129: Finding Good Real Estate Deals In A Strong Market: Dallas, TX
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 31 March 2017
⏱️ 39 minutes
🔗️ Recording | iTunes | RSS
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Summary
#129: Dallas, TX could be the strongest real estate market in the entire U.S. as it keeps experiencing staggering business, job, and population growth.
In fact, Forbes has named Dallas, TX as the #1 place to invest in 2017.
But if you live outside Dallas-Fort Worth, how do you capture the upside yourself? With turnkey single-family income property.
Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities.
Listen to this week’s show and learn:
02:50 Â Texas has had great economic fortune for decades. Geopolitical Strategist Peter Zeihan tells us that this will continue.
04:18  Dallas-Fort Worth’s astounding population growth.
05:16 Â Why to invest in single-family homes rather than apartment buildings.
09:55 Â In a hot market, have a relationship with a team that can get housing inventory.
12:03 Â Competing for housing inventory. Targeting 7%+ cash-on-cash return.
15:31 Â Product type: SFHs with minimum of 3 BR, 2 BA, 2-car garage.
17:14  Don’t “over-improve.” Examples.
20:30 Â What type of person invests in turnkey real estate? Busy people.
22:38 Â In-house property management.
25:58 Â The economies of scale advantage with contractors.
28:30 Â Averages: rent income $1,600 and sale price $170,000.
29:51 Â Investors have one point of contact.
31:18 Â Management companies propose solutions, not just pose problems.
32:30 Â April 21-23: Attend the upcoming Dallas Income Property Tour & Workshop.
34:45 Â High tenant quality.
36:05 Â Positive cash flow.
Resources Mentioned:
Blog Article: Triple Your Equity In Five Years
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Transcript
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| 0:00.0 | Get Rich Education is brought to you by Norada Real Estate, the Real Asset Investor, and Highlands residential mortgage. |
| 0:08.5 | Are you having a hard time finding great investment properties? |
| 0:11.5 | Unfortunately, the best deals are rarely found locally. |
| 0:14.6 | Successful investing begins with the right properties in the right markets. |
| 0:18.3 | Norada real estate provides everything you need to invest in the best deals across the U.S. Our simple proven system will help you create real wealth and passive monthly cash flow. Get your free copy of the ultimate guide to passive real estate investing at Noradarrealestate.com slash guide. That's N-O-R-A-D-A-R-A-R-E-E-E-E-E-E-E-E-E-E-E-E-E-E-R-E-E-A-R-E-E-E-E-E-L-E-E-E-L-E-E-E-R-E-E-E-N-E-E-R-E-E-N-B-E-E-E-E-R-E-E investment that has turned more ordinary people into millionaires and billionaires than anything |
| 0:55.8 | else and can provide you with more wealth and happiness than you ever thought possible. |
| 1:01.6 | Now, here's your host, investor, entrepreneur, business owner, and educator Keith Weinhold. |
| 1:12.6 | Welcome to GRE, Get Rich Education, Episode 129. |
| 1:16.4 | Hi, I'm your host Keith Weinhold, back with you for another wealth building week. |
| 1:20.3 | Today, it's about building your portfolio in one of the hottest real estate markets in the United States, |
| 1:25.7 | and it's a real estate market that just doesn't show |
| 1:28.3 | any signs of letting up. That is the Dallas-Fort Worth Metro in Texas. In fact, there's a good |
| 1:34.7 | chance that you know someone that's moved to Texas. I've got numerous friends myself that I grew up |
| 1:40.2 | with that have moved to Texas, and when they move there, they don't leave either. They stay. |
| 1:47.3 | That's what we're talking about today. And then as far as the next three episodes, we've got some of |
| 1:52.2 | really the most seasoned and esteemed real estate investing and finance teachers on the planet. |
| 1:58.0 | Next week, America's Money Answers Jordan Goodman, will be here. |
| 2:02.0 | You've been hearing Jordan give you money answers on terrestrial radio nationwide for decades. |
| 2:07.3 | I can't wait to talk to him. The week after that, we've got the return of, well, really one of the |
| 2:11.8 | most famous real estate investors in the nation. That is the Ritzstead advisor for real estate |
| 2:16.0 | Ken McElroy making his third appearance here on the show. And then down the road, that is the Ritzstead advisor for real estate Ken McElroy making his third appearance |
| 2:18.4 | here on the show. And then down the road, Rich Dad Tax Advisor Tom Wheelwright returns to GRE here |
... |
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