Investing In Wichita Falls
The housing market is staying steady and on top here in the Falls. And, with as much hype as people are making about it, the local drought has not affected the real estate industry here at all! With that being said, Wichita, is a high-turnover town in need of some good investors to help keep up this strong rental demand in the city.
Why buy here you might ask? Simply because Wichita is practically centered around everything! It's about 40 minutes from Oklahoma, and roughly 2 hours from Dallas/Ft. Worth. There are also many great features that will drive more people to live here. One, main reason, is Sheppard Air Force Base, which brings in new potential renters each day! And the best part with leasing out to a member of the Armed Forces, is that... If they don't pay rent, you can just go straight to their commanding officer, and they will ensure they will pay the rent!
Compare A New Investment To Current Rental Properties
Wichita is also a hot spot for lower priced homes, especially bank owned HUD homes. Buying one of these can get you a home in a much lower price than that of the appraisal. And if you're really lucky, they might even be move in ready and could clear a good amount. But defiantly get an inspector to check out the home before you move to close!
Another benefit of having properties, here is that there are 25 public and 6 private schools. So almost anywhere you buy, there's a good chance there is a school right next door, which is perfect for families! Yet when you add Castaway Cove Water Park and The Plex Family Entertainment Center into fact, it gives an even bigger reason to have families move into one of your properties! People come from all around the world to compete in the Hotter-n-Hell 100 mile bike race every August. And, a little-known fact is Wichita Falls is the smallest city in the United States with an active symphony and ballet. So there is something for everyone. Check out www.ChoseWichitaFalls.com to find out what events are coming up. This site is filled with events every week.
So, if you aren't already with an agent, please contact me. I have many years of experience being an investor myself. That, plus the fact I will have the fiduciary duty to look into your best interest only heightens the fact that I am dedicated to helping you find that perfect investment property here in lovely Wichita Falls!
Call Or Email Me Today! 940-704-7058 - TimothyLockhart@kw.com
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