Fort Worth, TX · Member since 2019 · 56 posts · 19 votes
Hi all! While driving through River Oaks a few times, I'm noticing some new custom construction in the old run down neighborhoods. However I'm not seeing any changes in the commercial side around the neighborhoods, but its relatively close to all the nice areas of Fort Worth anyways. Has anyone analyzed this area for potential investing?
I like the area myself and have for years. The prices often seem better than other areas. The location is awesome, and the schools are good. The problem is I think no one knows about the area. For example when people search for properties or rentals they'll probably put in Ft. Worth, not River Oaks, and I think that can keep prices down for both sales and rentals.
Just seems ripe for gentrification or good solid rentals....but I think you have to have good resources in the area or some way to draw people in...
Drive down Inspiration Lane for example. Awesome views....maybe some of the best in the Metroplex.
I like the area myself and have for years. The prices often seem better than other areas. The location is awesome, and the schools are good. The problem is I think no one knows about the area. For example when people search for properties or rentals they'll probably put in Ft. Worth, not River Oaks, and I think that can keep prices down for both sales and rentals.
Just seems ripe for gentrification or good solid rentals....but I think you have to have good resources in the area or some way to draw people in...
Drive down Inspiration Lane for example. Awesome views....maybe some of the best in the Metroplex.
There's a few places on the outskirts of Ft. Worth and Dallas that are becoming like this. Lot's of growth of new properties! There's even some townhomes being built in Roanoke for example. I'll have to check out the River Oaks area. It looks and sounds nice! What other areas do you like?
I feel like I need to analyze more areas before I answer haha. I’m curious about everything in between Roanoke and Fort Worth. Keller, Haslet, Watauga, Helton City...
@Travis Fairbairn I like the River Oaks area more as rentals. If that is your strategy. You are right, Castleberry ISD is a downside to the area. I say this as one of the founding members of the Castleberry ISD Education Foundation. The district is impoverished and every school in the district is on Title 1 funds. That all being said, it is great for rentals and so-so for flips.
I’ve spent the last decade living in Roanoke! I love Roanoke, it’s my adopted home town. But those townhomes off the Oak St are expensive.
They are. But they're nice looking! If they had a pool they'd be ideal. Not that Hawaiian Falls is far away but still... Need a pool at a nice place like that in DFW.
River Oaks isn't necessarily up and coming compared to certain neighborhoods of Fort Worth, but it is an area with plenty of long-term tenants and working class citizens. Rentals and owner finance homes would do well, and I would assume Section 8 housing would be another great strategy to explore. I would love to connect and discuss more though.
When I saw the words "River Oaks" I immediately wondered what Section 8 housing would be in River Oaks, and then remembered that was the ritzy part of Houston, not DFW. How funny that Turtle Creek in Houston (at least when I lived there) was kind of an undesirable part of town and ritzy in Dallas, and same for River Oaks ritzy Houston and much more modest Dallas! Those two cities really try to be opposites, don't they?