Recent transplant to Houston - time to invest?

Question

Hi everyone,

My name is Jonathan and I recently moved to Houston, TX.

I have begun looking around at properties. Would love to hear from local landlords about their experiences here in Houston. How the market is performing here, best places to consider for investing, pros and cons of the local market and any other valuable information you are able to share.

I look forward to engaging and sharing with the community.

Cheers,

Jonathan

Account Closed · Answer

Its either always a good time to invest or its never a good time.

that 100% depends on your ability to overcome the excuses the market allows.

Michael Dang · Answer

Welcome to Houston!  Really understand the various submarkets, economic drivers, and path of growth. Understand your risk tolerance.  Build relationships in the Houston area as these will help you tremendously.  Read a report recently that 2019 outlook for Houston is very positive with mentions of over 100K of new jobs and the residential and commercial real estate sectors continuing their positive numbers.

Find those local real estate meetup groups and network.  Lot's of online tools to help you learn more about crime, medium income, demographic data, and etc.

John Franklin · Answer

Hi Jonathan,

Welcome to my hometown!

Houston is made up of hundreds of sub markets.  If you find a part of town you like, start near there.

Because there is no zoning in the city, and land for miles in each direction, New Development is less restrictive than other cities.

Additionally, almost 100,000 residences were flooded in 2017 and a lot of SF homes you’ll look at (all over town) are rehabbed flood homes with potentially higher insurance costs and possibly less appreciation over the next few years due to market stigma.  Do your research on TX seller disclosure law and know the right questions to ask.  Or better yet, hire an experienced Houston Realtor.

Not sure if you’re new to Texas but make sure you understand the property tax system and that taxes are generally higher than many other US areas.  They can jump up quick if your RE is under assessed.

Good luck!

Erica Castro · Answer

Welcome to the big H. Like many others said going to the REI events will really helps. Account Closed said it perfect.

Tony Castronovo · Answer

Hi Jonathan. Welcome to Houston. What are you looking to invest in? Single family, Multi family, commercial? Not sure your price point and other parameters. In general, you will find homes at reasonable costs here in the area. But taxes can eat up your cash flow. Still, a great place to invest in RE.

Justin Robert · Answer

@Jonathan Dicks Welcome. "Houston" is a broad city. Have you looked at joining a local REI group?

Recent transplant to Houston - time to invest?

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