Starting Out - Buy and Hold in Fort Worth

Dallas, Texas
General Real Estate Investing
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Starting Out - Buy and Hold in Fort Worth

Dylan Hattem
New to Real Estate · NYC · Member since 2024 · 4 posts · 7 votes

Hey Everyone - it's a pleasure to be here. If you take a look at my previous post, I am brand new to real estate investing, although I have had a great career in both the creative and technology industries in NYC.

I'm currently looking to purchase a single or multi family unit as a long term rental, and am exploring 4 markets - DFW being one of them.

After a healthy amount of research, I am ready to dive more into the area, and would love to first connect with realtors who have a lay of the land (no pun intended), or anyone else who has a few minutes to shed some advice on what you're seeing in the area.

Looking forward to connecting.

Dylan

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  • Joseph Bui
    Lender · Nationwide · Member since 2023 · 362 posts · 237 votes
    2y

    What other markets are you looking into? I don’t know DFW well and mainly focus on Midwest markets (Detroit and Memphis)

    0Reply
  • Dylan Hattem
    OP
    New to Real Estate · NYC · Member since 2024 · 4 posts · 7 votes
    2y

    Columbus, OH

    Savannah, Georgia

    Chattanooga, TN

    1Reply
  • Stuart Chinworth
    Realtor · Lubbock, TX · Member since 2016 · 127 posts · 60 votes
    2y

    @Dylan Hattem Whenever someone mentions they want to invest in the DFW area, I recommend they take a look at some of the outlying areas first as many people go straight to the heart of the metroplex. From what I have seen some of these outlying areas can provide better cash flow, less competition and less regulations. Let me know if you'd ever like to schedule a call to discuss. 

    0Reply
  • Dylan Hattem
    OP
    New to Real Estate · NYC · Member since 2024 · 4 posts · 7 votes
    2y

    Appreciate the insight, Stuart. Would love to chat - I'll send you a DM

    0Reply
  • Mark R.
    Real Estate Broker · TX · Member since 2008 · 50 posts · 22 votes
    2y
    Hey Dylan, I'm in DFW and can chat about the landscape here. Check out my linkedin and shoot me a DM If you want to chat. 
    0Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    2y

    Quote from @Dylan Hattem:

    Hey Everyone - it's a pleasure to be here. If you take a look at my previous post, I am brand new to real estate investing, although I have had a great career in both the creative and technology industries in NYC.

    I'm currently looking to purchase a single or multi family unit as a long term rental, and am exploring 4 markets - DFW being one of them.

    After a healthy amount of research, I am ready to dive more into the area, and would love to first connect with realtors who have a lay of the land (no pun intended), or anyone else who has a few minutes to shed some advice on what you're seeing in the area.

    Looking forward to connecting.

    Dylan


     you can still buy lots for sub 100k and we can put 3-4 units stacked on a .1 acre parcel with density of around 30-40 dwelling units through what's called a council use variance. takes a bit longer than buying but we build with 20% equity typically and target lots based on that price range. I'm in Columbus Ohio we are looking at other markets to facilitate with this but in columbus we build right in the heart of downtown 43203, 43205 which are called the near east districts. I know all the numbers on the stats. 43205 is on average $300 per sq ft and 43203 is about 15% less than that. renderings and floorplan are attached. with new construction you control everything. 

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