In Dallas, it’s not all about football these days. This Texas metropolitan area was recently recognized as the 5th healthiest market in the United States. That’s a good thing if you’re an income property investor. Whether you’re looking to implement our investment strategy for the first time or the tenth, Dallas might be a great area to consider adding to your portfolio right now.
As a student of Empowered Investor Network (PPIN) strategies, you know the preferred property selection method is not to toss a dart at a map of the city and buy where it lodges. You need to drill down and then drill down some more until you find the micro-market within the market.
One area to focus on is Collin county, which is the fastest growing in Texas. Why Collin county? Many reasons. Retail and residential growth is exploding, spurred by factors like:
• Quick 25 minute commute to downtown
• Diverse, large employer base with Exxon Mobile, Texas Instruments, and more
• Lower tax rates than nearby counties
A buy and hold approach still works great here because high quality tenants means rents have continued to stay strong. Rafael, a Local Market Specialist for PPIN, recently discussed a sample property with Jason that was a single building with three units, not even built yet but sported an almost 1% RV ratio. You don’t find a number much better than that.
So, when you’re getting serious about investing, it might be time to take a serious look at Dallas.
Flickr / dherrera 96
