Ever since I have joined the site I have read several discussions and saw many deals being offered from the Texas area.It made me wonder what is going on in the Texas market to make it such a hot spot?
Ever since I have joined the site I have read several discussions and saw many deals being offered from the Texas area.It made me wonder what is going on in the Texas market to make it such a hot spot?
It's simple. It's the barbeque...
Others may say that Texas has been adding jobs and population at a steady rate without the excessive run up in real estate prices. There is a nonprofit web site you can find if you search Texaplex that will explain the attraction to Texas.
Go Cowboys!
Tod Radford, Thompson Realty Corporation
Telephone: 817-781-1942
Website: http://www.thompson-realty.com
radyakllc@gmail.com http://www.thompson-realty.com
It's us yankees who start wondering right about this time of year if we can sell everything and have a cash flowing portfolio set up by November. The uh...."scenery" down there isn't so bad either. I think they put must cattle hormones in the school system water.
Lee will jump in on this one so I'll just give him a shoutout. I'm getting down there soon for some fishing once it cools down up here and I need to escape some winter. I'll be giving you a holler.
The reality is that red states, on average, tend to cashflow better across the board. Don't ask me to explain why but it's just a phenomenon that works.
Tim
Tim, I've thought the same thing about red states vs blue states. Do you suppose its a union/political thing? Basically, interference with private enterprise? Or the type of industries that red states attract?
btw, we had a cool front come through. Today's high only mid 90's!
Tod Radford, Thompson Realty Corporation
Telephone: 817-781-1942
Website: http://www.thompson-realty.com
radyakllc@gmail.com http://www.thompson-realty.com
It's a popluar state with high Cap rates that most believe is the key to Cash Flow. It's also cheap.
I have a totally unfair concept that will piss off the liberals on here and it's based on one party constituency's susceptibility to consumerism (aka overpaying). I can't pin it on that though. Out here folks overpay for a used 4x4 all the time. :lol:
I think what may be a factor in it though is that higher "prices" leads to higher property taxes - but more social services. Where I'm at, I don't have as many municipal pools, skating rinks or community organizers as a typical Chicago area suburb....but I'm paying 1% property tax and "prices" keep tax assessments low - thus cashflow up. Those of us that really want a pool can buy our own 2 to 3 times over each year for the difference in property taxes on a 3 bedroom home here vs. Chicago area.
Now you have me thinking if it's not red states, but red counties because I do know of some very conservative counties in Illinois outside of Cook that cashflow well....
I just recently wrote an article on the Texas housing market and how it has managed to stay the healthiest in the country. A lot of success has come from the creation of thousands of jobs and the resulting increase in population. I guess the bbq has had an impact too!
To take a look at my complete report visit [LINK REMOVED]