Any investors in Denison TX?

Question

Anyone is investing in Deniston TX? what are the areas I should focus? looking at standard of 3/2 brick SFH with a buy & hold strategy, with purchase price up to 80K? which neighborhoods I should avoid?

Chris McKenna · Answer

Pete thanks for that. I'll make some time to meet up. Another question... Do you have a recommendation for a CPA that understands REI so I can be sure I'm making the right decisions regarding taxes as I add property?

Pete Tredwell · Answer

Very cool. I'm in SW part of town, near 3040 and 2499. Maybe we can meet for coffee sometime. Text me 9037764580

Chris McKenna · Answer

@Pete Tredwell I’m starting to look in Denison as well. I saw they came up on an AirDNA emerging markets list and took a drive to check it out. Looks like the town is in the middle of a resurgence but their distance to attractions and Main st seem to add the value to the area. Looking for STR opportunities. Any advice would be greatly appreciated. I’m in Flower Mound as well!

Pete Tredwell · Answer

I do buy-and-hold in Denison, TX. East side of town has mostly smaller and older homes (early 20th century), with some newer construction sprinkled in. Some of the new construction is brick, but most isn't. The further west you go, the better the area. About 800 block and west of that is where it is best, depending on the street. But overall, there is a lot of rehabbing going on, so many areas are being upgraded. Generally a rehabbed house in that area is $100/foot.