It is not unusual that real estate investing comes up often at our family gatherings. Especially with the interest rates being as low as they have been, investing has become much more appealing. Dallas is one of the top investment cities in the United States. Furthermore, I have three siblings who currently reside in Texas, so Dallas investment property isn’t a far fetched dream. It has been an idea that we’ve been musing over for quite some time.
There is yet, a huge debate over investing in new construction homes, since Dallas has been known for higher end amenities, or bank owned foreclosures. The tough part for many people to get over is the idea that short sales, bank owned foreclosure homes are not always cheaper. The selling price is sometimes just as much or higher than a regular sale of a home.
My siblings have all created a FREE account at MyHouseDeals.com website so that they could search and get educated on the Dallas / Ft. Worth Area. They enjoy viewing the investment property tab because there are estimated repair costs which they haven’t seen on other websites before. For each property, there is a seller’s asking price, an estimated repair or remodeling cost, and an estimated value after repairs. It is a wonderful concept when you are looking to buy in areas you are not particularly savvy about. Some investment properties are not in perfect condition, and that is why there are estimated repair costs. It takes the guess work off from the buyers. In fact the research is already done on MyhouseDeals.com. It simplifies the process and gives an idea of how much money you can gain from buying these distressed properties.
Dallas investment property has been high on my siblings’ investment list for some time now, so I hope they can find something they like soon.
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