Dallas Realtors

[Karla Talancon]

Hey guys, I am looking for a motivated realtor that can work with an investor. I am looking for single family homes in the northern Dallas area. Looking for a 1% around 200k and below. Not in a flood zone. Is this still achievable in Dallas, Plano, Frisco, MCKinney areas? Don't mind fixer uppers as long as they maintain the 1 percent rule. Thanks

[Curt Riffel]

Not helpful to you at all, but I live in Richardson. I don't look for deals but I peruse the Zillow. I don't see anything around here either that would meet the 1% rule. On top of that the RE taxes are around 2.6%. I'm not sure how an investor would plan to buy a house at today's market rate and rent it out to barely cover the mortgage, taxes and insurance. Very little margin here, I feel the rental rates are suppressed. You would definitely have to find a deal and/or do some rehab. This sounds really negative, but I feel the people successful in the N Dallas rental market have owned the homes for more than 2 years when the home prices were 25-35% less. You can buy for appreciation, but be wary of bubbles.