Do you think the options are limited for homes and homesites in DFW under $100k? Yes - the opening price point of a new home is above $100k from most builders, but the resale opportunities under $100,000 right now are good for those who are tired of renting apartments or investors who are wanting to pick up rental properties or flips.
From $14,000, you can pick up a home site, and from $40,000, you can pick up a home.
The home options in the $60-80k range I toured with a buyer recently and some of them are really adorable if you don't require a lot of square footage. Some need some work. Some need only cosmetic. It's a mixed bag.
If it sounds too good to be true, it very likely is too good to be true (that 4,000 square foot home for $100,000 really is trashed beyond belief). But, before you renew that lease, or give up that idea of jumping on the bandwagon and buying income property, keep in mind that this is the best buying market in 45 years. The time is now. And, the opportunities is McKinney are many.
Have a blessed day!
Ronda Allen, Realtor, Certified Purchasing Manager
Keith Dobbs Team at RE/MAX Dallas Suburbs