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Market Conditions in Prosper : Real Estate Advice

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  • Home Buying12
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Activity 3
Mon Sep 8, 2014
Chris Boyington answered:
Prices declining? Please tell me where you got that idea?
0 votes 8 answers Share Flag
Sun Oct 21, 2012
Brent & Deb Wells answered:
Prosper is a great community, but your right, you will not see many homes for lease in comparison to McKinney.

Prosper typically is a higher end market, so if you want a high end investment property it might work for you. I might suggest purchasing a couple of less expensive homes in a community that has a strong demand for rental property.

You will lease them quickly, keep them occupied and rental checks flowing. When you decide to turn or sell the property it will be picked up quickly by investors.

In summary, investment properties take many forms; but if you want rental properties to generate income then pick a community that has a proven track record for that.

Best of luck and call us if we can help,

Brent & Deb Wells
Broker Associate
cell: 972.825.3672
... more
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Mon Oct 19, 2009
Michael Brownstead answered:
I was recently searching for a home in Prosper for my client and based on the low inventory of new construction, he had to do a build job (from the ground up). Within the next six months, I see Prosper continuing to grow, but as we know, the real estate market usually slows down during the fall and winter months, so I would not suspect any significant growth during that time. ... more
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