All Forum Posts by: Ryan Clements

@Tyler Hodgson thank you for the connect! I’ll reach out to @Kenneth McKeown. We’re moving from Houston as my girlfriend is beginning a residency at UT Southwestern. I’m a day-trader at a fund here, but have the flexibility of working remotely in Dallas. Looking forward to meeting more people in the DFW market!

Howdy Folks-My girlfriend and I are relocating to Dallas this coming July 2019. We are looking for duplexes/triplexes which require rehab and which we can owner occupy. A few Qs for the community:

1) In which neighborhoods can we find multi-family homes? MF seem few and far between in Dallas.

2) How daunting of a task is it to convert a single-family home into a multi-family home? Looking for members with experience.

3) In Dallas, what is the best method to acquire such a property? Sheriff sale, wholesaler, traditional broker, Craigslist, etc...

4) What Dallas-area lenders might you recommend?

Any insight would be great! I may the millionth person to pose these Qs... Any insight would be greatly appreciated!

-Ryan Clements

Hi Ryan welcome to BP! Looking forward to hearing more about your work in DFW. Go Toros!

@Mike D'Arrigo that is a terrific graphic and thanks for sharing! What is your source on that?

The macro-trends of Houston certainly support the notion that is a good place to invest in rental properties - oil prices have recovered, no state income tax, net migration into the city. BUT, it is more complicated than that.

I moved to Houston in September. In the short-time that I have been here I have observed two trends in the rental market:

1) The city is expanding outward with such pace it is unlike anywhere I have seen. In Spring, for example, the construction of the Grand Parkway is turning the rural into the suburban as new housing developments are built daily it seems. The question is - with a steady supply of inexpensive homes that are built-to-suit, will there be a long term demand for renters?

2) People are still displaced from hurricane Harvey and need suitable single-family or multi-family homes to live. It seems there is a definite premium on residences built in areas that did not flood during the storm. This offers a temporary demand for residences, but is it enough to offset the ever-growing supply of homes?

The micro-factors may outweigh macro-factors on whether it is a suitable place to invest. Difficult for to boil down rental market in the nations 4th largest city like this. I'd be delighted to hear what other's know or don't know when it comes to rental properties in the Space City.