The Dallas Morning News recently reported that North Texas is the #1 job market in the United States. Thanks to a strong local economy, and influx of corporate relocation and business-friendly local regulation, North Texas has seen a surge in population growth, as well as home prices and rental rates. So what does all of this mean for real estate investors? In short, there’s never been a better time to invest in cash flowing assets.
As the population of North Texas continues to grow, the demand for housing will only increase. This is good news for investors who are looking to cash in on the appreciation of their assets. In addition, with home prices and rental rates on the rise, now is a great time to invest in income-producing properties. As the local population continues to swell, rental demand will only increase, creating a prime opportunity for investors that are willing to dig deep to find deals.
Of course, that’s always the caveat to a hot rental market. Finding deals while both rental rates and home prices are on swift upward trajectories can be challenging. That’s why it’s important to plug in to a network of like-minded individuals that help create deal flow and find opportunity even in tight markets.
If you’re looking to add to your portfolio, make sure you’re using all the resources available to you to find opportunities before they hit the market. Join a local investor club or meetup group, get active on social media and let your network know what you’re looking for. Perhaps most importantly, get plugged in with your local experts!
Your local real estate expert should be your guide to off market properties simply through their network of agents and homeowners. Property management companies are another great resource for finding possible assets before they’re available to the public.
If you’re interested in adding to your portfolio, would like a free analysis of any of your current assets, or want to explore having your properties managed by a team of experts that will maximize your ROI, give us a call today at 469-649-7666!
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