The days of buying property in DFW for 65-70% minus repairs are over. What percentage are investors buying throughout the Metroplex?
We are currently seeing a big swing to investors calculating an acceptable dollar amount for NET profit and not necessarily purchasing on a set percentage. For example, if a house needs a true $5,000 in rehab, and the days on market are super low in the neighborhood, investors would be looking to make a quick and easy $10,000 on a house rather than purchase it at a certain percentage.
SW Fort Worth 75-79%
Keller / Grapevine 75-83%
Arlington /Grand Prairie 76-80%
North Dallas High End 78-82%
Cedar Hill/ DeSoto Rental 20k equity
Kesler Park High End 81-84% or 20k
M-Streets 82-84%
Richardson 82-87% rental
Plano 15k profit
What are your thoughts on these markets and others such as Denton, Frisco, Lewisville, Little Elm, Flower Mound, South Oak Cliff, Seagoville, Arlington Heights etc...