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Updated almost 5 years ago on . Most recent reply
Where is the path of progress in Houston, TX?
Currently reading David Greene's book - Buy, Rehab, Rent, Refinance, Repeat. In his book he talks about investing in the path of progress. I'd like to reach out to the Bigger Pockets Community to figure out where the path of progress is in Houston, TX. This is a question I can ask my investor agent, but I'd like to hear some opinions before forming my own!
Most Popular Reply

59 and Grand Parkway is the Valley Ranch development, 45 and Grand Parkway is for all intents and purposes The Woodlands, which I don't think anyone would consider the path of progress if you're familiar with Houston. Now if you keep heading north on 45 I think you can make a strong argument for Conroe. As for Valley Ranch, I work on that development and I'd hardly consider it investor friendly due to all the new home construction, you're buying at retail prices and getting saddled with all the high MUD taxes that come with new developments. I'd consider the older areas west of Lake Houston (Huffman) as investor friendly for rentals and flips with all the new construction happening in the area.
But personally, I view the 290 corridor as where the most rapid growth is poised to happen. TXDOT has recently finished major improvements to 290 and development keeps heading NW into Waller County. Waller County is currently much more rural than Harris County (as a whole) and does not yet have as comprehensive of development regulations, especially when it comes to drainage and floodplain issues. Once you get more companies like Daikan (https://www.bizjournals.com/houston/news/2018/01/26/daikin-to-hire-2-000-more-people-for-houston-area.html) that bring thousands of manufacturing jobs to the area and Texas A&M investing more money into their University system in Prairie View (http://www.pvamu.edu/blog/70-million-engineering-building-coming-to-pvamu-amid-rising-enrollment/) you start to see that all the indicators are there for future growth.
A very similar scenario is happening in Montgomery County now that the northern segments of the Grand Parkway have opened up a lot of land for new development. These areas are close enough to the Woodlands and Houston to give people a lot of options in regards to employment options, community amenities, good schools, and easy access to IAH with a unique mix of suburban and rural lifestyles.