Investing in west Texas....Pecos
I'm hoping someone here has some insight into the market in west Texas, specifically Pecos and Reeves county. I have been offered an investment opportunity that cash flows very well on a new construction duplex. Builder claims very high occupancy rate due to big oil boom in that area after discovery of possibly the biggest oil field in the world late last year. The economy is ramping up in that area to support the massive drilling/fracking that is to come with housing being a major player. Is there anyone from that area that can confirm or report on what is happening there?