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Updated about 14 years ago on . Most recent reply

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Brad Wiley
0
Votes |
8
Posts

Texas market is still a good market

Brad Wiley
Posted

I invest in the Dallas area and people are still buying homes. There are a lot of foreclosures in the area, but that is great for me. I can buy these houses for pennies on the dollar, and flip them for a profit. Most buyer in my market are 1st time home buyers that can not afford to fix up a house.

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234
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32
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Tom NA
  • Real Estate Investor
  • Mountain View, CA
32
Votes |
234
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Tom NA
  • Real Estate Investor
  • Mountain View, CA
Replied

I don't live there so am not as well informed as others but I do believe that you need to watch out for property taxes in Texas. Last time I checked, they were in the 3%+ range which can pretty quickly cut into your expected cash flow if you aren't prepared for it.

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