All Forum Posts by: Kent Ford
Kent Ford has started 46 posts and replied 98 times.
Post: How Are High Interest Rates Impacting Texas Homebuyers Today?
- Posts 100
- Votes 15
As interest rates climb, how are Texas buyers adjusting their strategies to secure property? Are buyers leaning toward creative financing, or are there other trends you’ve noticed shaping the market?
Post: Texas Real Estate Markets: Booming or Overheated?
- Posts 100
- Votes 15
Quote from @Julia Lyrberg:
As someone living in Austin, I’d recommend looking elsewhere. It’s a great city and still appealing for people moving in, but there’s a big oversupply right now in terms of housing (rents dropped by 8% last year). Prices are getting close to California levels and it might be difficult to find tenants with all the competition out there. I'd suggest looking into the Dallas/Forth Worth area instead.
I appreciate your insights on Austin! It sounds like the oversupply is really affecting the market there, and with rents dropping by 8%, it might be tricky for investors to secure solid returns in the short term. I’m curious, what do you think are the long-term prospects for Austin—especially with the tech industry’s presence? Do you see it bouncing back anytime soon?
I’ll definitely look into the Dallas/Fort Worth area as you suggested. Have you had experience investing there, and if so, what’s your take on the current trends in that market?
Post: Is the Texas Housing Market Still a Buyer’s Paradise in 2024?
- Posts 100
- Votes 15
Quote from @Joe S.:
Quote from @John Morgan:
Quote from @Kent Ford:
Quote from @John Morgan:
@Kent Ford
I've got 18 SFR in the DFW area. Property taxes and insurance have gone up on average of $100 year after year. Some of my properties insurance and taxes go up over $200 every year. And I'm in the affordable/cheaper C+ class hoods with rent in the 1800-$2200 range. I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out. Just factor that in your numbers. And expect insurance to keep sky rocketing due to all these storms.
Thanks for sharing your experience! It's definitely tough when taxes and insurance keep rising, especially with tenants already feeling the strain. Have you explored any strategies for managing these cost increases without placing too much burden on your tenants? Maybe creative financing options or shifting property classes could help ease the pressure. Curious to hear how others in the DFW area are handling this too!
I’m mainly focused on fix-and-flip projects at the moment, so managing properties isn’t something I’m actively pursuing right now. That said, I’m not completely closing the door on it. I’ll ask around with colleagues and friends to see if anyone might be interested in property management. We’d love to stay in touch with you!
Post: The Urban vs. Suburban Debate: Where Are Buyers Investing in Texas?
- Posts 100
- Votes 15
Quote from @Jay Thomas:
Hey Kent! Right now in Texas, we're seeing a lot of demand in both areas, but suburban spots around Houston and Dallas are especially hot due to affordability, space, and work-from-home flexibility. Urban areas like Austin still attract buyers for the lifestyle and tech-driven job market.I believe more buyers will lean towards the suburban areas because of interest rates and getting more for their money.
You’re absolutely right that there’s demand in both urban and suburban markets in Texas. With suburban spots around Houston and Dallas gaining traction for affordability and space, how do you think the trend will evolve if interest rates continue to rise? Do you see urban areas like Austin losing their appeal or is there still enough draw from tech jobs and lifestyle to keep that market strong? Would love to hear your thoughts!
Post: Texas Real Estate Markets: Booming or Overheated?
- Posts 100
- Votes 15
With Texas leading the nation in population growth, many are calling it the hottest market for real estate investors. But with prices rising in cities like Austin, Dallas, and Houston, do you think the market is still a smart investment or is it getting too expensive for returns? How do you decide which Texas cities to invest in?
Post: Sell Your Home Fast with Kingdom First Properties LLC!
- Posts 100
- Votes 15
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Post: Is the Texas Housing Market Still a Buyer’s Paradise in 2024?
- Posts 100
- Votes 15
With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing emerge as the new buyer hotspots?
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Post: Is the Texas Housing Market Still a Buyer’s Paradise in 2024?
- Posts 100
- Votes 15
Quote from @John Morgan:
@Kent Ford
I've got 18 SFR in the DFW area. Property taxes and insurance have gone up on average of $100 year after year. Some of my properties insurance and taxes go up over $200 every year. And I'm in the affordable/cheaper C+ class hoods with rent in the 1800-$2200 range. I try to pass that onto my tenants, but most are struggling with their rent as is since inflation/cost of living over the past few years have wiped them out. Just factor that in your numbers. And expect insurance to keep sky rocketing due to all these storms.
Thanks for sharing your experience! It's definitely tough when taxes and insurance keep rising, especially with tenants already feeling the strain. Have you explored any strategies for managing these cost increases without placing too much burden on your tenants? Maybe creative financing options or shifting property classes could help ease the pressure. Curious to hear how others in the DFW area are handling this too!
Post: Is the Texas Housing Market Still a Buyer’s Paradise in 2024?
- Posts 100
- Votes 15
Quote from @Kevin Guerin:
Investors should always look to invest in markets that have population growth, and not where people are fleeing. Texas leads the nation in that category.
See article from the US Census about growth and population decline:
https://www.census.gov/newsroom/press-releases/2023/population-trends-return-to-pre-pandemic-norms.html#:~:text=Texas%20experienced%20the%20largest%20numeric,%25%2C%20respectively%2C%20in%202023.
Absolutely, population growth is a key indicator for real estate investing! With Texas consistently leading in population growth, it's no wonder it's a hotspot for investors. Which specific areas or cities in Texas are you most interested in exploring for opportunities? It would be great to discuss how these population trends could impact real estate dynamics in those regions.