Rentals in 75070>Question Details

S Thakkar, Real Estate Pro in 75070

Which one is best suburb in DFW area for investment properties..? Plano Frisco Allen or mckinney

Asked by S Thakkar, 75070 Sun Jun 13, 2010

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Bruce Lynn’s answer
Frisco....if you can find the right price range. The lowest is best in most cases.
More often than not you want to keep the rent about $1200 or below to catch the majority of renters.
That makes pricing tricky in this area.
Check out the link below for a few home samples.
http://www.mlsfinder.com/tx_ntreis/robertbrucelynn/index.cfm…

We are investors ourselves so very picky about the product and areas we put our clients in.
Call me if you see a place you like.
Web Reference: http://www.teamlynn.com
1 vote Thank Flag Link Sun Jun 13, 2010
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
McKinney, hands down.

That is what we have specialized in for years.

Call me at (469) 733-2723 and visit the link below.
0 votes Thank Flag Link Sat Jun 26, 2010
It depends on who your target is. Frankly, I'd recommend that you look slightly outside the high dollar communities in Lucas, Branch, and Princeton. There are some awesome properties in very good school districts that would make nice investments.
0 votes Thank Flag Link Mon Jun 14, 2010
Hi S Thakkar,
Having a business plan will help you to achieve your goals easily. What kind of cash flow are you expecting from this business plan? There are a lot of different business plans criteria to discuss, give me a call at your convenience, I will be happy to help you.
Ohh by the way here is a website that you can find your next property with Dallas MLS Search
http://www.dallashomelist.com
Let me know if you want to see any of them.

Sincerely,
Pelin
http://www.dallashomelist.com
0 votes Thank Flag Link Mon Jun 14, 2010
Your question was "what is the best area for investments". The category was "Rentals in 75040". Therefore we are all assuming that you want to buy homes for rental purposes. Are you looking for something that is "move-in ready" or are you willing to make some repairs? Do you have your financing (investor financing is different from owner-occupant financing) ready to go? Are you planning to manage the property yourself or hire a property manager and pay them for their services? Once you narrow down your type of home and have your financing in order - you should hire a Realtor to represent you. There is no cost to you (as a buyer) for representation and your agent will work on your behalf to find homes that meet your needs. All of the cities you listed have a need for rental homes. All of the cities you listed have homes in varying price points. A Realtor will be able to guide you to homes that will suit your needs.

If you have questions, or need further information, please contact our team of professionals. We will be ready to help on your timeframe, and in each of these cities.


Melissa Hailey
Coldwell Banker Jane Henry Realtors
North Texas Top Team, Realtors
214-418-0180
Melissa.Hailey@ColdwellBanker.com
0 votes Thank Flag Link Mon Jun 14, 2010
Suburban rentals can be tough to make profit margins on for many investors looking at DFW. They'd love to invest in Texas, because our homes are affordable. But, the smart investors come in with a multiple property purchase and buy annually to expand their inventory.

There is no one right answer. It depends on your goals and the budget, and the areas that fit. I've leased homes in Plano, Frisco, Allen, McKinney, Prosper, Little Elm, The Colony, Princeton, and Richardson. There is a viable lease market here. It will stay strong so long as we have tight lending restrictions for buying and the demand for leasing because incoming clients still have homes in other areas to sell before they are free to buy in Texas. We're writing some of the most flexible and interesting lease terms now, to accommodate the tenant's request for month-to-month periods of time at the end of leases, in case they are building homes or sell their home sooner than expected. Converting a home listing from for-sale to for-sale or for-lease is a good way in our suburbs to let market demand dictate which direction the home goes, and the seller may actually be financially better-off with leasing their home for a period of time to accommodate the current demand.

Have a blessed day!
Ronda
0 votes Thank Flag Link Mon Jun 14, 2010
Gosh if we knew the answer to that we would all be rich! You really have to do lots of research on your own. or with the help of a Realtor who can narrow down the search for you. Reatlors are not allowed to steer you to a particular area. You have to determine for yourself what areas you are interested in and what you think would be a good investment.
0 votes Thank Flag Link Mon Jun 14, 2010
You need to work with a consultant 1st prior purchasing any home. Therefore assist with a business plan PRIOR making huge financial mistakes many 1st time home investors do.

Question is what is your business plan? Can determine which city .

Buyers agent can't make these decisions for a client

If you are all ready a real estate investor the choice should be easy for you.

Are you qualified for a loan? If no you need lender approval in order to work with Agent and submit a sales offer makes a huge difference on how an agent can represent you with your search.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Sun Jun 13, 2010
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