DFW, Dallas Fort Worth investors
Good morning,
Any investors in the DFW area having any luck following the 1% rule? I’ve been looking at the Fort Worth area and have found that trying to follow the 1% rule is becoming more and more difficult. I am about to expand my search throughout the DFW metroplex and wanted to see if anyone locally has been able to without any major rehabbing. I’m not necessarily looking for turn-key, I am trying to keep any repairs or rehabbing as minimal as possible.
Hope you all have a great day!
Most Popular Reply
@Sam Wydner The 1% rule doesn't apply in most major American metropolitans with population and job growth. Depending on the market, this can be a good or bad thing (if you go the way of California, you are banking on capital appreciation, which is nice but not as predictable).
I am assuming you are only looking into SFRs. If so, within the DFW you might either have to move south (think DeSoto and beyond) or find specific neighborhoods. Nonetheless, you would still find it hard to hit the 1% number.
As @Adam Wright has mentioned, SFR investors are happy with 0.7-0.8% range.
Best of luck!