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Buying Investment/Rental Property in Texas

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🏡 Thinking about moving to Texas? Get step-by-step guidance with a local DFW expert! Start here: texasdreamplace.com/
🏡Selling in Texas and want to sell fast for more? Contact us here: texasdreamplace.com/
🚨Don't overpay for your interest rate like all the other buyers, see how our team can get you a below-market interest rate: bit.ly/FamilyTreeMortgage
Find us on the web: www.danapollardgroup.com
Moving to Texas and want to rent first? We can help! Start here: bit.ly/RentalPropertyQuestion...
We'd love to hear from you if you want help buying or selling a home in the Dallas-Fort Worth area, contact us at 👉 danapollardgroup@gmail.com or (817) 623-5173
👉Follow us on Instagram: / danapollardgroup
👉Are you an Agent and have a client to send our way? Get them the best help in Texas by registering your referral HERE: bit.ly/AgentReferralQuestionnaire
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Want to buy a rental property in Texas? Buying investment property out of state does not have to be hard. It's very similar to buying a regular home. Buying rental property in Texas doesn't even require you to ever visit Texas! If you want to buy an investment property to rent out in Dallas-Fort Worth it is a great market and steadily increasing in value! I believe it is one of the best investments you could possibly make!
My uncle purchased 50 rental properties when he was younger and sold them in retirement and retired a millionaire! How about buy 1 home a year to rent out and then sell one home a year in your retirement? I think it's a great plan :-)

Опубликовано:

2 авг 2024

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Комментарии : 85

@McCawPropertyManagement 4 года назад

Investing in real estate has been the best financial decision I ever made. Thank you for helping others do the same.

@franklinilan128 4 года назад

Great and valuable information! Looking forward to future investments!

@hassanyousif4773 4 года назад

Thanks for this valuable information

@hippiesgonesilver1245 4 года назад

Great informative video!

@ronroca4387 4 года назад

On another video she brought up a good point about the home being energy efficient and asking for the highest electrical bill

@analmendoza86 4 года назад

Excellent topic!

@movingtotexas 4 года назад

Ana Mendoza thank you 😊

@enhancedlifestyle963 4 года назад

Looking to move to Texas! Love the weather. :) thanks

@garciakarry7610 3 года назад

Hello guys I would like to introduce you to *Mr mark_cole23* on in$ta in case you are looking for an apartment, he is a professional in estate management,he got me house at CA at cheaper rate he is such a reliable manager I ever meet I think you should try him

@pduran880 2 года назад

Amazing video

@cavazosrosendo7796 4 года назад

I bought a house in McAllen on my phone...it's rented now.

@RobertRascon87 3 года назад

Hey Cavazos, I’ve considered buying in McAllen for a few years now. How’s the rental market there? Do you own several in McAllen?

@cavazosrosendo7796 3 года назад

@@RobertRascon87 it's my first rental there. I'm on my 3rd year renting it and so far it's been good. Location is the most important thing.

@RobertRascon87 3 года назад

Cavazos Rosendo good to know. Prices in that area are ideal for me. Are there any particular locations you would recommend?

@DjTranz956 3 года назад

through where on your phone?

@Floof_Factory 4 года назад

I plan to buy an investment property for late 2021 or early mid 2022. I want to buy a multifamily home, live in one of the units myself and rent out the others. My goal is to break even on my monthly payments like mortgage payments, taxes and insurance

@movingtotexas 4 года назад

Grand Master Mawile I love house hacking!

@Blastdoinks 9 месяцев назад

Don't move to Texas, too hot! My attorney in my divorce recommended buying property there back in 2022, which I did, and my property value has diminished over 100K! I bought a recently build house and I'm still getting screwed! I'll stay in Milwaukee, thank you very much :)

@rafaelmariscal9170 2 года назад

I was so excited to find some great near new fourplex units that I was ready to fly out to Texas. Then I saw that the property taxes and HOA fees were going to cut the income in half. Any advice on where in Texas this situation is not as bad? Seems like rents are too low given the overhead even when buying cash.

@navykang 3 года назад

What is the best area looking into for short rental properties in Texas?

@cavazosrosendo7796 4 года назад

I am interested in a fourplex. What's the average cost for a relatively newer unit and what is the customary charge for the management comoany?

