According to Investopedia, Dallas has one of the top 5 best real estate markets in the United States. If you’ve been around the Dallas/Fort Worth area for the past 14 years, you’ve probably noticed that our housing prices dipped but did not plummet like the rest of the country. And since the housing market crash, we’ve seen a lot of recovery and growth, to include a wide variety of real estate investment opportunities.
You’re probably thinking, though, “What’s the best real estate investment in Dallas?” After all, even in a great market, there are going to be some good investments and some that are not-so-good. Well, if you want to get a great return, steady cash flow, and a stabilizing force on your investment portfolio, I’d recommend that you look into luxury rental properties or commercial property investments.
There’s a good bit of luxury real estate for sale in Dallas, and the current trend amongst the wealthy is to rent their vacation homes instead of buying them. So, if you can procure a piece of luxury real estate for sale in Dallas at a good price, you can get a great return on your investment in very little time.
While you’re looking, though, you may also want to look into commercial properties, especially healthcare real estate. If you purchase a building with a doctor’s office or urgent care facility in it, you’ll have a great setup to attract medical tenants. Because healthcare is always in demand (and is, therefore, recession-proof), you’ll have no problem filling the space and starting regular cash flow.
If you can find (or build) a commercial building in a good location, you could also get a great return on investment with a commercial retail space. Whichever you choose, though, you should look at the location, what other spaces are available, and average rent for similar spaces. If you do this, you’ll find the best real estate investment in Dallas.