New Investor in DFW – Starting with a Build-to-Rent

[Robert Wadsworth]

Hey everyone,
I’m new to real estate investing and just getting started here in Dallas. My first project is a build-to-rent in Burleson, and I’m excited to see it come together.

I’m here to learn from others who’ve been through the process—especially anyone who’s built and rented out new construction in the DFW area. I’d also love to connect with local investors, builders, and property managers who know the market well.

Looking forward to learning from this community and sharing my progress along the way!

[Bruce Lynn]

Are you building your own or buying from a builder.

From what I see BTR is not a good strategy for the most part in DFW.  Prices was too high and rents way too low.  Too many people think they will be maintenance free for years to come because they are new.  In reality today's products are often cheaply made and will need regular repair, maintenance, and replacement.  For example on older homes with Trane, Carrier, Rheam AC units I've seen those last for 40 years.  Same with old water heaters.  In today's world, builders often will put in the cheapest products they can find that might last 6-8 years.   Builders often will put on cheap 3 tab roofs, vs a 30-40 year architectural shingle roof.

Also way too many of the newer neighborhoods have HOAs and rental restrictions that prohibit or severly restrict rentals.  That can be a real headache and deal killer for investors buying new construction.  Even if they do allow rentals, some later will attempt to impose restrictions and that is never a fun situation to be in.

Just some things to think about.