Has anyone found success in the markets just south of Fort Worth like Cleburne? We have found buyers for the area, and realtors are suggesting that it's a hidden gem with everyone moving further away from the city, but it's new still.
Properties just outside of town usually have good square footage (1,500-3,000sf) and land (around an acre), while homes in-town are usually small 6,000-10,000sf lots and house sizes are the typical 1,000-1,500sf.
The rental inventory is extremely low and seems to be a great strategy, but flipping houses seems to be something that is taking off as well. Any thoughts/experience from an investor's point of view?
I've had good success in Cleburn flipping houses. They seem to sell as fast as they do in Arlington. Also Alvarado. Demand is very high there for both rental's and resales.
Good area as well as some of the surrounding smaller cities. I don't see a lot of flips there, but I'm sure there are some...you just have to be on the hunt. Town is moving that way. Some economist say the old 45min drive rule is now the 1.5hr rule if the WFH trend continues and people only have to go to the office 1x or 2x a week. So Cleburne probably meets that factor in many ways.
I just moved to nearby Godley, TX which is really taking off. I go to Cleburne frequently now and it looks like it has potential.
Cleburne has potential. You have to be careful of the houses there, though. We were in one last week that had the roof framed with 2x4s, when based on the spans, it should have been 2x8s or 2x10s. I actually own one in Alvarado that has the same situation. Lots of janky plumbing and electrical, framing shortcuts, etc. in the older homes. Johnson County is pretty much "redneck engineering" central.