Investing in DFW

[Amy Weaver]

Hello all!

My husband and I are new to BP and rental property investing. We are interested in purchasing single-family homes.

We have driven through South Dallas (Fair Park area) and noticed a lot of gentrification happening. Is it worth investing? Or should we look in other areas of DFW? 

Also interested in getting involved to learn more about this area and investing.

Any and all advice would be appreciated, TIA!

[Bruce Lynn]

Fair Park is not for the faint of heart.  You may get better returns there, but also have more headaches.  One of my criteria for investing is not to buy in any area where I would not feel comfortable sending my wife to collect rent in the dark.  

Everyone has different comfort levels of what and where they buy, so you just have to decide what's best for you.

Typically I say go north....north of McKinney, or draw a circle around DFW and invest on the outskirts of that circle.  That's typically where you'll find a nice combination of the better school districts, sales prices, and rent prices.