Chris Austin

Hi Jen,

My business is real estate investing and I happen to live and work in Frisco. In my opinion, Frisco is only OK for rental investments. My reason is that the price to rent ratio doesn't really favor you unless you bring a large down, invest with cash , get great financing terms or, buy at wholesale prices (60%-75% of market price).

A very important rule of thumb that I follow when buying a rental property is that it must put a minimum of $200 into my pocket every month after all expenses are paid including management fees, reservers for repairs or upgrades and HOA dues (these kill you when a property is vacant) . When I go buy this rule there are very few properties that work for me in Frisco.

If you want a townhouse or condo, I've found that the Oak Lawn area is fantastic. I've been able to get good cash flow and good appreciation over the last four years.

Good Luck and remember that cash is king in your real estate investments; never buy something that you have to put money into every month. - Thu May 15 2008, 13:58