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Updated about 7 years ago on . Most recent reply

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Will Coleman
  • Lender
  • Knoxville, TN
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Best places to buy in DFW specifically for corporate rentals

Will Coleman
  • Lender
  • Knoxville, TN
Posted

Howdy all, 

I am looking to purchase a townhouse/condo or a small small single family rental in the DFW area around $150k. I would purchase this with the game plan of renting out to corporate rentals. I am trying to identify three markets that would have a strong demand for corporate rentals due to hospitals or entertainment etc. I have identified Arlington currently but I was curious if the great people of BP had any recommendations. Thanks in advance! 

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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Replied

Hospitals, refineries & universities.  Look on Dallas Craigslist and see where and to who the majority of STRs are marketed.  Try to provide something better than what you see the competition doing.  If you can't do it, the market is already saturated.  You might want to look at Borger TX, there is a refinery there.

Disclaimer: I'm biased towards refineries. 

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