Updated over 4 years ago on . Most recent reply
Beginner Investor in Texas
I am new to Texas and looking to start my real estate investing journey. I have read some books and have been hanging out here to get educated. As the markets have run-up in the last few years and because of high property taxes in Tx, I have not been able to come across any deals that would cash flow. Also I am looking for multi-family homes, which seem to be difficult to come by here. I am W2 professional with decent savings for a down payment and high loan eligibility, but don’t want to buy a non cashflowing property at an all-time high.
Are there any areas in Tx that I should research more where I can still get positive cash flow on multi-family homes or should I look out of state?
Appreciate any advice for starting my REI journey!
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#3 Commercial Real Estate Investing Contributor
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#3 Commercial Real Estate Investing Contributor
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What % DP are you putting down? Plenty of cash flow if you increase your down payment and reduce CoC. How many units on multi-family?