Investment property in Houston

[Arun Maheshwari]

Hi, Looking to buy Investment property,Single Family home in Richmond,Houston.Texas. Is Richmond area good for buying and then renting out Single family home.

[Gregory Schwartz]

Try not to use the word "good" when asking a question like this. It frustrates me when people say, "there are no good deals" or, "can you send me a good deal" but never define it. 

- What price point can you afford?
- What level of repairs are you willing to do?
- Who will manage it?
- What metrics do you use to measure "good"

Ex "Hi I'm looking to buy a single family home in Richmond TX in the $150-200k price range. Im willing to do cosmetic repairs up to about $20k but dont want to deal with a gut job. I will self manage and dont need a lot of cashflow. Are there any house at that price point that would rent for $1200-1500/ month with 20k worth of updating?"

You'll get better answers and less generic advice with a question like that.