All Forum Posts by: Justin Brin

Just from that question-- Dallas, TX. I'd prioritize quality over quantity if it's long term appreciation goals, with mitigating cash flow. However, knowing those two areas I find that a bit hard to understand.

You do not find higher class Dallas in that range, and you will find that in an okay class in greater Phoenix. With that said, as you already mentioned Texas has very high property tax.

Some areas are fighting it and on the verge of winning(Houston) and I think that follows through with other massive metros but take that as a bonus not an underwriting note. As a whole, I would take Texas over Arizona, but not by that much. And I am a big fan of Texas. For the record, I am invested in  both states and in both of those areas. Larger in Texas,  myself personally. Brother who started this in early 2000s is heavily in Arizona, but recently more of a Texas guy himself FWIW. 

I'm invested in both areas.

These days I would chose TX over AZ for long term, for a couple of reasons.

#1.  Long term water issues.   I just don't see that as a positive or positive solutions moving forward over the long term in AZ.

#2.  Growth has slowed significantly in AZ, still strong in TX.

I'm guessing returns today are about the same for you?

@Justin Brin I am of course biased. We moved here from Cali and it was the best decision we made.

The growth in Dallas Fort Worth continues to be strong.

@Justin Brin   What do you want to achieve?    What area do you know better?  How close are you to either area?      Do you only what the actual named city or are you looking at the metro area? Like in phoenix that includes Scottsdale, Mesa, Glendale, Tempe, ect. 

@Justin Brin we have plenty of properties under $400k in the greater Phoenix MSA that are in good areas, so you will see good appreciation, you can get break even on cash flow, and we have a lot lower property taxes than TX.