Breaking COVID19 News
" So , as you have probably figured out , I like to be in my own little arena where no one else is playing or at least very few . I aim for the strategy most investors are not , and buying rentals is one of those ."
So now to what this whole article is really about , and that is going to Markets just outside the major Markets . See I live in what we call here in North Texas as the DFW Market . Over the last several years we went from some 5 plus million people to over 7 million plus . Outside buyers from higher priced markets such as California , New York , etc ... have driven up our prices with all the demand . So , everyone has jumped into the real estate game .
So , as you have probably figured out , I like to be in my own little arena where no one else is playing or at least very few . I aim for the strategy most investors are not , and buying rentals is one of those . Especially if that rental is NEW Construction . Yes , we are starting to do something a lot of Texans in the past just would not do , and that is travel outside our markets like the
Californian Investor has done for years .
Only thing is we don ’ t have to travel that far . You see we have found some really hot markets anywhere from a 30minute drive up to a round 3 hours outside the booming DFW Market . Best of all I ’ m now buying New Construction houses with all the higher end fixtures , flooring , even all brick construction . Best of all they cost less than that 1960 or 1970 home I buy in my backyard that still needs $ 30 to 50k in rehab on top of the purchase price . Even after those houses are rehabbed , they still are older houses .
So , let me tell you this article will be a twopart piece . This first part we will look at some of these new construction properties in these out of the Metroplex market . Yes , they still have a high demand and do cash flow as rentals . In the next issue ( Part 2 ) we will talk about these properties and how to take the standard rental and have the option to turn it into a VRBO , for in many cases you will triple the Cash Flow !
So lets begin with the market where I am buying New Construction for rental only just less than an hour to hour and half outside the DFW Market . By the way we even have a great Property Manager we work with from our real estate club who can manage them .
What I ’ m purchasing are properties that are typically 21 or 22 brick houses with all the highend fixtures and flooring and even include the stainless steel or black appliances . These properties are smaller but there is a demand for the price point as a rental and even as a resale later .
107