Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
3y
@Louis Alec Deutschmann you have some good comments above but it depends on what type of investing you are thinking about. If you are thinking about Short Term Rentals (STRs) then Fort Worth is terrible since they have outlawed STR's. But if you are thinking of investing as a flipper, then it's fine...but Dallas and surrounding suburbs would be slightly better. Long term rentals are amazing in our market. We (DFW) are always ranked in "The Top Cities to Invest In" consistently. In the past 30 years the population of Texas has doubled. 90% of that growth has occurred within 50 miles of I-35. We target 3BR 2BA homes here under $300k. The less expensive the better. That's the winning formula.
Hope all of that makes sense but feel free to ask anything else. Thanks!
Real Estate Agent · Dallas, TX · Member since 2016 · 432 posts · 341 votes
3y
It's far cheaper than Dallas.. okay, not far. But certainly cheaper. Fort Worth is a huge market though - we speaking downtown or the metro as a whole?
Real Estate Agent · Keller · Member since 2022 · 19 posts · 7 votes
3y
This week the median list price for Fort Worth, TX 76120 is $347,500. Inventory has decreased to 22. By comparing rate of sales versus inventory, the Market Action Index shows some strengthening in the last few weeks. Lately, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this low inventory trend persist.
Investor · DFW, TX · Member since 2022 · 198 posts · 161 votes
3y
In particular, I like North Fort Worth a lot around the Summerfield neighborhood and Alliance. It's generally a nice B+ to A class long-term investment area.
Realtor · Lubbock, TX · Member since 2016 · 127 posts · 60 votes
3y
Given the market diversity and size, I think Fort Worth offers a little something for every type of investor. As things progress, I could see a trend where investors that primarily focus on cashflow, begin looking in the areas and towns surrounding Fort Worth. The big question is, what are your goals and can the Fort Worth market help you achieve those?
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
3y
@Louis Alec Deutschmann you have some good comments above but it depends on what type of investing you are thinking about. If you are thinking about Short Term Rentals (STRs) then Fort Worth is terrible since they have outlawed STR's. But if you are thinking of investing as a flipper, then it's fine...but Dallas and surrounding suburbs would be slightly better. Long term rentals are amazing in our market. We (DFW) are always ranked in "The Top Cities to Invest In" consistently. In the past 30 years the population of Texas has doubled. 90% of that growth has occurred within 50 miles of I-35. We target 3BR 2BA homes here under $300k. The less expensive the better. That's the winning formula.
Hope all of that makes sense but feel free to ask anything else. Thanks!
In particular, I like North Fort Worth a lot around the Summerfield neighborhood and Alliance. It's generally a nice B+ to A class long-term investment area.
Let me know if you see anything off market in that area. I’m looking from that point (I live there now) up to Roanoke. I want to do another live in flip.