All Forum Posts by: David To

HI, I'm looking to buy and hold. Would like to rent it out.

Looking for single family home (3 br, 2+ bath) approximately $150K - 200K, class B neighborhoods. I don't know which zip codes are class B material though so perhaps someone from Charlotte would know.

HI, any recommendations for real estate agents that work with Investors along with knowledge of quality property management companies in Charlotte, NC?

If so, can you elaborate and note if you've successfully used them in the past and present and that things are working out great?

BY real estate investors, I meant real estate agents that cater to Investors. And great property managers.

Some more questions; can you recommend some real estate investors and property manager companies in the following markets:

1) Charlotte

2) Dallas

Thanks.

Thanks for the info everyone. I believe I'm leaning towards Dallas and Charlotte (although living in Southern California, this isn't out of the question either) based on all the responses. Great information provided. Glad I posted this since I can get so much information / suggestion from people in all places with different opinions, etc.

HI John, thanks for the info. I'm not very concerned about being an absentee owner because I will find a great property manager to do the work. I have a rental home in San Diego and it's being managed by a property manager just fine. 

I'm looking into buy and hold and just rent out as long as possible as a means of passive income so not looking to flip and sell. I haven't considered Florida but thanks for throwing it out (i'll do some research on Florida). I'll look at Austin as well (forgot about this city). Only downfall with Texas is high property tax. 

California, I'm living in it already and prices are 2-3 times higher than Texas/North Carolina so that's why I'm considering out of state as an option because I can get two homes instead of one which means higher rate of return as well. 

HI Hattie and everyone, thanks for the info and response.

1) Although Escondido / Oceanside / San Marcos in CA, houses can also be found for around $300K, they are older and smaller than something you could get in Charlotte or Dallas for $150K. So I could get two homes in Dallas / Houston / Charlotte for the price of one home in CA.

2) Problem with Dallas / Houston I suppose is the high property tax rate, which Charlotte doesn't have.

However, that being said, I would have to seriously do the math to see if I can positive cash flow in Dallas / Houston and still be worth the effort or look at Charlotte as an option since with a lower property tax, will cash flow better.

By the way Hattie, do you know approximate home prices and zip codes that you consider to be Class B neighborhoods in Dallas? Like 3  bedroom, 2 baths (1500 square foot).

David To

My objective: to purchase a SFR for rental / cash flow. I can afford a home between $150K - $300K. Living in Southern California, a home in Riverside county or Temecular / Murrieta would be around $250K and above, and not very good looking either. I see beautiful homes on Zillow in Charlotte, Dallas and Houston for $150K that's better than what you would get for $300K in Riverside, etc.

SO my questions to people, rate the following markets which would be better suited for a cash flow rental property, 1 belong lowest and 10 being highest.

City, State    |    ZipCode  | Class B,C,D |  Job Growth (1-10)  |  Pop Growth (1-10) | Vacancy rating (1-10)

Riverside, Ca

Temecula, Murrieta CA

Dallas, TX

Houston, TX

Charlotte, NC

Memphis, TN

Thanks and let me hear your feedback on which markets above would make the best rent and hold strategy.

David To

Yes, I would like to know the exact address of this meeting. I believe the time is 7:00 PM, correct? How long do these meetup's last?

david to