Dallas Neighborhoods B/C Class Unpacked.

[Denise MacDonald]

Hi BB Forum,

We are interested to learn and get input on B/C class neighborhoods in Dallas where we can action the following:

- Wholesale (Stage 1)

- Fix/Flip (Stage 2)

- BRRRR (Stage 2)

- Buy/Hold (Stage 3)

We are out of state investors looking at the best market/neighborhoods to have longevity in. Would really like any insights you all may have on the potential (if you have worked in them) in these markets and if you feel there is opportunity in all 4 stages of our strategy. If so, what neighborhoods do you think have most potential? We are looking at B/C class neighborhoods where there are investors flipping and there is some room for growth. Also, if you are a potential buyer, it would be very interesting to hear from you.

We are working with a coach and have great tools for moving forward and really excited to get cranking. Just wanted to get a pulse from this amazing community on market potenital in Dallas and specific neighborhoods, etc.

As a side note, if you work in Dallas as a cash buyer, investor, title company, realtor, property manager and are investor friendly, feel free to reach out!

All the best to you all and your journeys.

Denise & Joanna

[Bob Stevens]

WHY Dallas? My understanding is that its very expensive and if you are lucky, you will get maybe 2, 4% a year 

BTW do you have about 300 -500k in cash? 

[Scott Mac]

 Dallas MMA is huge.

I mean really huge.

It's bigger than Rhode Island and Connecticut combined.

It's bigger than New Jersey.

You might want to research the area a little more and narrow down a geographical region within Dallas.

You're asking a very granular question on an enormous amount of real estate space.

I wouldn't even know how many neighborhoods are in Dallas MMA, there must be tons and tons of them compared to other cities.

In some areas the roads are filled with Bentleys and Rolls Royces.

In other areas you have to post a guard on your car to keep someone from sliding underneath with a hack saw and cutting the catalytic converter off.

Good Luck!

https://www.nbcdfw.com/news/local/catalytic-converter-thieves-targeting-certain-vehicles-as-thefts-increase/3061977/

[Bruce Lynn]

I'd look at Sherman/Denison which is about 45 minutes north of the main DFW metroplex.  High growth area with many demand drivers and still plenty of homes to rehab.  

Plenty of competition in the area as with all areas, but you potentially can find opportunity here.

I might also look at someplace like Decatur, Azle, Springtown.  This is area north and northwest of Ft. Worth.   Also on the edge of growth, but everything has not gone crazy yet.

[Denise MacDonald]

@Scott Mac I realize that, but most investors and realtors I know in other markets have their finger on the pulse in their city and/or state and know or have an incling as to what neighborhoods are going to pop or likely have the best upswing.  I have done some research and reached out to my network and recieved some recommendations, but I feel like this community is active daily. so up to date stats and knowledge would be valid to consider also. Thank you for your views. 

@Bruce LynnThank you for your input! You provide a great list for me to continue researching.  I really appreciate you for doing that and providing your rational.