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Updated almost 5 years ago on . Most recent reply

Sean Ray's profile image
Sean Ray's profile image
Sean Ray
  • Real Estate Agent
  • from Dallas, Texas
  • Member since Jul 24, 2016
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Sean Ray's profile image
Sean Ray's profile image
Sean Ray
  • Real Estate Agent
  • from Dallas, Texas
  • Member since Jul 24, 2016
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Sean Ray
  • Real Estate Agent
  • Dallas, TX
10
Votes |
25
Posts
Buying & Selling Real Estate

Am I Crazy? The 1% Rule seems impossible in Dallas. Am I wrong??

Sean Ray
  • Real Estate Agent
  • Dallas, TX
Posted

I look up deals all the time in Dallas and I have found properties that can cash flow but renting a home for 1% of the purchase price seems nuts. That would mean you buy a decent place for $100sqft and rent it for $1sqft. 

Where is that at? No I don't want to invest in other markets or buy homes that are in low income areas. I am doing this part time and don't want the head ache of a property that is on it's last leg.

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Jon Q.'s profile image
Jon Q.'s profile image
Jon Q.
  • Investor
  • from Berkeley, CA
  • Member since Jul 28, 2015
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Jon Q.'s profile image
Jon Q.'s profile image
Jon Q.
  • Investor
  • from Berkeley, CA
  • Member since Jul 28, 2015
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Jon Q.
  • Investor
  • Berkeley, CA
713
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1,469
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Jon Q.
  • Investor
  • Berkeley, CA
Replied

It's time to sell in Dallas. Not buy...

http://augustafreepress.com/texas-real-estate-undergoing-hottest-season-date/

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