Newbie Real Estate Investor in TX

Lubbock, TX · Member since 2016 · 5 posts · 0 votes

My husband and I are looking to invest in some buy and hold rental properties in Lubbock, TX. My husband has been a carpenter in the past, but other than our own home, that is our experience in real estate. We are anxious to learn all we can about the field, particularly in West Texas. I am grateful for all I have learned already from being a part of Bigger Pockets!

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Jeremiah Phillips

Investor · Greenville, SC · Member since 2016 · 24 posts · 5 votes

10y

Welcome Jennifer! My company Harmon Blue, is Lubbock's Real Estate Solutions company. Which means we can help you with all of your real estate needs. The type of rental you're looking for will determine what part of town would best suit you. I'm also the president of the Lubbock REIA. Where we focus on educating the local investor community on the latest strategies and market trends. It's a great place to find incredible deals too. Please feel free to reach out to me directly or come to an upcoming REIA meeting.

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Michael S.Pro Member
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
10y
Welcome to Biggerpockets Jennifer. Great to have you here in the community
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Sawyer Pace
Flipper · Tempe, AZ · Member since 2016 · 11 posts · 7 votes
10y
Hi Jennifer! I'm a local Wholesaler/Rehabber in Lubbock and we're really in a great city for ROI from rentals. Everyone raves about Tech Terrace and the area near campus but the houses are so expensive that your return decreases really fast. From my experience it seems the sweet spots if you're not wanting to deal with the East side of town is NW Lubbock, homes south of 34th St. but west of University, and homes south of 50th but east of University. From what I've seen you can get those houses at a good price with great rent.
As a wholesaler I come across properties all over Lubbock (rehabs & turn-key rentals) so I know I can find you a great first rental property!
Hope this helped!
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Jeremiah Phillips
Investor · Greenville, SC · Member since 2016 · 24 posts · 5 votes
10y
Welcome Jennifer! My company Harmon Blue, is Lubbock's Real Estate Solutions company. Which means we can help you with all of your real estate needs. The type of rental you're looking for will determine what part of town would best suit you. I'm also the president of the Lubbock REIA. Where we focus on educating the local investor community on the latest strategies and market trends. It's a great place to find incredible deals too. Please feel free to reach out to me directly or come to an upcoming REIA meeting.
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Jennifer Sisson
OP
Lubbock, TX · Member since 2016 · 5 posts · 0 votes
10y
Thanks everyone for the warm welcome! @Jeremiah Phillips When and where are the Lubbock REIA meetings? I saw an older post that they were at Harrigan's on a certain Tuesday or something, but I don't know whether or not that was dated information.
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Jeremiah Phillips
Investor · Greenville, SC · Member since 2016 · 24 posts · 5 votes
10y
The REIA meeting are on the 3rd Thursday of the month. We meet at Harrigan from 12-1pm but you can take advantage of the networking before and after if you have time. Find myself and the REIA on social media to stay up to date with all of our events.
Jeremiah
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