I'm new to real estate investing and looking to take action on my first property. My family and I live in Ft. Worth, TX and have owned our home since 2012. We have around $150k equity in our home and are considering selling and using the cash to move into a property that will give us an opportunity to generate some revenue through house hacking or finding something with a guest house or apartment we could rent out.
I'm curious what leading indicators people use to determine what areas may increase in value. I know school districts are a big indicator and have also read about looking at the city planning website for future developments...but not sure what to look for specifically.
What are some things that we should consider as we're thinking through this decision? We would appreciate any and all advice/guidcance.
Thanks in advance!
Tom Hermann
