If you don't like the prices in DFW, San Antonio and Houston also have great opportunities.No, you can't do a straight up purchase with 5% down on a conventional loan for a rent property.  

Was hoping someone can offer advice from their experience as to out of state purchases and local (NYC tri-state area) purchases because this areas market has always been high now add the booming/complex covid market numbers have sky rocketed.

That’s really been the rocket fuel driving double digit increases in prices.

@Marlen Weber I was in Houston!

Looking to invest OOS in Houston, TX, or its surrounding cities using the BRRR strategy current capital ~40k and will use HML to fund the rest of the deal, looking for 120K ARV SFR B/C+ neighborhood.

They are one of the larger turnkey providers and they operate in several markets including: Memphis TN, Little Rock AR, Oklahoma City OK, Tulsa OK, Dallas TX, Houston TX, San Antonio TX, and Kansas City MO.

@Jonathan RodriguezHi Jonathan, I just started wholesaling in Houston and I've made some great progress.

I contract here in Houston exclusively to REI’s because of the volume of work and many times are more careful how they spend their money than they are.Also a lot of new REI’s ask for estimates before they purchase the property and then several hours are wasted for the contractor.

With all the research we've done, we just want advice as to whether buy multifamily in Houston, Tx, vacation home in Big Bear, or buy multifamily in orange county vs anywhere in California. 

When I did come across a new build I wanted, the builder informed me to not use my uncle (bc his firm is in Houston) and advised I used a local Dallas realtor.