Investing in Rural Areas Near Houston
It guess I've stumbled onto something with my marketing reach, because I am getting leads lately from small towns about 30-40 minutes outside the city -- places like Wallis and Cleveland and so forth.
Maybe this is a good thing, but I find it really hard to do comps on those properties. I am wondering if others are investing in the smaller communities around us here and how are you dealing with the lack of data.
In particular, I struggle putting value on the land. A lot of these little places are building-poor but land rich, eg. some crappy 2 bedroom sitting on a 2 acre parcel. Or the house is decent but it has issues, like foundation cracking, etc.
Anyway, if any of you are playing in this space, reach out and let's compare some notes.