Anyone investing in 76012 - Arlington
Hello,
Is there anyone on bp investing in 76012?. I have couple of duplexes near the Village Condominiums rented to section 8 tenants making over 1% rent. I bought them early this year and luckily inherited decent long term tenants and have not had any problems yet. I have been offered another duplex in the same street as mine at 132k and can potentially rent at 1.5k. These duplexes sell very fast when it hits the market,rents very quick and seems to be very desired for investors/renters. But there are lot of Section 8 tenants and im concerned about investing more in that area.
Im a newbie investor looking to have a mix of cash-flow and appreciating assets and have few questions.
Would you call this C or a D area?.
Does this price to rent ratio makes sense for the area?.
Would you buy a property in that area?.