Interested in Investing in Garland, Tx

[Lily Kim]

Would love to hear what the people in this group know about investing in a single family house in Garland, Tx. I’m thinking a new construction house. Any thoughts on the market? I’m researching remotely (from LA) and have been having a difficult time understanding where is a good neighborhood and what’s the average house price. I’m super new to real estate investing. Thanks in advance!! 

[Michael W. McCord]

Hi Lily! I am from Richardson next door to Garland and I know that while Garland house prices make rental cash flow easier, appreciation has historically been minimal compared to the pricier northern suburbs like Plano/Frisco. Garland is blue-collar and schools are OK but not rated as well as other suburbs. Average house price in Garland is 250-300k for a decent 3/2/2 but not a lot of new builds since it's an inner suburb that was pretty much developed by the 1980s. If you want newer builds at a similar price point, look to Garland's close neighbors Rowlett, Sachse or Wylie. Good luck!