Investing in Fort worth or Dallas?

[Mary Gansallo]

Hi everyone!

Im looking to invest in my first home as an owner-occupant in Texas. Im new to the area and to real estate and really trying to figure out which area would be the best to invest in? My plan is to find a 3b 2ba home and rent out the other two rooms for sometime. My budget is about 200k. Eventually, I would like to rent out the entire home and move on to a next property. I have been looking specifically at the Arlington area of Dallas, and east of Fort Worth, close to Arlington.  And the southwestern area of fort worth near the fort worth zoo.

Im open to all advice!!!

[Jibran Najmi]

 @Mary Gansallo

Congratulations of your decision to invest and welcome to DFW!  (I think, your profile says College Park, Maryland).  I think that your criterion is definitely doable, you just have to be prepared to move fast.  One of the things we are seeing is that many properties are under contract in under 3-5 days of being listed.  While there are new properties coming on to the market everyday, staying on top of active listings is key.  Also, when making an offer, if possible all cash offers are the most attractive (of course this isn't always possible), with a significant earnest money deposit.

I actually think Arlington/Tarrant county is the best place in DFW to invest as you aren't competing with every person trying to live in Plano/Frisco, and the direction of growth is definitely headed towards South Arlington/Mansfield.

If I can answer more questions or help, please don't hesitate to reach out!

Jibran Najmi