Best places to investing in Texas for 1% ARV

[Geetha R.]

Hi All,

We are beginners to Texas real estate market. Please advise on areas to invest for 1% rule. We are going to have our base in Dallas area, but we are open to invest in 3-4 hour radius, near Houston, Austin, Oklahoma city or anywhere in between. We can invest in SFR or small multi-family buildings. (We got inputs from experts on few areas near Dallas, we are open to expanding our radius) Appreciate it!

Also, we are looking to network with other investors, wholesalers,realtors focusing on investments, lenders and property management companies in those areas. Please PM me if you like to connect.

(This is previously posted in generic buying & selling group, reposting in Texas forum)

[Robert Neal]

Hi Geetha! I am a licensed wholesaler in the San Antonio market and the 1% rule is 100% still attainable. However, due to the current market  situation with buyer demand, more turnkey properties are being sold/bid up on more narrow margins. If you are willing to BRRR and get into something you can put a little sweat equity into you should have no issue hitting that 1% Rule. I would suggest highly considering off market inventory however. Anything that gets put on the MLS has 100x more eyes on it which equates to more cash as-is offers.