Now were Movin’ on up

[Matt Bishop]

I currently have 15 Single Family Homes around Dallas-Ft Worth area and my average rent is only about 1/2percent of Fair Market Value ( $400,000 house) rents for about $2,000/month. If I buy a more expensive house, $900,000 plus, I can get about $9,000/month rent. Also it seems high end houses appreciate faster than lower price houses. I’m asking for thoughts and opinions. I know, numerically, it’s the right direction but are there any reasons to stay in the lower end market?