Homes For Rent In Dallas Tx

Generating Positive Cash Flow from Rental Properties

Couple years back a friend of mine bought a property in the Dallas Fort Worth (DFW) area in Texas.

This was his first home purchase, and it was a good one.  He bought a an older 1,800 square foot 3 bedroom 2 bath house for under $100 a square foot near the downtown area.

Wow I reacted, and I knew that I wanted to look into TX real estate at some point down the road.  If you have been following my blog you may know that I like to take my earnings from my various websites and invest them in real estate .

Generating positive cash flow from rental properties is one of my favorite hobbies. I have been investing since the early 2000s.  The new Dallas story just gave me yet another reason to get excited about it in a new way.

So I started traveling, researching properties within the DFW area to learn the various communities and study the local real estate market.  I started to establish contacts with local real estate agents, attorneys and tax accountants.

Fast forward a couple years, I am now ready to make my first investment property purchase in the Dallas, Texas area.

The real estate industry is a unique one in that it is very much localized.  Property and rent values in one area can be drastically different from another one just a mile away.

For example, anyone can purchase a property in Detroit for $5,000, or even less. This is a microcosm of what has happened to the state of Michigan as a whole.  A condominium that sold for $140,000 in one of the more affluent areas in the state is today selling for $60,000.

However, drive down to Ann Arbor, Michigan just 20 miles Southwest and property values have held their own. In fact, some areas of A2 have appreciated even through the down market in the last few years.

Ann Arbor is a country of its own, and therefore an economy of its own.  It is home to several well know company headquarters such as Borders, Dominos pizza, the Google Adwords program and previously home to Pfizer.  It’s a huge talent farm thanks to the University of Michigan , which one can argue single handedly runs the city.

But this post is not about Ann Arbor, so let me share with you what I’ve learned about rental property investment, generally as well as specifically as it pertains to the Dallas, Texas area.

There are several reasons that attracted me to the Dallas area for my next investment property purchase. Of all the reasons, stability and predictability were likely the most influential factors.

Congressional Record

Professional builder, apartment business

Stone & Webster journal

Dallas, TX:, Cool Stuff Every Kid Should Know

Texas houses built by the book, the use of published designs, 1850-1925