Will Dallas High-speed train affect market?

[Stephanie Trotter]

 Hello  i'm currently interested wholesales.   Have any of you heard about the plans for the high-speed bullet train in Dallas off of 45?  If so, how do you all think it will affect the market for that area?  I talked to one home owner today  and his mindset is wanting top dollar on a low value home.  Understood why he was asking for this price  since he thinks his property will be used in the planning of building this train,  but  after doing my research, I don't think it would actually affect his property.  Or how do I know this train will add value? It could decrease his value, right? 

 I have been trying to do my research and map out where this train will be but its kind of difficult to tell if it will even interfer with the neighborhoods.  If you have any information about the train plans?

 Thanks. 

[Kelcey Land]

@Stephanie Trotter If you aren't seeing the value, a flipper will likely have a hard time as well. You would be gambling on appreciation, and that is speculation. As an investor that has flipped a couple of houses, I can tell you I never gambled on appreciation. I owned and sold the house in 3-4 months. Speculation would be a bad business model for a flipper. If you are looking to wholesale the property, you may be able to target a buy and hold investor. The problem you will run into there will be the conventional loan for that investor will be based on current comps. It sounds to me like you are going to be paying retail then trying to wholesale. It doesn't mean don't do it, but make sure you have a generous option period that is also very cheap.