All Forum Posts by: Beth Yohannes

Thanks @Kenneth, I appreciate your prompt reply. That sounds like a bright path I should definitely explore. I have a couple of friends who moved to the Dallas fort worth area and that's where they were suggesting I look into. I'm assuming the areas you mentioned aren't far off from Dallas fort worth? Also as I mentioned, I live in Virginia, is it harder to buy being an out of state resident? My other question is on property taxes. I know TX has pretty high property taxes than most states so taking that into consideration, would I still make at least up to 1500$ in rent after HOI, property taxes and stuff if I buy a good 3/2s SFH?

Hi guys,

My name is Beth and I am a Virginia resident looking to invest in a SFH in the Dallas-fort worth area for a buy and hold purpose. I have never even been to Dallas so my knowledge in the city demographics, GDP and work force is low but as I was doing my due diligence on the web, I did learn there is a lot of immigration to the Dallas area which is a plus. Also one new addition to the economy might be Amazon HQ2 establishment which would be huge for the area. That being said, my question is, are SFH good for renting purposes in that area? How fast can I rent it out once owned.? My budget is up to 225k. Thanks in advance, I appreciate your thoughts and suggestions.

Beth