New York, NY · Member since 2015 · 24 posts · 11 votes
Hello everyone and thank you in advance for all your answers. This site has been very helpful.
I am planning to buy my first investment property out-of-state. I am currently looking at single-family homes in the Dallas Fort Worth market. There are two homes I am considering putting an offer on in South East Arlington, Tx. The numbers look good based on my analysis and research shows DFW has a great economy. I plan on flying out to see both properties but I definitely would love to hear from those of you that are familiar with the area. I also wanted so ask what your thoughts are on Burleson, Tx or your recommendations about other cities for a buy and hold in that market that are not very inflated in price.
I was born and raise in southeast Arlington so of course I think it's a great place to live! Houses rent easily in that area and it's been steadily expanding for years. SE Arlington is a great access point to the metroplex; very close to anything you could need but a little bit removed from the business. The neighborhoods just keep on growing and there's new developments going in all over the place. They are working on extending SH360 farther south (which they've been doing forever) which is causing a lot more suburban areas to go up and a lot of businesses will be popping up too. Hope this helps, have a great visit to the area, I think you'll love it!
I agree with @Simon Cox with his assessment of Arlington. It has boomed over the past many years. SE Arlington has some older pockets where some deals may be had. As for Burleson it's far from where I am yet I've been there a few times. It is also showing growth and not too bad a commute into Ft Worth.
Investor · Burleson, TX · Member since 2016 · 54 posts · 13 votes
10y
Frescos is awesome! I live in Burleson it is definitely growing quickly. Schools are decent you can move from high population to middle of nowhere in a few minutes so it's on the edge of where you start seeing big ranches and open space.
There are many great areas in the metroplex. A lot depends on your goals, how you buy your rentals (financed or cash). There are also pockets of good and bad neighborhoods within the different regions, so it's important to either check the neighborhood out yourself, or work with someone who can provide guidance.
Adding to what has been said about SE Arlington and Burleson (which I agree with), here are some other areas for you to look into, keeping always in mind that within those areas are pockets that might be good or not so good.
Hurst, Euless, Bedford, Watauga, N Fort Worth, Blue Mounds, Saginaw, Azle, White Settlement, Benbrook, Crowley and some parts of SW Fort Worth (outside the loop).
Not sure how you are sourcing your deals (it sounds like MLS), but keep in mind there are cheaper ways to buy houses if you are comfortable with doing a rehab (or having it done for you). When my company sources homes for out-of-state or foreign investors, we usually find the deals off the MLS. Let me know if I can be of any help...and enjoy your visit!
Thank you I will research the areas you listed. It's great to hear it from people that live there. Unfortunately both houses I decided to put an offer on went under contract with another buyer today so I am a bit bummed. maybe I will be quicker to make a decision next time, after a good due diligence of course. I would love to see what properties you have or can find @Anderson Schulle I will send you a colleague request if thats ok. Thank you
Arlington, TX · Member since 2015 · 68 posts · 18 votes
10y
Anderson Schulle O My wife is and agent here in Arlington. I'll have her keep an eye out for any investor deals. Sorry to hear about the loss on the two deal. Arlington is a HOT market right now!
Arlington, TX · Member since 2015 · 68 posts · 18 votes
10y
Abigail T. My wife is and agent here in Arlington. I'll have her keep an eye out for any investor deals. Sorry to hear about the loss on the two deal. Arlington is a HOT market right now!