Hi, I am looking to buy a home in Carrollton area to rent it out. Can you please guide as to which subdivision is better for that? Is it better to?

Asked by Sam, Richardson, TX Wed Feb 27, 2013

buy a single family home or a townhome (whose chances of renting out are greater)? What price shall I be looking at? thnks

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Dixon Wong, Agent, Dallas, TX
Wed Feb 27, 2013
Hi Sam,

There are many great subdivision that we can look into.

Out of many of them, I like Woodgate, Bluffview, Ridgeview Place.

You can contact me at dixondfw@gmail.com if you want to talk more about what you are looking for and we can take it from there. Its a great time to buy investment rental homes as the market is on the rise!

Dixon
Realtor
http://www.findyourtexashome.com
1 vote
Charles Fans…, Agent, Dallas, TX
Mon Mar 18, 2013
I would suggest you look at the schools and try to find something in range of top performing schools. Theses areas tend to be more competitive and tend to produce longer term tenants. Please contact me directly to discuss further - http://charlesfansler.ebby.com
0 votes
Dallas Texas, Agent, Dallas, TN
Wed Feb 27, 2013
Much depends on what you can afford to purchase in order recommend any area(s) .

Pricing depends on what you paid for the property.

Contact my office today where I can show you many amazing homes

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com

Follow me on Facebook
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0 votes
Bruce Lynn, Agent, Coppell, TX
Wed Feb 27, 2013
Sam,

Great questions. Most townhomes don't work good as rentals due to the HOA dues. Not that there are really a lot of townhomes in Carrollton anyway.

I see lots and lots of different strategies work, but what I see best work is 3bed/2bath/2car garage that's not too old, but as low a price as you can get and that should rent in the $1200-$1500 range.

There are always exceptions. It can depend if you can pay cash or are using financing. If you can do rehab or want a move in ready product, and how much money you want to spend.

The other thing is that I would not limit yourself to Carrollton. Richardson for example might be a good place to look. Occasionally Plano might work....there are other cities that might work as well. Right now I like Denton. Lots of pressure there, low supply of rentals and good demand.
0 votes
Lucy Puniwai, Agent, Haslet, TX
Wed Feb 27, 2013
Hi Sam!

What price point are you considering as purchase price. What percentage of ROI do you expect?
Will you manage the property or hire a property management company?

Single family homes, in my opinion are in highest demand. As a former resident of Carrollton, I chose to live near Creekwood High School - the school was 4 years open - my son graduated from there.

From a purely personal position, I was extremely grateful that I chose that location. My son graduated in 2002 and has made life long friends. His entire "group" went to college and they enjoyed their college experience. I believe Creekwood provided my son and his friends with an excellent education.

I am not "steering you" in anyway - I am speaking from my own personal experience.

Feel free to contact me for future correspondence.

Lucy A. Puniwai
REALTOR®
(214)783-6416 – Cell/Text
(682)224-8050 – Fax
puniwai@fathomrealty.com

In God We Trust
0 votes
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