Hello, We're looking to invest in real estate (single-family and multi-family rental) in the Dallas/Fort Worth area. Amongst these we're considering a single-family-home (new construction) in the Stop Six neighborhood near Fort Worth. Would love to hear thoughts on this area (is it really improving? what kind of retail has moved in? etc), and also thoughts on other nearby B / improving C neighborhoods you think it'd be worth looking into as well for investment. Many thanks!
City of Fort Worth has a big improvement plan for the area:
Someone else posted on this recently so you might check that thread out. Bottom line is that you really need to drive the area, particularly at night, before you invest. There's lots of buzz about the area and some new construction, but I'm not seeing the explosive growth/improvement everyone else is. Do not rely simply on internet research to assess.
Well since I moved here it as improved, mainly the roads, that’s what you have to have 1st, (I drive trucks) so I know roads lol
But I’m looking into what the have going on, the apartment complex they talking about knocking down, that’ll get people looking at the area real hard, like what are they going to put in lace of of???? More new improve apartments who knows!!!
The Stop Six area has been one of the hot areas for investors for years. There is plenty of work to do in this area, and over time it will improve. It does remain one of the high crime areas, and you need to consider the type of people you will be dealing with that live in this area. Not saying they are bad, just a different mentality from an investor. Easier area to work if you are accumulating buy-and-hold, a little more difficult for flipping unless you owner finance.