Moving to Dallas - Evaluating Richardson / Carrollton Markets

[David Freed]

Hi! My wife is considering a job move to Dallas and we are looking at houses in the area ahead of a potential move. I want to use this opportunity to kickstart my real estate journey and am evaluating two options:

- Purchasing a duplex and renting out one of the properties

- Picking up a single-family rental in the area (alongside the apartment we use ourselves: either rental / owned depending on pricing)

The two cities we've been exploring are Carrollton and Richardson. Anyone on the forum have experience investing in these markets? I'm specifically curious for whch neighborhoods best suit young professionals (we are early 30s; couple years before kids).    

[Jay Hurst]

Quote from @David Freed:

Hi! My wife is considering a job move to Dallas and we are looking at houses in the area ahead of a potential move. I want to use this opportunity to kickstart my real estate journey and am evaluating two options:

- Purchasing a duplex and renting out one of the properties

- Picking up a single-family rental in the area (alongside the apartment we use ourselves: either rental / owned depending on pricing)

The two cities we've been exploring are Carrollton and Richardson. Anyone on the forum have experience investing in these markets? I'm specifically curious for whch neighborhoods best suit young professionals (we are early 30s; couple years before kids).    

The area of town (in my opinion) that is best for young professionals AND house hacking is east Dallas or North Oak Cliff. I am partial to east Dallas as that is where I live and house hacked for years (before it was called house hacking!) but there are tons of small multi families in those two areas along with a ton of walkable neighborhoods with great bars and restaurants, and great neighborhoods. At least do yourself a favor and look into those areas before settling for the burbs!