Hello,
I’m looking at the RGV area to buy a 4-plex. Im not very familiar with the area but it looks like there are some good cap rates available. It does look like property taxes are unusually high though. I’m curious to get others though on the area. Is it growing? How the rental pool?
Thanks!
Eric
Investor · Jericho, NY · Member since 2015 · 171 posts · 148 votes
7y
@Eric Healy: Its a very specific question related to that location. One suggestion that I have is that search for members from that area in the members section and see who is active there. Try to connect with them and ask them questions. You can do the same thing by contacting the local agents who are active.
As far as the market growth is concerned, you will have to look at the overall statistics and see if the data for that MSA is pointing towards the growth. You can check: - population growth - job growth - job diversity - demographics - etc.