Is Dallas, Texas area a good start for a beginner to buy a duplex?

[Kobe Carr]

Looking to get started with real-estate and would Dallas Texas be a good start for a beginner 

[Jay Hurst]

Quote from @Kobe Carr:

Looking to get started with real-estate and would Dallas Texas be a good start for a beginner 

 Where do you live?

[Kobe Carr]

Currently i live in Montana put I'm planning to move down to Texas within one year.  

[Aristotle Kumpis]

I work with several builders around the Dallas and North Texas markets. We have brand new duplex's starting at $285K. 

[Preston Dean]

Hi @Kobe Carr 

I am a realtor here in the DFW. I'll send you a message

[Ronnie Reyes]

@Aristotle Kumpis send me more info on these duplex

[Bruce Lynn]

I think this area of DFW is as good as any place in the country.  I guess it always depends on how much money you have, what you want to buy and what your strategy is.  When you look at job growth and population growth, it looks positive to me.

[Bruce Lynn]

@Aristotle Kumpis  Put me on your list.  Very interested in $285,000 duplexes.  Most I see now are double that.

[Aristotle Kumpis]

Quote from @Bruce Lynn:

@Aristotle Kumpis  Put me on your list.  Very interested in $285,000 duplexes.  Most I see now are double that.

Hi Bruce. I'd be happy to. But I do work with a broker in Dallas, so that will be a conflict of interest. They require you to sign an exclusive agreement with them.

[Aristotle Kumpis]

Quote from @Ronnie Reyes:

@Aristotle Kumpis send me more info on these duplex

Hi Ronnie. Send me a message so we can connect. Thanks.

[Jay Hurst]

Quote from @Kobe Carr:

Currently i live in Montana put I'm planning to move down to Texas within one year.  

 If you are planning on living in Dallas, then yes, it would be a great place to invest. I am just not always a proponent of newbies investing out of their own market. To many unknowns, and often does not work out well for the investor.  

[Bruce Lynn]

Could you put me in touch with that Broker, I'm an agent/Broker too, so would represent myself or my clients.  No conflict here.  Or just give me an address and we can check it out.

[Kobe Carr]

Quote from @Jay Hurst:

Quote from @Kobe Carr:

Currently i live in Montana put I'm planning to move down to Texas within one year.  

 If you are planning on living in Dallas, then yes, it would be a great place to invest. I am just not always a proponent of newbies investing out of their own market. To many unknowns, and often does not work out well for the investor.  

 yes i am planning on living in Dallas

[Kyle Pashen]

I am an agent for investors in DFW. I specialize in off-market distressed single family homes and smaller multifamily (duplexes, triplexes). I think DFW is one of the best markets to get started in Real Estate. If you are looking for rental income, you may have better luck finding cashflowing properties on the westside of town (Fort Worth, Arlington) due to the higher price/rent ratio. Dallas has similar rents to Fort Worth, but prices are much much higher, resulting in a lower cashflow. 

I'd love to connect with you and hear more about your strategy!

[Lucia Rushton]

@Aristotle Kumpis that’s great. Are you licensed in Texas or are these off market properties ? Which specific cities are these new builds ? Thanks

[Aristotle Kumpis]

Quote from @Lucia Rushton:

@Aristotle Kumpis that’s great. Are you licensed in Texas or are these off market properties ? Which specific cities are these new builds ? Thanks

Hi Lucia. I am licensed in California, but work with a broker in Plano. We work with several small builders in Sherman, Denison, and Greenville.

[Jay Hurst]

Quote from @Aristotle Kumpis:

Quote from @Lucia Rushton:

@Aristotle Kumpis that’s great. Are you licensed in Texas or are these off market properties ? Which specific cities are these new builds ? Thanks

Hi Lucia. I am licensed in California, but work with a broker in Plano. We work with several small builders in Sherman, Denison, and Greenville.

 As someone who lives in Dallas proper, and gets good natured annoyed when some one who lives in Plano says they live in "Dallas" they places you mentioned would make folks who live in Prosper blush (40 miles from Dallas) blush. Those are 50 plus miles away from Dallas. Just nit picking. 

[Gino Barbaro]

@Kobe Carr

It's one of the largest markets in the US, and if it's your backyard, then I would defintely start there

Gino

[Alecia Loveless]

@Kobe Carr Please pay extra close attention to the property taxes on anything you buy in Texas. If it’s not new built construction look at the taxes going back several years.

My family owns a portfolio in the DFW metroplex and has seen the property taxes go up by 150%+ over the past years. Many of the towns are having to improve infrastructure due to the quickly growing population.

My family sees no end in sight to this trend and it has destroyed all of the cash flow they once received.

Just do your due diligence and be aware of what’s going on.

[Justin Lanciault]

Quote from @Kobe Carr:

Looking to get started with real-estate and would Dallas Texas be a good start for a beginner 

 I have a sfh in Fort Worth, beware your property taxes. Also, most people in Texas confuse semi-detached homes with duplexes so make sure what you are looking at actually has two units.

[Sylvia Santelli]

2-4 units are not that common, but builders are building them more now. If you come across one, especially a new build, that could be a great house hack. As a market, Dallas is still growing rapidly. As others have said watch out for property taxes and home insurance too. 

[Wale Lawal]

@Kobe Carr

Dallas offers benefits for first-time real estate investors, including a growing economy, diverse property types, affordable suburbs, landlord-friendly laws, and strong rent demand. However, high property taxes and rising values can pose challenges. To start, set investment goals, analyze properties, focus on emerging neighborhoods and budget wisely. Build a team of real estate agents, lenders, and property managers, and start small with a single-family home or duplex.

Good luck!

[Kristin Flores-Brockman]

Like everyone else says, yes, Dallas is a good market but there so many facts to consider.

1. What's your strategy?

2. Location- Dallas is big city but there are so many sub-markets. As a newbie to investing and Dallas (or DFW) it's important to know the area

3. Pay attention to the property taxes. 

Let me know if you have any questions, I am happy to help.

[Dan Niazi]

Dallas is a great market with its strong job growth and rental demand. Focus on researching neighborhoods with good rental potential, and consider FHA loans if you plan to live in one unit.