Old East Dallas for Vacation Rental Worth Investing

[Gaurav Mehta]

Hi,

Looking to buy a multi-family property in Old East Dallas. Goal is to do Vacation Rental. I have done the numbers and they seem positive. Some questions

1. How is the area in general in terms of crime. I checked the crime rate https://www.areavibes.com/dallas-tx/northeast+dall... Overall the crime rate seems lower than Dallas but is higher than national average. Statistics however are just statistics so want to hear from people who are aware of the area. How is the area in general. Is it safe to do vacation rental like AirBnB there?

2. Anyone who has done vacation rental in Old East Dallas, can you provide some details on what challenges you faced trying to setup a Vacation Rental property in Old East Dallas

[Megan King]

I love Old East Dallas! I used to live in Munger Place, just moved from there a year ago and now I’m in the Dallas suburbs (primarily because of school for my kids). I always felt safe there. Several of my close friends still live there and they have never had any crime issues. When I lived there I considered buying a four plex close by just for the purpose of doing short term Corp rentals for traveling doctors or nurses as Baylor hospital is very close. Then if I had vacancy, open it up to Airbnb as it’s also close to downtown Dallas, Greenville Ave, lots of nightlife. My plans changed and I didn’t get to buy the four plex, but anyway I think it’s a great idea and I miss my old house there! Good luck!