So you wanna get started investing in Dallas Fort Worth and you’re checking things out, eh?
Congratulations and good for you. It is important and always remember to do your homework and you will minimize your chances of losing money. Always try and find and use as many real estae investing resources in Dallas as possible.
Here’s a few really good tools that we’ve found and we use in our own business from time to time that we feel our great real estate investing resources in Dallas Fort Worth.
The best thing is they are free!
Here’s a few websites that you should get to know really well:
Real estate investing Resources in Dallas…..
Zillow is know to be the biggest and most known site out their for investors.
The CEO of Zillow, Spencer Rascoff, said their company’s best asset is it’s “living database of all homes”.
However, the zestimate tool is usually off, as a lot of folks have noted. It is though interesting to see what the computer calculates, but you still must know exactly how to analyze the comps and evaluate the market on your own preferrably using the MLS.
Try and spend a lot of time on Zillow getting to know each property sold in your target Dallas Fort Worth neighborhoods. Really to your homework and try to identify the psychology of the prices, and seek to understand why the seller and buyer both chose the price they did to get the deal done.
Zillow is an amazing resource for investors to get to know their markets well that is quick ans easy to use. Below are more real estate investing resources in Dallas.
Craigslist is another really awesome site. There’s huge deals to be found daily on there, if you spend the time on the site looking hard and doing the work. Owners a lot of times write terrible ads for great deals. This happens routinely every hour of every day across TX. Many times the very best properties only get one terrible ad posted so you need to search hard and look routinely to not miss them.
LoopNet is another good resource and the granddaddy of commercial real estate investing.
If you are needing to sell a gigantic building to institutional investors, this is the number one site you want to go list it on.
Man times there are some great deals on LoopNet, however the problem is you’re competing with every other investor out there to find them. The truth is if you are experienced and top investor working with a great broker, you’ve got a chance to win the bid, but this really is not the site for rookies.
Auction.com is a big clearinghouse of auctions, — foreclosures, REOs, short sales, distressed properties, land, new construction — they sell pretty much everything.
This is one you definitely need to check out, and make a trip to visit some Dallas Fort Worth auctions. Auctions are a great place to go and network and meet other investors to help grow your business.
This website is known to be the largest place to search the MLS (multiple listing service), Realtor.com however is sometimes confusing and often doesn’t seem consistent with what data it displays.
This is a resource and a website that most investors overlook Walkscore.com – and they are making a big mistake.
Walkscore tells you a good amount of information about any given property. It tells you information how a potential renter or buyer will look at and evaluate the house – also it shows you what’s nearby and how long it takes to access.
It’s also a really good tool to look at areas that are currently underpriced for their amenities. If an area has a high walkscore with low prices, then chances are very good that prices will rise in the coming years.
These tools we just gave you will help you to understand the Dallas Fort Worth area market, if you take the time to learn them well and apply them. Always make sure to do your homework, and understand the market before you start dumping your own personal hard-earned money into a property.
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“Real estate investing Resources in Dallas” – more resources