Investor · Hereford, TX · Member since 2016 · 53 posts · 42 votes
I am an investor in the Texas Panhandle, I currently live in Hereford TX, and invest in this area. I am primarily a buy and hold investor. I bought my first rental about 20 years ago. My wife and I own and operate a construction company; new construction, remodeling, and roofing. In business about 22 years. We currently own 32 rental units, which we manage ourselves. 12 single family homes, 4 duplexes, and 4 triplexes. I discovered the Bigger Pockets Podcasts last year and have learned an incredible amount just listening to them. Most importantly I learned how much I did not know about real estate investing!
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Investor · Hereford, TX · Member since 2016 · 53 posts · 42 votes
10y
Thanks guys!
Midland and Odessa is a boom/bust area. Depends on the price of oil. My kids go to swim meets there and I would often pick up a local paper to read. A few years back they were getting really high prices for property and rental rates. That has all crashed now. Has here is about $1.80, if it goes back to $3.00 the boom will return.