Spring, TX · Member since 2017 · 2 posts · 0 votes
Hello All,
I'm very new to real estate market, but want to buy my 1st investment property for renting it. Can you please tell me if its right time to buy a house in Houston and what all the things to consider before buying a house.
I'm also thinking to have property management firm to handle it , as I'm pretty new to this business..
Houston can be a great time to buy and can be a bad time to buy, all depending on your goals and what your plan is. We manage about 700 homes in Houston and have all types of investors from local to 50% of our clients live out of state or out of country. Some like the market and are buying more, others are selling. Everyone has different plans, the key is to make sure when you buy a property that you buy it with the goal in mind. I bought about 35 homes with in 2 years in Houston and only about 5 of them matched my true goals. The other ones just "Seemed like good deals" They were good deals just not for me and not for what the reason I started getting into real estate.
If I could give some advice I would say start with the end in mind, understand why you are buying properties and work the end goal backwards into actionable steps and that is your strategy.
I am also in Houston, If you ever want to chat I would be happy to help you and give you some advice
@Steve Rozenberg Thanks for your response, Sure will get in touch with you..
I'm looking for Rental property for long term that will pay my mortgage payment on its own, So that I dint need to pay much each month. So looking for key things to consider before buying a home for rental.