Beijing, China · Member since 2016 · 21 posts · 4 votes
Hi,
I am a new investor from china. I had been reading on BP for almost 2 years, but just joined yesterday.
I am hoping to get some advice/feedback from local investors in Houston.
current thoughts:
- I want to buy 15-20 SFR over the next 3 years for long term (10-15 years) buy & hold;
- price range at $120-150K - B area? better tenants pool (vs.$100K and below)?
- rent at 1% - $1200-1500 (expecting to have a small positive cash flow each month)
- a stable area which has good potential to appreciate over 10-15 years time; - low crime, good school district - less than 10 year old houses (to minimize future repairs) - avoid low price, but may never appreciate area - will get PM questions:- 1) what area/neighborhood fit these requirements? 2) any of these requirements very wrong?