What are the key factors and risks to consider when investing in Dallas?

[Jin Zhang]

Hi everyone, 

I am new to the Dallas market and are interested in learning more about it. What are the key factors and risks to consider when investing in Dallas? Here are some factors I have thought about it. If you could share insights on the market, it would be greatly appreciated! 

- Insurance: what would be a reasonable amount or percentage for me to consider when doing the number? Many places, such as California, Florida, etc are experiencing a significant increase in insurance cost. Is this happening in Dallas? 

- Weather: is there any extreme weather in Dallas I should be aware of? I read that there is a high wild fire risk. Do properties there generally get fire insurance? If so, what would be a reasonable amount or percentage for me to consider when doing the number? Any other extreme weather to consider? 

- property tax: is it generally around 2.29%?  

- I know in Florida there is a 4 system to be evaluated. Is there something similar to that in Texas? 

- Any other risks/factors to consider? 

Thank you,

Jade