Investment Properties
Candy and I have been discussing this very interesting long-form story from BuzzFeed about a man who bought a home in Detroit’s Poletown neighborhood for $500 when he was 23 years old. Since then, protesters, investors, and CEOs have bought up property throughout Detroit’s devastated neighborhoods, demolishing buildings and shrinking the city’s footprint.
Loved this column in the Dallas Voice about flipping, mainly because I have said this myself a time or two: Flipping homes is a lot harder than it looks!
And yet, TV shows such as Will & Grace, Modern Family, and innumerable programs on HGTV and DIY show people navigating the dicey waters of flipping residential properties.
Joanna says the house has been vacant for years. This is probably one of the biggest house fires in the area in awhile — the home was just under 10,000 square feet if I recall…
Rarely do you see both home prices and rents grow in the same market where, as we reported earlier this week, net migration is in the red. And yet that’s what Local Market Monitor is projecting for Dallas-Irving-Plano area over the next 12 months.
That’s partially due to unemployment rates dropping and a strong financial and service job market in the Dallas area. Local Market Monitor projections show 9 percent growth in housing prices over the next 12 months and 12 percent growth over the next three years. And demand for housing, both buying and renting, will grow thanks to overall population growth that is outpacing the national average.
Ola — wanted to introduce you to one of our shining new expert contributors on SecondShelters.com… As a quick intro, my name is Dallas Addison, and my passion is real estate. I’m trained as a lawyer and have helped many clients throughout the country buy, sell, develop and manage all types of real estate over the…
