Cash flowing properties in Dallas?

[Alec Strahl]

Hi everyone,

New member here! I'm moving to Dallas soon and was interested in buying a house but the market is obviously a bit expensive now so I may wait a bit. I want to live in my house for a year then rent it after. my question is to those of you in Dallas. Is Dallas a pretty tough place to look for cash flowing properties? Everything I saw on Zillow were homes selling for 250-300k (my price range) and renting for 1500-1800 a month which following the 1% rule (I know it's not a perfect rule) but I couldn't find anything that looked close. What are your thoughts on finding cash flowing properties in Dallas? I'm targeting a 8-10% CoC return. Are there any specific neighborhoods that present opportunity?

[Adam Ward]

I was in a similar situation to you when I first moved to DFW, and actually ended up buying my first property at market value and house hacking. Fast forward and my home value has risen substantially, almost making it a 1% house due to rising rents in the area and market appreciation.

I started by checking out the DFW REIA and a few real estate meet up groups to network, you'll find some quality people there and may make some good contacts. The DFW area is massive and there are tons of these. Facebook also has DFW specific real estate groups that will post "off market" and wholesale deals. In any of your endeavors, I encourage you to be discerning and do your due diligence on the property before making a purchase.