Updated almost 10 years ago on . Most recent reply
Spring, TX purchase from MLS. Looking for advise please
Hi All,
I am from California and this would be my 1st out of state investing. I know Humble/Spring, TX area through work travel couple times. but not much on the market or rental market. I hope if you are in this area you can give me some advises. I am in the process of purchasing a 3beds 2 bath build 2008 single family home in Spring TX through MLS listing. I just spot the property through Redfin. I od'nt have agent represent me. The property listed for 150k. look like a decent price when i check the area sold for around. I offered 131k and seller counter it at 135k. the house in good condition. seller just move on and bought land and build his/her own dream house per seller agent.
I check rentometer, craiglist, zillow rent is around 1300-1400 for this area. tax is around 3.167%. insurance around 1200/year
Should I move forward with the purchase of 135k? Can you confirm if this area would be easy to rent out for 1400/ month?
Your oppion are greatly appreciated for a newbie of out of state investing
Happy holidays