Dallas, Fort Worth neighborhoods

[Hersh M.]

Hi,

Can people who have expertise in Dallas, Fort Worth, Arlington markets please recommend a few class A/B neighborhoods? I am primarily looking at positive cashflow SFHs.

Currently the markets might be a bit overbought but I am looking from a longer term perspective.

After doing some due diligence, I will also ask for investor friendly realtors and property managers in the area.

Thanks. 

[James Palin]

Hi @Hersh M.,

A large amount of the Dallas suburbs fall into the A/B category and have properties that can be turned into rentals.  A lot of the northern suburbs (Plano, Frisco, Richardson, Carrollton, Lewisville, Flower Mound, etc) have lots of 3/2 starter homes.  The only thing is the Dallas market is hot, supply is short and list prices are high with lots of bids.   Homes in these areas are also high in demand due to the school districts.  This is something that could be to your advantage if you own a home in one of areas since you will rarely have a shortage of a tenant applicants who want to live in these districts.

On another note, neighborhoods with SFRs in Dallas proper such as the M-Streets, Lakewood, Knox-Henderson, Munger, Bishop Arts are in demand as well, but you will see more of the young professional, dual income no children types living in these areas.  These areas attract residents who want more of the urban feel as oppose to the suburban feel.

Hope this helps.  Let me know if you have any further questions.