what the Forth Worth market is looking like? Is this an area on the rise for Texas. Or would it make more sense to be more patient and wait for a deal to come up in the North Dallas area? Or is there another area of DFW entirely that I should be looking at instead?

Any insight would be greatly appreciated!