Quote from @Sagar Ka:
Hey All, I am newbie in Real Estate , I saw a brand new home around 300k in Downtown Dallas area, Is it a good place to invest as a Rental Property ?
1) I know being a baby in the real estate , its really not easy to understand everything. I went on to learn from videos starting from this
the how it works
2) I asked the agent he said , I would be qualified for FHA loan with 3.5 % downpayment
3) I realized that since its a brand new home and I don't have worry about much repairs and stuff ,since most of the things would come in warranty for at least 1 year
4) What are my options ?
5) How to look if its a good community or not ? is there a website that I can look with zip code just like neighbourhoodscout.com?
6) what to look for before buying a property ? is there any checklist to see what is good ?
If it's a house and $300k and in "downtown Dallas" you're probably talking south Dallas. And if that's the case I'm going to go with - no.
1. There are so many videos and podcasts out there. Do exactly that - EDUCATE yourself. Get a mentor. Find an agent who's not just going to throw you into a house for a quick buck.
2. I would speak to a lender to determine what you can qualify for.
3. You should have a 1/2/10 warranty - your agent should know what this is.
4. This is a very broad question.
5. Don't have the address so can't say but always drive and research the area before ever considering.
6. This is very broad too - it's going to be property by property.
