The foreclosure rate in the Dallas/Fort Worth area is lower than it’s been in the past 6 years – and a full 20% lower than it was this time last year. However, there’s still one market where you should be paying attention to foreclosure real estate investing in Dallas. Lagging the rest of the market’s recovery, there’s actually quite a bit of luxury real estate for sale in Dallas at very low market values.
If you’re interested in foreclosure real estate investing in Dallas, you should take a look at some of the luxury homes on the auction list. You can buy these at significantly reduced rates, and then you can hire a property management company to take care of maintenance and repairs. You might even be able to hire a company to find tenants for you who’ll pay much higher rental rates than you could get on a smaller property.
And if you’re wondering who would buy or rent luxury real estate for sale in Dallas, then you don’t know some of your wealthier and more famous neighbors. Mark Wahlberg and Bill Gates have luxury homes in the Dallas area, and Tom Brady and Gisele Bundchen have a home here, too.
With neighbors like those around a city like Dallas – where the economy is booming and more and more lucrative jobs are created every day – you can see how the area attracts people of a certain lifestyle. Add to that the current trend of wealthy people renting their second homes instead of purchasing them, and you have a recipe for a brilliant investment.
Check out the opportunities for foreclosure real estate investing in Dallas and the luxury real estate for sale in Dallas. You might be surprised what you can afford and the return it will give you on your investment.