Following a pandemic-driven boom in 2021-2022, characterized by soaring prices, rapid sales, and a sharp drop in inventory, the market began to cool in 2023 due to rising mortgage rates and economic uncertainty.

I currently live in Dallas (Plano area) and looking for a solid lender to purchase my first SFH in NE Dallas.What are your thoughts on RBFCU and PennyMac?

Hi BiggerPockets Forum,      I am looking at purchasing my first rental property.

I have .5 acre of land that I purchased and placed a renovated double wide 2176sf 4/3 MH on for sale.

Definitely ask your realtor about appreciation in the area you're looking to purchase.  

Hi Zach, I’ve recently purchased a planner that is very similar to this.

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.  

Purchase price: $130,000 Cash invested: $28,000 Purchased this one via 1031 exchange out of a SFH.

You most definitely can go in on a Fourplex with 3.5% down, primary residence, living in one of the units, find out what purchase power you have, and what the rent rolls for the other units will be to determine your cash flow. 

Most of the labor expenses I have budgeted for to outsource when I purchased the property.