Posted by Travis (Dallas) on January 01, 2003 at 20:05:32:
Who told you that Dallas has a depressed market?
Houses are still selling and builders are still building. Houses up to $250,000 are selling, but houses above that range have slowed.
DALLAS…a depressed market. I want in! - Posted by REDD(CT)
Posted by REDD(CT) on January 01, 2003 at 19:54:25:
Happy New Year!
I am not a newbie but I would like to take advantage of a depressed market I know nothing about…DALLAS
How do I start? What phone calls should I make b/f visiting.
Until I have a feel for the market, I will have a better idea what I want to do ie flips or hold.
thank you in advance!
depressed market or not - Posted by Bud Branstetter
Posted by Bud Branstetter on January 03, 2003 at 10:22:58:
You can find the local Real Estate clubs and inquire. You can call the I Buy Houses adds in the paper and talk to them. When you get ready to visit let me know and I will put you in touch with several flippers that will have houses for you to look at.
You can call FSBO’s on the cell to find possible deals. Depends on whether you are looking for cash or rehab deals or whether you are doing subject to deals as to the best way to go.
Re: DALLAS…a depressed market. I want in! - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on January 02, 2003 at 15:55:28:
Redd–(CT)---------
I’d suggest getting on the internet and trying to find commentaries on the Dallas market.
See if you can get some statistics from the MLS on the figures that give hints: days on market, selling price a percent of asking price, number on market, number sold, months inventory at existing sales rate, number of new listings, etc. And get some history of these measures if you can–over last two or three years, or more for some of them, if possible.
Look up properties for sale on realtor dot com. You’ll find the telephone numbers for real estate sales people. Call and try to talk to some more experienced ones and ask their perception of the market.
Other possible sources: C of C–always upbeat; economics or business department of local colleges and universities; 2000 census data on the internet; editor of the real estate section of the Dallas Morning News, or other newspapers. Get a subscription to the free classified newspapers to see FSBOs. Look for the newspaper(s) on line to see classified ads and articles on the real estate market.
Find out when the investor club(s) have meetings so you can go when you are there.
Good Investing****Ron Starr*****
methinks thou hath been spoofed… - Posted by gerald
Posted by gerald on January 02, 2003 at 01:06:31:
Dallas is still pretty darn strong, compared to most of the nation.