@Venkata Lukalapu Only comment on the DFW area is taxes consistently go up there year over year and I don’t think rents are keeping up in most neighborhoods unless maybe you buy a really high end property.
My sister lives in Denton and has 17 SFHs and on average her taxes have gone up 15% the past 3 years while she’s only been able to raise her rents about 7% this past year and maybe 5% each of the two years prior.
Granted with the pandemic she did see good appreciation compared to what she was seeing before but I think that is true for many places in the country.
@Alecia Loveless welcome! North Texas is a great market to invest. Recommend you plug into a good real estate investor meeting. We run one free for anyone to attend. We are on meetup. We meet the 3rd Monday of the month at 6:00 at the SpringHill Suites Denton. You're more than welcome to come, network and learn.
IT guy here as well; I have 14 SFHs rentals around the Denton area (investor is my side job :) ) and I can give you some insights on what may cash flow (or not). It is kind of difficult now with high interest rates and increasing property taxes but appreciation may still be interesting.
IT guy here as well; I have 14 SFHs rentals around the Denton area (investor is my side job :) ) and I can give you some insights on what may cash flow (or not). It is kind of difficult now with high interest rates and increasing property taxes but appreciation may still be interesting.
Hi Fabrice, thanks for the help. How do I contact you here?
@Venkata Lukalapu Only comment on the DFW area is taxes consistently go up there year over year and I don’t think rents are keeping up in most neighborhoods unless maybe you buy a really high end property.
My sister lives in Denton and has 17 SFHs and on average her taxes have gone up 15% the past 3 years while she’s only been able to raise her rents about 7% this past year and maybe 5% each of the two years prior.
Granted with the pandemic she did see good appreciation compared to what she was seeing before but I think that is true for many places in the country.
@Venkata Lukalapu Only comment on the DFW area is taxes consistently go up there year over year and I don’t think rents are keeping up in most neighborhoods unless maybe you buy a really high end property.
My sister lives in Denton and has 17 SFHs and on average her taxes have gone up 15% the past 3 years while she’s only been able to raise her rents about 7% this past year and maybe 5% each of the two years prior.
Granted with the pandemic she did see good appreciation compared to what she was seeing before but I think that is true for many places in the country.
Actually I disagree that taxes so up year over year, in fact we saw years of homes staying at the same value (up until the rush of 20-22). The one thing everyone must do is protest their taxes. If more people did that, then the county tax assessors offices wouldn't have over inflated numbers to work with.