Tuesday, May 22, 2007
A great leader I just met at the Mike Ferry Manager's Retreat in Irvine was teaching me about the single family market in Dallas. For $120,000 you can buy a 3 year old rental house. Rent would be $900 per month. After paying a interest only payment and all expenses with 10% down, you can cash flow $200 per month. Not a bad place to put $12,000. Find the right property management company and you can ride the Dallas resurgence. Apparantly that market is growing in very good ways. Hmmm... thanks for sharing Joel.