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Message
re: Need Dallas real estate advice
Posted on 7/1/19 at 9:47 am to fareplay
Posted on 7/1/19 at 9:47 am to fareplay
Aside from the fact that finding a $250k home in Dallas is far-fetched, it seems like a terrible investment in your particular case. You're not going to be local which means you need a management company and that will eat into any money you make.
Why not move out of state and buy a house for yourself? I assume you're a software engineer or similar. Plenty of places will let you work remote while paying damn near CA wages (speaking from experience).
Getting out of SF was the best thing we ever did.
Why not move out of state and buy a house for yourself? I assume you're a software engineer or similar. Plenty of places will let you work remote while paying damn near CA wages (speaking from experience).
Getting out of SF was the best thing we ever did.
This post was edited on 7/1/19 at 9:49 am
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Posted on 7/1/19 at 9:48 am to 50_Tiger
Is Dallas still a hot market? I thought job market was pretty hot and expected to be hotter
Posted on 7/1/19 at 9:48 am to TH03
I know of a few flips that have done well on the bad/Love side of Inwood
Posted on 7/1/19 at 9:48 am to fareplay
quote:
My wife and I live in the Bay Area
Lavaca Bay?
Posted on 7/1/19 at 9:49 am to fareplay
quote:
Is Dallas still a hot market? I thought job market was pretty hot and expected to be hotter
That's irrelevant if homes are rising as high or higher than the job market.
Not a single person in this thread has said this is a good idea, take their advice.
This post was edited on 7/1/19 at 9:49 am
Posted on 7/1/19 at 9:49 am to fareplay
quote:
Is Dallas still a hot market? I thought job market was pretty hot and expected to be hotter
Not as hot as it was a year ago.
You could put a 180k home on Zillow and within a week have a bunch of retards offering close to 300k for it.
That F500 money has already cycled through.
Now if Amazon had built HQ2 here? We would all be fricked.
Posted on 7/1/19 at 9:50 am to Mingo Was His NameO
Isn’t the advice bad if I was managing it? My parents live in Dallas so if location is no longer an issue, would it still be bad?
If not, I guess it is what it is
If not, I guess it is what it is
This post was edited on 7/1/19 at 9:51 am
Posted on 7/1/19 at 9:54 am to fareplay
quote:
how is the rental viability for a 250k house in Dallas?
Depending on where, I'd say pretty high. The house we rented in grapevine shows it's worth around 250k. We paid 1500 a month for it, i think. Pretty ridiculous to me. It was like that in most ares this side of Dallas.
This post was edited on 7/1/19 at 10:12 am
Posted on 7/1/19 at 9:54 am to fareplay
quote:
My parents live in Dallas so if location is no longer an issue, would it still be bad?
In almost any scenario, yes
Posted on 7/1/19 at 10:09 am to fareplay
Do you really think you can profit over 200k quickly on a rent house in a market over 1700 miles from where you live, that you have no idea about and you are going to have to force your parents to be the landlord ?
You definitely need a better plan.
You definitely need a better plan.
Posted on 7/1/19 at 10:12 am to fareplay
quote:
I can go up to 300k
That's not going to help you very much. You're looking at 400+ unless you want to buy in a shite neighborhood.
Posted on 7/1/19 at 10:13 am to fareplay
How about leave the Bay Area dumbass 
Posted on 7/1/19 at 10:16 am to YungFO
quote:
That's not going to help you very much. You're looking at 400+ unless you want to buy in a shite neighborhood.
Eh, that's not really true. There's some nicer older neighborhoods that have homes for 300-350. They won't be completely updated, but as a rental that's not something you're looking for anyway.
Posted on 7/1/19 at 10:16 am to fareplay
I would buy in a college town quite honestly. College Station and San Marcos would be the places I’d be looking to spend money on rental properties.
Posted on 7/1/19 at 10:19 am to fareplay
It will get you a house in the suburbs but people won’t be as demanding to rent it as they would go just buy their own. It would get you a lot in the M Streets, but the house would be a tear down.
Posted on 7/1/19 at 10:19 am to DarthRebel
I thought of this for the first few years but now I don’t think I can leave
Posted on 7/1/19 at 10:39 am to 50_Tiger
quote:
250k should still fetch you a 2k-2.2k a month payment in a desireable area.
Thread hijack - I'm moving to Dallas in 1 year and will be there for 2 years. Obviously renting and need to stay withing 20 minutes of the medical center/UT Southwestern. Need somewhere for me, the Mrs., our son and 2 dogs. Preferably 3bd/2bth with a yard.
How much am I looking at spending and what parts of town should I be targeting? I've been cruising realtor rentals and zillow and options look pretty limited under $2k/month.
Posted on 7/1/19 at 10:42 am to The Last Coco
Baw that hospital is right in the middle of the gayborhood.
Not only that, you are close to the absolute most expensive part of Dallas proper and also close to the cheapest depending on the street
3bd/2bth in a safe area will run you over 2.5k
Not only that, you are close to the absolute most expensive part of Dallas proper and also close to the cheapest depending on the street
3bd/2bth in a safe area will run you over 2.5k
Posted on 7/1/19 at 10:42 am to The Last Coco
Renting a 3 BR/ 2 BA with a yard within 20 min of the medical district could get very pricey (like $3,500 + a month pricey). If you’re willing to live further you will get much better rates.
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