Investment property in Houston

Investor-friendly agents in Houston, TX

See the agents BiggerPockets members work with in Houston, TX.

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Gregory SchwartzBusiness Member
Rental Property Investor · College Station, TX · Member since 2016 · 1k+ posts · 1k+ votes
1y

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. 

[email protected]443-812-0357
Schwartz Realty Group5118 Reviews
WebsiteView Page
1Reply
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9 Replies

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 728 votes
    1y

    Hey @Arun Maheshwari, welcome to the BP Forum! I just did a quick search of the area and there appears to be an ample supply of properties with an average rent of approximately $1.10/SF. Do you have a price range you're targeting or a number of bedrooms or SF?

    [email protected]
    0Reply
  • Jared Smith
    Real Estate Agent · Lakeland, TN · Member since 2015 · 214 posts · 105 votes
    1y

    @Arun Maheshwari we work with clients to find turnkey rentals in Houston, DFW, and San Antonio in TX, but also have 8 other markets we're in across the Midwest/midsouth. TX market has been a popular choice for those seeking higher appreciation. If you have any questions about this or any other markets I would be happy to answer any of those questions!

    0Reply
  • Ryan BlakePro Member
    Lender · TX · Member since 2018 · 936 posts · 713 votes
    1y

    @Arun Maheshwari Richmond and Rosenburg have effectively become immediate suburbs of Houston with the continued sprawl. It is a good place for flips. Rentals are tough based on the rents vs the purchase price of homes out there. It all depends on what your requirement for cash flow is.

    [email protected]214-420-7324
    0Reply
  • Bryant Xavier
    Realtor · College Station, TX · Member since 2020 · 121 posts · 58 votes
    1y

    Hi there! Richmond, Texas, has been growing and evolving, making it an interesting area for investment properties. However, the suitability of buying and renting out a single-family home in Richmond can depend on various factors, such as market trends, rental demand, and property values (similar case with all markets, really.)

    Chatting with a local agent in the area can provide very helpful insights into the market, data, and specific neighborhoods. I have some great agents in the area that I can introduce you to, who can help you make an informed decision and find the right property for your investment goals. Feel free to reach out if you'd like an introduction!

    1Reply
  • Justin BrickmanBusiness Member
    Realtor · San Antonio, TX · Member since 2021 · 503 posts · 274 votes
    1y

    Many good rental options in San Antonio/New Braunfels area. STR, MTR or LTR

    [email protected]210-827-6020
    Justin Brickman Realty4.9137 Reviews
    WebsiteView Page
    0Reply
  • Gregory SchwartzBusiness Member
    Rental Property Investor · College Station, TX · Member since 2016 · 1k+ posts · 1k+ votes
    1y

    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. 

    [email protected]443-812-0357
    Schwartz Realty Group5118 Reviews
    WebsiteView Page
    1Reply
  • Tanarat Bunchom
    Lender · Dallas, TX · Member since 2024 · 50 posts · 24 votes
    1y

    Hello, Arun. Richmond, TX, is a great place to invest in single-family rentals. It’s growing fast, has good schools, and offers affordable homes compared to Houston. The demand for rentals is strong, making it a solid option. Just be sure to check property taxes, insurance costs, and the local rental market before buying.

    0Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    1y

    @Arun Maheshwari

    From my experience of working with over 400 investors, Richmond, Texas, is a promising location for single-family home investments due to its growing population, suburban appeal, and proximity to Houston's strong job market. To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs. With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.

    Good luck!

    [email protected]832-776-9582Podcast Guest on Show #469
    NETWORTH BUILDERS5237 Reviews
    WebsiteView Page
    1Reply
  • Morgan Tondre
    NJ · Member since 2024 · 207 posts · 91 votes
    1y

    Welcome ro BP, @Arun Maheshwari! Agreed with everyone here - You're headed in a good direction here. Best of luck!

    0Reply
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