Real Estate Agent · Realtor - Dallas, TX · Member since 2013 · 342 posts · 55 votes
To all the Dallas - Fort Worth investors. I'm looking at 2 properties. One is in Grapevine, and the other is in The Colony...which area will be best for rentals in the next 10-15 years? Currently rents are high in both areas....what are your opinions? Where would you invest in a SFR...?
Thank you for the responses. That is true about the airport and lot's of money in the area. Will always be a good rental area because of the close proximity to both Dallas and Fort Worth.
Real Estate Agent · Realtor - Dallas, TX · Member since 2013 · 342 posts · 55 votes
12y
@Shawn Thom ...that's funny. For some reason The Colony has a weird feel to it. I can't put my finger on why?...maybe the way it's organized. They tend to put the driveways in the back of the house, which make the neighborhoods look very nice.
Real Estate Agent · Realtor - Dallas, TX · Member since 2013 · 342 posts · 55 votes
12y
@Andy Collins ...it was a retail deal that was priced under market value. I missed out on the deal because it lasted only a few hours on the market. Would have cash flowed immediately at the $180k LP. I was going to live in it for a year, then rent it out.
Real Estate Broker · Dallas, TX · Member since 2014 · 156 posts · 20 votes
12y
@James Mudd and my property is located right across the street from the new A Train station. I just heard that there are 3 well known restaurants coming to Old Town Lewisville, one being Twisted Root. If that's the case, you might look at Old Town as well.
Homeowner · The Colony, TX · Member since 2015 · 10 posts · 0 votes
11y
Living in The Colony, I may be biased. I am also starting to do this research. My thoughts; The Colony is still a short trip to DFW, retail and restaurants are blowing up with things like Nebraska Furniture Mart. Toyota is going to be near and they are already moving departments out here into temporary work spaces. Main Street is about to be all new. It neighbors a nice marina....
When I bought here I landed in a foreclosure not really having a plan, just knowing it was a great deal for me. At the time we were shopping between Carrollton and The Colony and found the comps were usually 20k cheaper in The Colony. That was almost 6 years ago.
Real Estate Broker · North Richland Hills, TX · Member since 2013 · 1k+ posts · 607 votes
11y
Grapevine is pretty much landlocked by the lake, DFW, Southlake, and Trophy Club. It has a well-regarded school district, a vibrant downtown, and it seems like very little land is left that's available for development.
I'm not as familiar w/ The Colony, but it seems like there's a lot more developable land, which may put a damper on appreciation....but you could probably find better cash on cash returns there.
Without doing an in depth analysis, my gut tells me The Colony would be better for current rental returns, while Grapevine would have better appreciation potential.