With over 40,000 units on the market in the Dallas-Ft. Worth area, finding the right Dallas investment home can be a difficult task. Many investors simply look at price points in order to evaluate their deals, which can often lead to aninvestment home product that is not desirable to tenants. For optimal efficiency, someone trying to comb through the sea of deals should develop a criteria for evaluating property. In doing so, you can apply filters to MLS searches or provide your Dallas real estate broker with some direction so he or she can assist you in finding the perfect deal.
Great investment property Dallas has to offer tenants seems to look something like the following.
- 3 bedrooms
- 2 bathrooms
- Newer homes 1990's or new is great, but try to stay above 1978 (no lead based paint)
- Car storage (2 car garage preferred)
This should help you narrow the numbers to a manageable basket of homes to look at. For a quick shortcut, work with a company that does this for you.
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