Earnest Homebuyers

Why Invest in Fort Worth?

2008-06-03T12:43:00.000-07:00

Fort Worth Texas Real Estate.

Known as the place "Where the West Begins," this Texas city fuses Old West heritage with urban innovation, providing a unique opportunity for people in the market to purchase Fort Worth real estate. Located in the western part of the Dallas-Fort Worth Metroplex, the city is consistently ranked as one of the top places in the nation to work, live, and do business by national magazines such as Money, Fortune, and Newsweek.

Combine this with the comparatively low cost of living and zero state income tax, and so it's not hard to see why purchasing in Forth Worth has proven to be a choice investment.

Here is Fort Worth's revitalization playbook:

The revitalization efforts are typically focused downtown. Areas central and near bodies of water are next. Then, Fort Worth should expect to start building out old warehouses and converting dilapidated apartment buildings. The Final swing comes when institutional investors buy large tract of land to build mixed-use "urban villages" to provide density.

JUST A FEW FORT WORTH PROJECTS THAT ARE COMPLETED OR UNDERWAY

- Fort worth city council has put the needed funds and attention into downtown redevelopment. In fact, they're winning awards for their revitalization efforts. An example is Sundance Square.

- Fort Worth real estate seeing more mixed-use developments and Smart Growth initiatives. Transportation leaders are currently planning their commuter rail line.

- Large townhouse developments are planned in Southeast Fort Worth in an are that has recently seen increased revitalization efforts.

- Money is being pooled to invest in low income neighborhoods around Six Points area, such as Riverside.

And now for the most Exciting project going on in Fort Worth

- Trinity River Project

Well...I think that's enough reasons to invest in Fort Worth. By the way "Fort Worth's Population is Projected to Grow by 50% in 20 years." I think you will have enough buyers!

Wholesale Deal!

2008-05-26T21:35:00.000-07:00

4832 Harper Dr, Mesquite

ARV: $89,000

REHAB: $18,000

PRICE: $45,000 (or best offer)

Description- 1,125 sq/ft, 3 Bedrooms, 2 Baths and 2 Door Garage.

Repairs- faundation, copper, paint and some drywall.

Please call for lock box combo.

817-229-5155

Now is the Time to Buy!

2008-05-10T16:24:00.000-07:00

Since the Media as declared that we are in a recession, I have been thinking about the meaning recession and what it means in the state of Texas, especially in the DFW area. And I believe I have come up with an intelligent and researched answer.

First let me lay out what Dr. Mark Dotzour, the Chief economist for the Real Estate Center at Texas A&M had to say (see, doctors are smart). "Interest in Texas real estate has been magnified by the declining markets elsewhere across the nation, Texas housing is still very affordable," he said, "and the low tax structure and pro-business climate makes Texas a destination for corporate relocation for firms that are striving to compete on the global marketplace."

Dotzour said population growth is another key factor contributing to the states healthy real estate climate.

"The latest figures show Texas is growing by about 400,000 each year ," he said. " All of these people need homes or apartments in which to live."

"Job growth is also strong, with Texas outperforming the national average and likely to continue doing so for the foreseeable future." Texas still has home price appreciation, and the housing market specifics look good.

If the otherwise robust Texas market faces any risk, Dotzour says it is from the mortgage market and increasing foreclosures, especially for houses priced at under $200,000.

"Consequently, higher levels of foreclosures are to be expected," he said.

Okay, here is my definition for "recession" in Texas. Lets put two and two together.

Dr. Dotzour said, (1) We have a strong economic strength with corporations moving their headquarters to Texas (specially in the DFW area), meaning there will be plenty of Jobs. (2) We have 400,000 people moving the Texas each year, meaning they will fill the jobs and will need homes. (3) The mortgage market is seeing increasing foreclosures, meaning there will be plenty of homes to buy at very "Low Prices" to provide to those needing homes to "Buy"and "Rent."

So if you have been thinking about becoming a real estate investor, or just thinking about boosting your investment portfolio by buying some rental properties for cashflow, its a good time.

Folks, we are in a recession. "Now is the Time to Buy."

"Local" Real Estate Markets

2008-04-26T22:21:00.000-07:00

There has been a lot of media hype of a recession and "global" downward spiraling real estate values. It is important to remember that the press make their living selling newspapers, and that being said we must keep in mind that there is a difference in "global" versus "local" trends in real estate values. The fact is, all real estate values are highly "local", for example an apartment in down town New York City or San Fransisco are far more expensive, then per say Oklahoma City or for matter a fact Fort Worth. So if you were to remove the three most speculative real estate markets (California, Florida and New York), the rest of the market is not so bad.

The Dallas Business Journal Reports that Dallas was actually named 3rd best market for real estate investors 2007. Three other Texas cities ranked in the top ten as well, including Houston at #1, Fort Worth at #6, and San Antonio at #7. One area in Dallas (University Park) actually experienced double-digit equity growth last year. So when you read "national" trends, buyers beware and do your math right. Real Estate values are very "Local".