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Updated over 5 years ago on . Most recent reply

User Stats

17
Posts
7
Votes
Rik Chatterjee
  • Rental Property Investor
  • Phoenix, AZ
7
Votes |
17
Posts

East Dallas area for investment

Rik Chatterjee
  • Rental Property Investor
  • Phoenix, AZ
Posted

I found a 1980's property for sale in the Old East Dallas area that is showing some good numbers, but am not sure about the area. It is near Ross Ave and Bennett Ave.

I am new in multifamily investing, and wanted to seek advise from the gurus on out-of-state investment. What should I be aware of. I am new to Dallas market as well.

Most Popular Reply

User Stats

149
Posts
127
Votes
Louis Jeffries
  • Lender
  • Chicago, IL
127
Votes |
149
Posts
Louis Jeffries
  • Lender
  • Chicago, IL
Replied

@Rik Chatterjee

The key to Multifamily Investing is the property and the property management. Whether in town or out of town the property should be in a stable - desirable area, without a lot of crime and good numbers plus good property management. The Management make the deal and their insight is very important. I would find a good property manager first.

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