Downtown Dallas , Good to Invest ?

[Sagar Ka]

Hey All, I am newbie in Real Estate , I saw a brand new home around 300k in Downtown Dallas area, Is it a good place to invest as a Rental Property ?

1) I know being a baby in the real estate , its really not easy to understand everything. I went on to learn from videos starting from this 

the how it works

2) I asked the agent he said , I would be qualified for FHA loan with 3.5 % downpayment

3) I realized that since its a brand new home and I don't have worry about much repairs and stuff ,since most of the things would come in warranty for at least 1 year 

4) What are my options ? 

5) How to look if its a good community or not ? is there a website that I can look with zip code just like neighbourhoodscout.com?

6) what to look for before buying a property ? is there any checklist to see what is good ? 

[Kenneth McKeown]

Quote from @Sagar Ka:

Hey All, I am newbie in Real Estate , I saw a brand new home around 300k in Downtown Dallas area, Is it a good place to invest as a Rental Property ?

1) I know being a baby in the real estate , its really not easy to understand everything. I went on to learn from videos starting from this 

the how it works

2) I asked the agent he said , I would be qualified for FHA loan with 3.5 % downpayment

3) I realized that since its a brand new home and I don't have worry about much repairs and stuff ,since most of the things would come in warranty for at least 1 year 

4) What are my options ? 

5) How to look if its a good community or not ? is there a website that I can look with zip code just like neighbourhoodscout.com?

6) what to look for before buying a property ? is there any checklist to see what is good ? 

 If it's a house and $300k and in "downtown Dallas" you're probably talking south Dallas. And if that's the case I'm going to go with - no. 

1. There are so many videos and podcasts out there. Do exactly that - EDUCATE yourself. Get a mentor. Find an agent who's not just going to throw you into a house for a quick buck.

2. I would speak to a lender to determine what you can qualify for.

3. You should have a 1/2/10 warranty - your agent should know what this is.

4. This is a very broad question. 

5. Don't have the address so can't say but always drive and research the area before ever considering.

6. This is very broad too - it's going to be property by property.