West Houston vs Sealy
I have been a BiggerPockets subscriber for about six months and have been learning as much as I can to analyze my options. I work inside the Houston area, though I live outside Houston, SW about 30 miles. I drive through the Fulshear and Katy area on a regular basis for business and see a huge amount of new construction and new business. New businesses are following Amazon long this part of I10, outside Houston. When I Zillow the area low and look at the amount of rentals available it scares me, its a lot and so many are recently added as available. The rental rates are high, but the competition is high also. Then I look out my way, at a town like Sealy, along I10, which is surely to grow since it is only 8 miles from the Katy Expansion and wonder if that is where to focus. Rents aren't as high, but I feel that the deals might be better. Trying to avoid the analysis paralysis and want to start a marketing campaign but realize that where ever I start it will need to be a 6-12 investment.
Any thoughts about which is a better long term area to farm. Remember, I am not looking for flips or wholesaling units, but rather long term passive income opportunities.
Thanks,
Bill