The Bronx, NY · Member since 2018 · 4 posts · 1 vote
Hello! I am planning on buying a property in Texas to start my real estate journey. Are there any cities in Texas that you would recommend looking at when purchasing property? I am currently looking at DFW area.
Houston continues to be misunderstood as the oil-centric flood ridden city, but there is so much more to Houston!
Houston has the largest medical center in the world (listen, the entire world!) and we have one of the biggest ports in the entire country. Of course, I could go on and on.
Houston's home affordability and cost of living, when compared to DFW and Austin, are still relatively low. Look into it!
Hi! I am a local real estate agent and invest in Galveston, TX. The market here is hot! We are currently house hacking and Airbnb our properties. Please let me know how I can help! Feel free to dm
As homeowners and investors, my wife and I love DFW! The DFW market has exploded over the last 5-7 years. There are always opportunities for those who recognize them quickly and have realistic expectations.
The DFW and Dallas Love Field airports make it easy to get just about anywhere. The overall economy is strong with great industry diversity. Our high property taxes pay for excellent public schools in the suburbs. Also, there's no shortage of restaurants and shopping. I share this because renters and buyers often have similar criteria. Hope this helps.
I would highly suggest you speak to @Andrew Roth about the Texas markets. He recently visited each one to educate himself on the different areas and is now a wealth of knowledge.
If you find yourself in Houston or Galveston, I am happy to help in any way I can.
@Timothy Church is also in Galveston and knows the island VERY well.
Houston continues to be misunderstood as the oil-centric flood ridden city, but there is so much more to Houston!
Houston has the largest medical center in the world (listen, the entire world!) and we have one of the biggest ports in the entire country. Of course, I could go on and on.
Houston's home affordability and cost of living, when compared to DFW and Austin, are still relatively low. Look into it!
Houston continues to be misunderstood as the oil-centric flood ridden city, but there is so much more to Houston!
Houston has the largest medical center in the world (listen, the entire world!) and we have one of the biggest ports in the entire country. Of course, I could go on and on.
Houston's home affordability and cost of living, when compared to DFW and Austin, are still relatively low. Look into it!
As a fellow son of H-Town, I love this gentleman's enthusiasm for the (lest anyone forget) 4th largest city in the United States. Everything he says is true, its a fabulous and generally vastly underrated city. J.
As @Holly Kaufman mentioned, I recently took a roadtrip to various cities in Texas Met some amazing agents and investors who showed me around and taught me about various markets Give me a shout if you'd like! I'd be happy to share what I've learned
I don't think the issue is so much about a city as it is about a particular neighborhood or area. In any city you might find good areas and bad areas to invest in. And even then, it's about the particular property. I prefer to invest in neighborhoods that I know well and that are close to me. I have 6 properties that are within 10 minutes of one another. It makes it easy to keep an eye on them.
As @Holly Kaufman mentioned, I recently took a roadtrip to various cities in Texas Met some amazing agents and investors who showed me around and taught me about various markets Give me a shout if you'd like! I'd be happy to share what I've learned
How are you guys finding deals in these hot markets? Or are you paying close to retail? Newbie question
I was going to ask similar, what is considered a deal in DFW, Houston, and Austin? I'm open to expanding our business beyond the midwest, but the numbers have to make sense. I know the appreciation is probably there, but wondering about cash flow at a high cost of entry also.
@Cassandra Henry I will suggest you take a deeper look into Houston and San Antonio.
You have already received great reasons why you should consider it as stated by @Ola Dantis Just be ready to move quickly as the market is super hot right now.
I can chat with you if you have specific questions.
Definitely look into Houston. I live here and just invested in my first rental with little to no issues. There are PLENTY of neighborhoods that are steadily being converted to well managed and investor driven communities. The question for the last year here in Houston has not been, where can I find a deal. It's truly, how much money do you have to invest? It's amazing here. Moving to the ATL in August (getting married) and I am scrambling to invest in as many Houston properties as I can before I move. Wonderful opportunities.