In today’s recovering housing market, there are property investment opportunities in Frisco and all over the Dallas/Fort Worth area. People will tell you that finding and investing in real estate is easy and risk-free. They’ll also tell you that residential real estate investment in Dallas is the way to go. Well, they’re both right and wrong, at the same time.
Dallas is a great place to invest in residential real estate; that much they got right. However, no investment is ever truly risk-free. As many people learned in 2008, real estate investment can be very risky business. However, if you approach real estate investment as a business it gets a lot less risky. You just have to do some research and take the time to learn about the market you’re investing in.
Talk to a Realtor
If you’re a rugged individualist, as so many of us are, you may want to go about this on your own. You’re putting your money into it, after all, so why should you share the profits? Well, if you can’t find the right investment opportunity, there won’t be any profits to keep or share.
So, talk to a realtor about finding the best investment properties. You can get a lot of valuable information from an industry insider on which neighborhoods you should gravitate toward and which you should avoid.
Get Involved With a Real Estate Investment Group
If you’re looking for property investment opportunities in Frisco but are concerned about the duties and hassles involved with being a landlord, you’re going to need a good property management company. Instead of going through all of the trouble of finding a property with a realtor and then finding a property management company, you can take a more hands-off approach by finding a real estate investment group to join.
There are lots of opportunities for residential real estate investment in Dallas, and finding an investment company or group is actually one of the easiest ways to invest. With an investment group, you will pool your investment funds with others’ resources, and you will have part ownership of a larger residential building, which has a lot of advantages in and of itself.
For example, when you have multiple tenants, even if you have some vacancies or some problem tenants who don’t pay rent and must be evicted, you’ll still get some return on your investment each month. Think of it this way… When you have a vacant single-family rental home, you don’t get any returns until you find renters for the property. When you have a single vacancy in a 10-unit apartment or condo building, you still get 90% of the building’s potential rental income.
Because most individual investors are not able to buy entire multi-unit buildings by themselves, real estate investment groups make a lot of sense for many people interested in getting more for their investment money.