Photo: Daxis via flickr

Photo: Daxis via flickr

Three Texas MSAs are ripe for investors, according to a report from the Home Buying Institute. Markets in Austin, Dallas, and San Antonio are attracting investment at a breakneck pace, putting them in the top 10 best markets to invest in a home out of 100 MSAs. After an analysis by Forbes and Local Market Monitor, these three cities were named “Best Buy” housing markets. San Antonio beat the Dallas real estate market, with Austin following. the cities ranked third, sixth, and seventh, respectively.

Additionally, the Home Buying Institute named Dallas one of the hottest markets in 2016, and considering the pace at which sales are clipping along — especially cash sales from investors — we have to agree. The market is huge for builders and teardowns, which seem to happen every day in the Park Cities and East Dallas neighborhoods such as Lakewood and Forest Hills.

Jump to see what other cities landed on the Top 10 Best Buy Markets for Investors:

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Zip Code 75235

West Love: Inwood, Harry Hines and Denton Drive

Let’s get our noses out of house porn for a minute to wander through an up and coming neighborhood. DCAD calls it Lovedale 2 (or unappetizingly Slaughters Brookdale), but as far as I know, it has no fancy name to woo buyers to its hipness. It’s pre-hip. If other hip locales cool, maybe this area becomes a hip replacement (boooo, bad pun, bad Jon).

I’ll call it West Love Field or West Love … hmmm, I like that … West Love … and homes are selling FAST! In the hours it took to write this, two of the properties featured below went under contract.

East of Love Field has been in full-on gentrification mode for a while now, only pausing for the recession (as did we all), but West Love hasn’t really gotten any lovin’. It’s loosely bounded by Denton Drive, Harry Hines and Inwood. There are plenty of warehouses on Denton Drive, but there are also a lot of smaller cute starter homes that are a hop from downtown, UTSW and the monkeyshines of the Gayborhood … oh, and Love Field. Perfect for medical folks or air mattresses, trolley dollies in-flight personnel.

Speaking of the airport … I said, SPEAKING OF THE AIRPORT … Oaklawnians have lived cheek by jowl with Love Field since the beginning (well, since 1917 when it opened as an army pilot training facility). The “Oaklawn Pause” is what happens when a plane flies over during a conversation; it pauses. Homes east and west of Love Field are somewhat better off. Planes take-off and land from the north-south, meaning these east and west areas are not being directly flown over – but what a cool place for a roof deck.

For many years when homes hit the market, they were in somewhat calamitous condition. That’s changing, but things are still wonderfully affordable here and sure to rise. How wonderfully affordable? Try $125,000 to $135,000 for 1,100 to 2,031 square feet, many on pretty sizeable lots 50-foot lots!

Here’s a smattering of what’s available and going gone fast.

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Mark Kreditor and Candy

Mark Kreditor and Candy

If you want to find out more about the investment market and the potential for rental, head over to tonight’s monthly meeting of the North Texas Association of Real Estate Investors as they host Preston Hollow resident Mark Kreditor of Get There First Realty.

Kreditor, who is both a fantastic musician and incredibly clever real estate investor, will do a presentation on the North Texas rental market entitled “Is This The Best … Or Worst Investor Market We Have Seen in D/FW?” Kreditor will dissect new laws and regulations that have had a major impact on the market, including property code and telling new statistics.

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