@jackr332 4 года назад

Real estate is the ultimate passive income! Love how you're teaching others how to acquire it and Texas is such a HOT market right now!

@enhancedlifestyle963 4 года назад

Jimmy Duke agreed^^

@amherst2013 4 года назад

High property tax!

@route66readymix45 4 года назад

Dana, You have a great image for your profession.......I’m an investor in California...... I’m going to give you honest opinion ......where is your more advanced level videos ? - I can’t see anyone paying $200 to pull out of a contract. Either, your a serious buyer or your not. It’s an important subject.....we don’t have this subject available here in California. - Where are the deals? An investor isn’t interested in a regular sale price, we’re looking for the wedges that come with a discounted price with appreciation. -Tell us more about management companies and how eviction process works. (I couldn’t find a management company that would manage the south side of Dallas. Which, makes me curious and now, I need to fly out there. But, there’s a tone of management companies for metropolitan and north of that. ) -Tell us about the vacancy rates in Dallas and neighborhoods? The upper and lower areas of Dallas and demographics. -Tell is what Dallas has to offer for their constituents. What jobs or companies are located in Dallas? What’s the current unemployment rate ? Are new projects for the future expected? -What’s the population growth? Any new developments? Questions, questions, questions. Good luck, we need valid information for investor sector. Why should I choose TX over Indiana or California? Convince us that this is the best city in the state to be in. 🧐

@jjgreek1 4 года назад

Route66 Ready Mix Los Angeles is the best city in the world with the best art culture museums restaurants bars theatre outdoor activities beaches - hip and innovation . I ❤️ LA!

@javsrock52 4 года назад

There are many videos about those questions you need to do ur own research.... North Dallas is developing fast and lot of people moving here already

@amherst2013 4 года назад

Just discovered your channel!

@movingtotexas 4 года назад

Xiao Liang awesome let me know if you have any questions 😃

@amherst2013 4 года назад

@@movingtotexas interested in buying in Fort worth and you seem to be an awesome agent to work with

@enhancedlifestyle963 4 года назад

Me too haha

@dreamdivine401 6 месяцев назад

Hi, I know that property tax is high since Texas since there is no state tax. I was wondering if you are buying investment property but are living out of state, is it worth buying investment property there?

@Rudy4759 4 года назад

Hi, is 10% return on your money achievable wheather is multi or single family? Ps. Not considering appreciation as part of the equation.

@alrivera25 4 года назад

I'm from NJ. I have a 2 family investment property but I'm looking to invest in Texas. I'm currently doing my research.

@garciakarry7610 3 года назад

@Giggidygiggidy12 4 года назад

What's the current price per sq ft avg in and around Austin, low to high?

@Velkro5000 4 года назад

In your opinion, where in DFW are the best areas for multifamily homes? It's mostly beautiful single family homes, or large apartment complexes everywhere I look.

@movingtotexas 4 года назад

Dave Pino I’ve found several 4-plexes in the $300k range in Fort Worth. They are not new nor are they in the best areas but they rent out really well.

@123manican 4 года назад

Dana Pollard - Dallas-Fort Worth Real Estate Are these deals all strictly MLS deals or do you have access to off market deals?

@butiki8408 2 года назад

How about in kingsville texas?is it good to invest even the property taxes is high?

@javsrock52 4 года назад

Good video But as an investor I would like to know what sort of rent or return on investment one can expect.

@movingtotexas 4 года назад

rockjavs52 good question, the answer really depends on the individual house. We pull comps for each home before the investor buys

@wallihaley5194 3 года назад

Only downside to investing in real estate in Texas are the outrageous property taxes...

@IrisMoon22 3 года назад

Wanting to buy a new build home for 130k and renting it out. I can buy the house cash outright. Question is, what do u think? That would leave me with about 10k in the bank, is it worth me buying a house cash and then renting it out?

@amarasunflower6914 4 года назад

The background music is really distracting.

@peedub86 3 года назад

Yes!

