If you thought the investment party was over in Dallas, you’d be mistaken. A report from Dallas News proclaims that investors are buying up properties faster than ever in the Dallas market. Investor purchases made up some 8 percent of properties at all price points and 14 percent at lower price points in 2018.
Houston has been the top dog in real estate investing for awhile now...but could that title be usurped by its sister Texas city, Dallas? Signs are pointing to big things for Dallas real estate and real estate investors are taking note. A survey of 1,500 real estate professionals said they wouldn’t be as likely to put their money in those big cities that are slowly losing their luster—New York City, San Francisco, and the like. No, the survey ranked the Dallas-Fort Worth area number one overall, and just second for investors.
So what’s making Dallas real estate so hot? As one of the strongest markets out there right now, it’s important for investors to understand the why.
The good people of the Lone Star state have one thing in common: a taste for good food and flavor. When you’re visiting Dallas, TX, you’d be missing out to skip the wide selection of quality, diverse eateries. While you’re visiting, don’t settle for food you can get anywhere. The eclectic and quality food scene in Dallas isn’t one to be missed.
For those of you coming to our Meet n Greet at our Dallas area offices in Grapevine, TX. this weekend, you are going to want to print this list and maybe try to catch one or two while you are in town!
Skip the chains stores and step into some of the top Dallas restaurants. Your tastebuds will thank you.
Topics: Dallas Invest
When we as real estate investors turn our eyes to a new region to invest in, it’s important for us to investigate the area. After all, we’re putting a lot of time, energy and capital towards real estate investing — shouldn’t we know what we’re getting into?
At Memphis Invest, when we looked to open a new market, Dallas was the no-brainer market for our company. We were highly familiar with the state of Texas and the positives that went beyond just "real estate" were readily apparent. The state was growing in both poulation and jobs. The MIMI Index from Freddie Mac was super strong indicating some of the top markets were in Texas. Both Dallas and Houston were showing up as markets set to explode in investor activity. Look like we were right. BUt we had one other reason.
Nothing beats the knowledge that comes from actually living there. Our family was raised in Texas and if you ask me, I still claim to be a Texan even though I operate out of Memphis, TN. There is something about having intimate knowledge of markets that make for smart investing. However, that doesn’t mean investors need to be in the dark when it comes to remote investing. It just means you have to be smart about who you listen to!
The Dallas-Fort Worth area of the Lone Star state is in the running as one of the best real estate markets in the country for 2015. Dallas-Fort Worth, along with sister cities Houston and Austin, were highlighted in the Emerging Trends in Real Estate report by the Urban Land Institute and PriceWaterhouseCoopers for their strong real estate fundamentals that set investors up for an excellent year.
We love Dallas as a company. And....many of you may not know that all three of the Clothier bothers were born in the DFW metro-plex and spent many of our early years in the area. We still have family, friends and business associates there so Dallas was a natural market for our company to grow into. And speaking of growth...
As investors, we always need to keep pace with the markets we have our hands in and have our eyes peeled for what’s growing. Memphis Invest grew into the Dallas, TX market going on three years ago and that market has really taken off. Today we have an incredible team at Dallas Invest, which is simply a satellite office. A brand name if you will offering the same quality as Memphis and developing the same standards and culture as Memphis and the market is really responding well.
Lat year, we turned our eyes toward Houston, Texas as demand for more property from our clients continued to grow. We wanted to offer choice. But not just any choice...
We wanted to specialize in great markets and as we grew beyond Memphis and Dallas, Houston was at the top of our list. It’s pretty easy to see that Houston is dominating the real estate market. It’s competitive, fast and in high demand all around. Investors are turning their eyes to many Texas cities to grow their portfolio, including Dallas-Fort Worth and Austin, but Houston is arguably the crown jewel.
We started our third brand in Houston Invest and recently hired two GREAT team members to continue building out our office and team. We have a great office location and great team and we really love the Houston market. The projections for Houston’s real estate market are very, very good.
2014: A Very Successful Start for Real Estate Investors
Well, we are halfway through the year and we are looking at a cup that is ready to over-flow not only for our company and our team, but for every real estate investing client we work for. And...make no mistake about it, we WORK FOR over 800 clients around the country every day!