Frisco Texas

General Real Estate Investing
1

Considering investing in the Texas “Metroplex”. Has anybody any experience in this area? I’ve read good things about the economy, quality of life and employment. Considering Frisco or Plano
tx. Any comments?

Thanks Dan Z.

2

north dallas suburbs are very nice, frisco is one of them. the property tax is pretty high, around 2.7% assessed value, without exemptions. imo investments for rentals are falling short, because it is so easy and affordable to buy.

3

When it comes to investing in the Dallas/Fort Worth area, I would recommend staying out of the high growth areas. I know this seems contradictory to what many of you know, but bear with me. The appreciation here runs about 3-5% annually. Which means, if you buy a new house in a high growth area like Frisco for $150,000, you might get a renter in there for $1100-$1200 per month. That is a negative cash flow situation. Look for high rental areas where there is a positive cash flow right from the start. Dallas and Fort Worth still have good low-dollar rental properties. If you go out into the smaller areas like Greenville, Farmersville, or Paris you can get a much better return on your investment dollar.

Lee Warren

4

Hey,
The Aggies at Texas A&M have a great real estate website that is full of pertinent research and current happenings on the Texas real estate scene. They send out a weekly newsletter via e-mail with the latest research etc. And, it is FREE! Go to http://recenter.tamu.edu.

Peace,
Richard

5

I’ve also heard about Allen Texas for cash flow and AnnaTx. What do you know of these areas> Will they cash flow better?

6

In general, they are in the same boat as Frisco. Are there deals there? Sure, but they are much more scarce than the other areas that I mentioned.

7

Richard,

Thanks for posting the hyperlink…

I like the market reports under the Publications header.

-Mike

8

Hey,
RECON, the Texas A&M real estate research center’s weekly publication has proved to be very helpful when one invests outside his known market area. The research provided by the center has been very valuable.
Peace,
Richard