I can’t say that I am to surprised, but it is worth noting that Business Week ranked Dallas Fort Worth Real Estate as being the most cost effective investment area. If you can afford to leverage yourself into properties as a rental investment, DFW is a fantastic market. In just the last few years we have seen significant increases of foreign investment within the local market. By foreign I mean places like California, Arizona, Nevada, and Hawaii. It becomes a logical move not only as wise investors realize that their local markets are overvalued, but also as they realized gains from those markets pre-collapse, and sought undervalued properties.
Still though, you don’t have to be from Arizona to invest in DFW. Rates coming down is certainly assisting anyone looking to invest. Property values also tend toward favoring the buyers, and it may be a more attractive vehicle than the equity markets. Consider for a moment that the median rent in DFW is $720.00 while the Median Unit price is $30,000.00. These are exceptionally favorable numbers for investment. The vacancy rates locally are only about 7.6%, and we could expect any declines to flatten out as we head into 2010. All in all there is something to be said for the ability to cashflow a note and slowly build equity at the same time; any reasonable investor could expect to have profited nicely by the time the market returns to normal.
April 23rd, 2009 at
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor