Updated over 14 years ago on . Most recent reply
Texas market is still a good market
I invest in the Dallas area and people are still buying homes. There are a lot of foreclosures in the area, but that is great for me. I can buy these houses for pennies on the dollar, and flip them for a profit. Most buyer in my market are 1st time home buyers that can not afford to fix up a house.
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I don't live there so am not as well informed as others but I do believe that you need to watch out for property taxes in Texas. Last time I checked, they were in the 3%+ range which can pretty quickly cut into your expected cash flow if you aren't prepared for it.