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  • Profile photo of GilbyGilby
    Participant
    @gilby
    Join Date: 2003
    Post Count: 2
    December 30, 2010 - 10:39 am

    Hi All,

    Just wondering what the more experienced USA property investors think of the Dallas-Fort Worth area. Also, I am looking into a turnkey offering from a USA property investor who:

    * Buys selected wholesale properties in DFW
    * Uses his reno team to give the properties a reno.
    * Puts a property manager in place and rents them out.
    * Sells the property to investors with the tenants in place. You can keep the current property manager (at 8.5%) or get another property manager (it’s up to you as you then own the property). Properties are cash flow positive after outgoings.
    * Can also assist with personal contacts for loan, insurance, tax, etc.

    From what I have seen of his properties for sale, they seem to be in line with what zillow estimates, some above some below the zillow estimate.

    My wife has relatives who live in the DFW area who could check out the properties. What do you think of this sort of setup?

    Regards
    Gilby

    Profile photo of GilbyGilby
    Participant
    @gilby
    Join Date: 2003
    Post Count: 2
    August 8, 2007 - 11:42 am
    inigo wrote:
    Hi everyone,
    I am a my first time property investor and I am looking at Carrum Downs and Skye suburbs in the Frankston area, Victoria. These properties are generally cheaper than Frankston, however there has been lots of development and I have heard that the new Eastlink project will increase prices within the next 2 years. Any thoughts on Carrum Downs and Skye?

    Thanks heaps!!

    Hi Inigo,

    I recommend you read the latest (August) addition of Australian Property Investor magazine.  It contains an article that busts the myth that, generally, property in the inner suburbs of our capital cities outperforms property in the outer suburbs on capital growth.  The API article explains that the figures over past years do not back this up; generally it is the OUTER suburbs that had the superior captial growth.

    One reason offered for this phenomenon is that the outer suburbs generally are coming off a lower base, and then may experience some infrastructure and/or transport improvements.  IMO Frankston fits this profile and will provide excellent capital gains in the next few years – in fact I’ve just bought in Frankston South.Best Regards

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