Houston: Has your investment strategy adjusted with oil?
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.