I was reading the paper this morning and I came across an article in the Dallas Morning News talking about the housing supply in North Texas hitting its lowest point in 12 years!
This is good and bad for investors like us. The good is that people are paying top dollar for move-in-ready homes. The bad news, all the fixer-uppers in the good neighborhoods are being bought up by buyers that are starting to get savvy to the benefits of real estate investing.
All this means is that you have to be more aggressive and open-minded than before. Look to transitional neighborhoods, follow builders, and follow the construction of the tollways. Tollways will put neighborhoods onto the radar for a larger scope of buyers. Get to those houses before the prices catch up to the market.