Rentals in Houston and looking for a Houston RE Agent

[Bryan Pham]

Hi BP,

I been traveling to Houston very frequently and became very interested in possibly investing in the local market. I want to hear from the local BP communities on their thoughts on buy/hold on the market around here. Is there is particular things I should look for and keep an eye out such as additional taxes, property management companies that I should be aware of? I will be posting more frequently as this process gets more serious to keep the BP well informed. 

[Rudy Hernandez]

Bryan Pham

Welcome to BP! Ive lived in Houston for 11 years now, having moved here from New York. I have seen areas grow rapidly and steadily but they all have something in common, growth. I believe Houston and Dallas area to be strong areas for rental. The biggest takeaway from my experience in the Houston market is rental cash flow/ rent. Usually people use the 1-2% rule of thumb to determine cash flow. I find that in a B class neighborhood you will get 1% most of the time, you may get higher in C CMAs neighborhoods. I stay with in B and above due to surround highly rated schools, restaurants, etc. around the home. And more importantly, the type of renters I encounter are better.

Hopefully the above is enough initial information to get you started and motivated to look into Houston area for investment. Best wishes!