@AVOfutbol 3 года назад

I’m in Cali u wish to purchase my first property in Texas. I’ve tapped into Texas market and you guys have big homes. I wish to purchase a single family residence. Out here in Cali 300k gets you a 2 bedroom 1 bathroom home. If I’m lucky I can find a 3 bedroom. I will be moving out there if I find a property I like. My question is, will it be an issue that I won’t have a job out there when I first buy the property since I’d be leaving my life in California to go live in Texas? I sell cars at a dealership So I can easily take that craft to any other dealership and sell cars wherever I decide to live. But obviously right off the back I won’t have a job until I job hunt. Will that be an issue? I keep asking myself that question. Hope that makes sense

@sambathch2962 3 года назад

If i have 100k$ what invesment you recommend

@jenniferko5725 2 года назад

what about tax? heard from a friend that u have to reside in texas...

@craigveaziejr7881 4 года назад

How do you make the numbers make sense if you purchase an investment property with a loan. Considering you won’t be living in it, would you just charge the tenants more than what the monthly loan payment is?

@shelleygreyrealtor 2 года назад

No, always figure out what market rent is. If you are way overpriced the property might sit vacant for a long time and better qualified tenants will be turned off (usually). This market is weird, but good tenants normally have options, so always price well to reduce vacancy and get best tenants.

@JoseMolina-rj1mi 4 года назад

What’s a great city/town with great and low property tax that will rent fast

@movingtotexas 4 года назад

Property taxes are high all around, but Arlington is a good rental location.

@jorgepulidovaladez9418 Год назад

I’ll be reaching out, inquiring from California.

@movingtotexas Год назад

Sounds great! Thank you!

@karanshah3419 4 года назад

Is Arlington the best area for rental yield in Texas?

@movingtotexas 4 года назад

King K Arlington is a great city for rentals because it’s central to the entire metroplex and the price point is great. Also many renters are there that work in Dallas or Fort Worth.

@evelynegonzalez1687 3 года назад

Are people most likely to rent single family home or multi? I'm planning on having a rental property but not sure what will be better since I'm from out of state.

@movingtotexas 3 года назад

Both rent out really well. I would say the people who want to keep the pricing low will rent multiunit.

@evelynegonzalez1687 3 года назад

@@movingtotexas Great. Thank you. I'm planning on moving to Texas from CA perhaps 1-2 years from now but thinking about purchasing an investment property first before buying my first home.

@evelynegonzalez1687 3 года назад

@@movingtotexas Another question, does it matter if the loan gets approved in CA or does it need to be in Texas?

@freemanmccullough4486 3 года назад

Turn the music down so I can hear you, it's very distracting.

@orlandomontano6835 3 года назад

Do you have realtors that speak spanish

@LuisMedina-zk3dr 3 года назад

do you work as well with service members??

@movingtotexas 3 года назад

Yes, of course.

@Galbanolli 4 года назад

We’re interested in investing in property BUT the state taxes defeat the purpose for most of the properties. Rent will barely pay the mortgage + taxes. Are there any tax exemptions for investment properties?

@movingtotexas 4 года назад

Zaparolli no exemptions, but there is depreciation on your federal taxes

@crimi1607 2 года назад

questions do you work with VA loan I'm in tx and I'm interested on start investing in real estate ty

@movingtotexas 2 года назад

Yes we do!

@crimi1607 2 года назад

I know in the description says Dallas it apply in killeen too ?

@IWBVS 3 года назад

I don't have an income but have a few hundred thousand dollars. Will fannie/freddie allow me to use the building's income to qualify?

@movingtotexas 3 года назад

Even if you have millions in the bank Fannie Mae and Freddie Mac or not approve a loan without an income. You would have to pay cash. You could however maybe get a private lender.

@ritagomes9186 4 года назад

What is easier to rent out 1,2, or 3 bedrooms

@movingtotexas 4 года назад

Rita Gomes it depends what type of property. For single-family homes obviously 3+ and 4 bed + is better. But for a mulitunit 2 or 3 bedrooms is best.

@ritagomes9186 4 года назад

is the option money refundable ?

@movingtotexas 4 года назад

It is non-refundable if you terminate the contract. Although if you close it will get credited back to you.

@ritagomes9186 4 года назад

@@movingtotexas I'm confused what you mean by closing the contract, I'm sorry I'm really new to this. To be clear if in the 7 days I decide I no longer want this property I dont get that 3000 option money back is what your saying ?