Multi Family Investing in DFW (Good Agent, Best Area?)

Multi Family Investing in DFW (Good Agent, Best Area?)

Member since 2020 · 1 post · 0 votes

Good evening BiggerPockets Family,

I am a newbie to Real Estate Investing and somewhat new to the DFW area. My family and I recently relocated here from Japan (after a 3-year stint). We currently reside in Arlington and are looking to purchase a Multi-Family property (as our first home/first investment) in the next 6 months. Does anyone out there have any recommendations on good areas to invest in or know a high-powered, experienced real estate agent who can assist?  Thanks in advance for taking the time to read and respond. 

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Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
5y
  • Hey! Here are some things that could help you find an area where you are that would be considered a good market to invest in- 
  • 1. Population over 200,000
  • 2. Long-term population growth of at least 50% of the national average (preferably more)
  • 3. Diverse economy
  • 4. Labor participation rate at or above national average
  • 5. High relative cap rates
  • 6. Pro-business, pro-landlord climate
  • 7. Limited risk from climate change
  • 8. Close enough to home for you to oversee easily (one-day round-trip preferred)
  • 9. “Anchor” is a bonus – not necessary, but great to have. Avoid bad anchors, though
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  • Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
    5y
    • Hey! Here are some things that could help you find an area where you are that would be considered a good market to invest in- 
    • 1. Population over 200,000
    • 2. Long-term population growth of at least 50% of the national average (preferably more)
    • 3. Diverse economy
    • 4. Labor participation rate at or above national average
    • 5. High relative cap rates
    • 6. Pro-business, pro-landlord climate
    • 7. Limited risk from climate change
    • 8. Close enough to home for you to oversee easily (one-day round-trip preferred)
    • 9. “Anchor” is a bonus – not necessary, but great to have. Avoid bad anchors, though
  • Real Estate Agent · Washington, DC · Member since 2017 · 109 posts · 93 votes
    5y

    @Eugene Gibbs

    How big of a property?

  • HVAC Tech · Fort Wayne, IN · Member since 2015 · 423 posts · 223 votes
    5y

    @Jeffrey Donis, What is an Anchor? Boots on the ground?

  • Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
    5y
    Originally posted by @Kevin Manz:

    @Jeffrey Donis, What is an Anchor? Boots on the ground?

    Anchor- examples- hospitals, Major universities, etc. These help the market stick through tough times since these facilities are not going anywhere anytime soon.

    Boots on the ground- Someone you know who can go to the property in a relatively short time - if you are in California but buy a property in TX, you would want a boots on the ground that lives in TX so if something comes up and you need someone to gain access to the property you can ask them rather than book a flight and fly out there. 

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