Frisco Owner occupied then Rental Strategy

[Bishoy Takla]

Hello BP :)

Long time reader and listener and first time posting. 

Is it a good time to buy an SFR in Frisco now? I am looking into buying and holding owner-occupied, live in it for one year or so then use it as a rental and repeat.

The house I am considering is 300k 3/2 1850SF in 75035 Frisco. in move in condition, so no forced appreciation there. 

How does this plan sound in lights of the current market? 

[Kenneth McKeown]

@Bishoy Takla I’d be curious to see what the reasoning behind that particular house would be. There’s a lot of factors that can come into play - but at 300k you will never profit in a year with you’re mortgage. You will be paying additional $$ on top of your rental income every month to afford the mortgage.