Real estate and rental property investment are two of the easiest ways to make a major profit while working for yourself. With the right capital and home loan access, you may have the opportunity to make an investment that will ensure you'll live comfortably for years to come..
Lochwood
Lochwood has a reputation for being an excellent place to raise a family. If you're looking for a real estate area that's home to numerous professional families, Lochwood may be your dream destination. The focus on more suburban-style homing as opposed to apartment complexes makes the locale charming and family-friendly as well. Many of the homes date all the way back to the 1960s, so you can target renters and buyers who love a retro look. If you hope to make income while living in a place that reminds you of a bygone era, Lochwood may be just the right fit for you.
Oak Lawn
One of the hippest neighborhoods in the Dallas/Fort Worth region, Oak Lawn has become the go-to place for younger residents (especially those interested in local culture, arts, and the tech industry). The closeness of Oak Lawn to downtown Dallas paired with its extremely high average salary for residents provides an alluring benefit for real estate investors. Sticking to rental property investments may prove to be best in this area, as it can be much easier to grab up this type of property in Oak Lawn. Additionally, many of the renters served in this area prefer this type of living environment, as opposed to more traditional single-family homes.
North Dallas
Especially for investors looking to target suburban areas, North Dallas' cozy, family-friendly atmosphere makes it a great choice for investment. The quality schools, plentiful high-profit investment opportunities, and the close proximity to the heart of the city help to boost the North Dallas profitability and attractiveness. The properties may have a higher buy-in cost, but the sheer number of potential tenants can allow you to make steady profits, many times even if you invest in an expensive property. For those looking to live in the area into which they invest, North Dallas can be a fantastic fit (especially if you are raising a family while chasing your real estate investment dreams). North Dallas exudes the authentic Texas vibes that tend to keep renters excited to move in the area.
Bryan Place
Although it's super close to downtown, Bryan Place remains a worthwhile and low-risk area for rental investors in the Dallas/Fort Worth region. It's a rare gem that's host to higher-than-average rental rates, which encourage larger profits much more quickly than experienced in other neighborhoods. If you have the financial resources to assist you in renting out properties in Bryan Place, you may discover a property that will benefit your investment portfolio. Simply making sure you have the finances to back up your investment is key when looking into Bryan Place due to its upscale, high-priced investment nature.
Near East
Near East is often overlooked when it comes to real estate investments; however, the high average salary in the neighborhood (which beats out the central Dallas area) makes it ideal for investors who are specifically interested in rental property investment. The amount of pop culture and adult nightlife in the area make it a hotspot for Dallas professionals; and with the right capital, you may be able to make a profit in no time. Be sure to pick up properties in this area quickly, though, as they are currently being purchased at a rapid rate.
Not only are these five neighborhoods perfect for real estate and rental property investors, but they can provide a solid profit as well. Understanding where to seek out a new property for your portfolio is the biggest tool you can wield as a property investor. Knowing which area fits your personal taste the best is recommended as well, as you can live closer to your investment and start a fabulous new life in the Dallas/Fort Worth region. When it comes to the housing marketplace as taken into account alongside current financial indicators of large corporations and the Vanguard Small Cap Index, the reliable income that real estate investments can provide for you may be quite attractive. To put you on the right path to beginning this profitable journey, consider several of the best areas to invest in real estate within the Dallas/Fort Worth area.
EDITORIAL POLICY
Editorial Policy: The Flash List is dedicated to providing trustworthy editorial content by maintaining strict ethical standards, journalistic integrity, and credible professionalism regardless of any remuneration as working media. The Flash List is not affiliated with third-party companies mentioned and makes no endorsement or guarantee expressed or implied. The preceding article is intended for informational reference only, and does not constitute advice of any kind. Moreover, a qualified professional should be consulted regarding any lifestyle consideration, medical treatment, or monetary transaction, etc. Content contains affiliated link(s) for which compensation was received in accordance with USFTC regulations and terms and conditions.
MORE ON THE FLASH LIST
