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    Flip for This

    Texas boasts 4 of the best cities to flip a house

    Lindsey Wilson
    Aug 10, 2016 | 12:07 pm
    Man and woman holding paint brushes
    Look extra hard at where you're buying before you flip that house.
    iStock

    The average gross profit from a house flip in 2015 was $55,000. And as tempting as that amount of cash sounds, where investors sink their money matters almost as much as experience and skill.

    WalletHub crunched the numbers to find the best cities to flip houses, and four Texas locales make the list. El Paso comes in third, followed by Lubbock (No. 6), Laredo (No. 10), and Corpus Christi (No. 12).

    The personal finance site looked at things such as the market's overall house-flipping potential (average gross return on investment, median purchase price, housing-market health index, and more); renovation and remodeling costs (a new kitchen will cost how much?); and the area's quality of life (crime rate, median salary, school scores, and the like).

    El Paso ranks 10th for the lowest renovation and remodeling costs, while Lubbock surprises with the greatest flipping potential in the Lone Star State.

    It takes a while for Texas' biggest markets to show up on the list. Arlington is No. 46, San Antonio is No. 59, Austin is No. 66, and Fort Worth is No. 70. Houston lands all the way at No. 101. And Dallas? Well, it's the lowest-ranking Texas city, at No. 112.

    While studying the metrics used to determine the rankings, a few interesting stats popped up. Austin has one of the lowest percentages of home flips, along with Indianapolis, Indiana, and Pittsburgh, Pennsylvania. Plano, meanwhile, has the highest housing-market health index in the country, which doesn't come as a surprise. Despite that honor, it doesn't climb higher than No. 68 on the overall list.

    If you want to try your hand at flipping homes outside Texas, Sioux Falls, South Dakota, and Fort Wayne, Indiana, are the best bets.

    wallethubreports
    news/real-estate

    Parking News

    Dallas replaces dated policy on minimum parking spaces for businesses

    Teresa Gubbins
    May 15, 2025 | 5:26 pm
    full parking lot
    Wikicommons
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    On Wednesday, May 14, the Dallas City Council passed legislation on a long-debated topic: parking. The city removed nearly all of the current parking minimums in favor of a more flexible framework for businesses and other developments on how much off-street parking is required.

    The previous parking codes, which had been in existence for 60 years, required a specific number of parking spaces for housing and other businesses. The new Parking Reform amends Chapter 51 and 51A of the Dallas City Code regarding off-street parking and loading requirements by removing regulations that require certain amounts of parking per property.

    The conversation about how much parking is required was initiated by the City Plan Commission in 2019, and has since been a project for the Dallas Planning & Development Department, working with City Hall, boards and commissions, and the public to come up with a policy that allows flexibility while enabling development.

    They're following a trend that has been embraced in other cities such as Austin, Minneapolis, and Seattle. The vote was 14-1 with the only opposing vote from District 12 council member Cara Mendelsohn.

    Director of Planning & Development Emily Liu called it "a momentous occasion," stating that "we are continuing to move the needle toward a zoning code in Dallas that is clearer and more predictable. Our staff has worked incredibly hard over the past five years to bring this reform to life."

    The new Parking Reform policy applies to off-street parking provided on private property. It does not regulate or change the on-street parking provisions or regulate the street right-of-way. (This is covered by On-Street Parking & Curb Management Policy adopted by Dallas City Council in 2024.)

    Business parking
    Amendments include some notable updates to the city's parking requirements including the removal of these parking mandates:

    • in downtown and within 1/2-mile of light rail and streetcar stations
    • historically designated/landmarked properties
    • offices and most retail uses
    • industrial and heavy commercial land uses except when next to a single-family home located in single-family zoning
    • bars and restaurants under 2,500 square feet (for larger restaurants, the parking minimums will be reduced)
    • institutional and recreation uses

    It maintains mandates for places of worship over 20,000 square feet, and senior high schools.

    Residential parking
    It reduces parking mandates for residential uses, taking a tiered approach for multifamily developments, changing the ratio from a “per bedroom” to a “per dwelling unit” requirement.

    • Larger developments (more than 200 units) will be required to provide at least 1 space per dwelling unit.
    • Medium developments will be required to provide at least one-half space per dwelling unit.
    • Smaller developments (under 20 dwelling units) will have no parking mandates.

    Reserved guest parking for medium and large developments is required, as well as areas for short-term parking for drop-off and pick-up.

    politicsdowntown
    news/real-estate
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