But a lot of people are going to Houston now, and some still in Atlanta - and Phoenix and Vegas, although I hear less about the latter 2 now..

I am amazed by the volume of information and the user base that is available here.I wish I knew about this community earlier before I bought my first investment property.I have 5 investment properties, 3 in Arlington, TX, 1 in Fort Worth, TX, and 1 in Memphis, TN.I am looking forward to be a very active member, and would surely like to hook up with local investors.I am looking to get more properties in Houston and DFW area.I guess that is it for now.

I quess there was no rocket science here.Is the PGA bridge still up more than it's down?

I'm Chelsea I'm recently moved to Austin from Houston.

So I did as much research as i could online and found that all the cheap properties were in pretty rough neighborhoods and the local economy did not seem to support flipping in any significant volume.I then looked into Memphis TN, again all properties under 40k were in rough neighborhoods.I'm now leaning towards San Antonio, Austin, Dallas, or HoustonThe only problem with them is finding a house under 40k for us to live in, I did find a few Manufactured homes in the country close to Dallas and some a little over a hour north of Houston, I would be fine living in one of the manufactured homes close to Dallas for quite some time, my only issue is tying up most of my free cash in a house that i cannot refi to free up the cash again.Thanks for taking the time to read my rather long post and i look forward to hearing your suggestions!

I will get back about $2K at refi closing (would be $8K if I had the property for six months before refi) so In the end I will have about $15K cash out of pocket but an instant equity of about $33K plus monthly cash flow.It all depends on your area as far as what is achievable; in Houston, the housing market is cheap and exploding.If you want to be completely passive then you should look into a property management company; in the end, its all about the numbers.

I just recently sold it so I can return to the States (Houston area).

Margins in hot areas like Houston have narrowed considerably, most fix and flippers believe that prices will rise 5-10% during the rehab period.

I have someone who is looking for a motel in the Houston, TX area.

Liam, You are right, I am in Houston, Indy, and Memphis :) Cash flow works many places, but the team is a big piece, and you can believe there are different quality teams in those markets.