Jose Lopez, Home Buyer in Rockwall County, TX

What would be the best investment to buy a house in rockwall co. for 200 grand to rent out?

Asked by Jose Lopez, Rockwall County, TX Wed May 9, 2012

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3
Good is a relative term. Houses that pay decent monthly rent to the general market and are in good neighborhoods is probably what you're asking.

Personally, I'd look for a short sale. Those are houses that are listed below the mortgage amount owed. You can usually do pretty well buying them, and because you're dealing with the owner, you get a property disclosure (unlike with a foreclosed property).

Middle market for rentals in Rockwall is close to $1500 a month plus or minus. So a house for $200k makes a lot of sense. Just find a good neighborhood (Rockwall doesn't really have bad ones). And ask your Realtor to help you locate the ones with good value.
0 votes Thank Flag Link Sun Sep 9, 2012
It might be a good idea to do some research on what the current rents are going for in the neighborhood you are interested in buying into. If you have a few properties that compare to your prospective purchase, this will give you an idea as to whether the investment pencils out or not (based on your down payment and monthly carry costs).
0 votes Thank Flag Link Thu Aug 30, 2012
Hello Jose,

Im not totally sure I understand your question, but right now is a very good time to be buying a house because not only can you get more house for your money but the interest rates are lower than they have ever been. So whether you are planning to live in the home or lease it out, it makes sense. By the way the rental market is very strong so getting it leased shouldn't take ling at all. Just let ne know if I can help.

David Ray
0 votes Thank Flag Link Wed May 9, 2012
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