Investor · Phoenix, AZ · Member since 2015 · 191 posts · 152 votes
As oil slides and layoffs continue in the Houston area, I believe most r/e investors are making some form of adjustment(s) to their portfolios or the way they buy, or what they buy.
My investor clients seem to be all over the map in terms of their approach. I would say the most surprising statistic that I found is most of my clients are still investing in real estate in some way, and are not pulling out of the Houston market completely. That was refreshing.
I found the majority have backed off of the higher end flips and have moved into lower end flips(200k &below). Many have backed off of flips completely and are now looking for rentals only. I also have the opposite- several investors who were only purchasing rentals before, and now feel more comfortable moving into flips.
Like I said, all over the map. I think it would be interesting to hear what the Biggerpockets community is doing to adjust their portfolios/strategy.
Hi Trey, I just moved here from Nj. I was planning on doing multi family buy and holds but since being here I think I may go with a single family brrrr strategy. I feel the single family is easier to liquidate in a market such as this one if it happens to get this bad again.
Plus I love rehab so this strategy should keep me content for the time being.