If you’ve been considering buying investment property in the Greater Dallas Metro area, rising home prices might be enough to make you change your mind. But that’s actually good news for investors.
According to recent data released by John Burns Real Estate Consulting, an independent research and consulting firm for the housing industry, real-estate speculators, big private-equity firms, and individual investors make up 20% of U.S. home purchasers – an all-time high. Why?
With an influx of people moving into Texas, and a housing inventory shortage of homes priced less than $300,000, there is an increase in investor buying to either flip houses or turn them into single-family rentals. The demand for rental units is steadily rising. In the Dallas Metro, rents have risen in 6 of the largest 10 cities according to the March 2021 Dallas Rent Report.
So, whether you’re looking to improve the value of a home and flip it for sale, or purchase investment properties for rent, the market is still in your favor even with escalating home prices. If you already own investment property, now might be the time to refinance with lower interest rates and shorter terms for an increase in reliable cash flow.
First United Mortgage Group is the trusted mortgage provider for real-estate investors in the Greater Dallas Metro. Our convenient, streamlined application process and local real-estate experts are the investment property loan or refinance solutions you’re looking for. Give us a call today at (972) 591-3097 for a free quote and consultation.