April 2013 RSS Feed

Found 2 blog entries for April 2013.

Phoenix. Las Vegas. Dallas? All of these cities have over the last few years seen a HUGE slew of investors and prospectors hoping to cash in on the perfect storm. Large amounts of affordable homes available for sale and high rental rates. But with investment bubbles all over the country bursting, how is it that Dallas still seems to be going strong? And are there any good deals left for property investors?

You might have read recently on our other blog that Billionaire B. Wayne Hughes, founder of Public Storage, purchased 200 investment properties in Dallas with the hopes of turning them into rental homes, and eventually selling them at a profit. In fact, his advisors as of March 2013 still believe that Dallas homes are undervalued by about 20-30%. But…

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Big news in the North Texas real estate market, as awareness of a new institutional investor spreads across communities. Billionaire B. Wayne Hughes, founder of Public Storage, and the newly-founded American Homes 4 Rent, has recently purchased close to 200 homes in the Dallas market and with plans to turn all of them into rental properties.  

American Homes 4 Rent is now the largest institutional investor in North Texas covering Dallas, Collin, Tarrant and Denton counties. Aside from the monopoly being created in the metroplex, nationwide American Homes 4 Rent has purchased close to a further 10,000 homes. This makes it the second-largest accumulation of single-family homes in the history of the USA. 

Due to the aggressive collection of homes, this…

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