Is this a good area ?
3/2 completely redone property zip 77016 .out of state investor leary of area and appreciation value ROI ,rents
Hello Aysha! I don't work in Texas but I do recommend searching for agents in Houston on this website. They will guide you on which areas have the highest chances of appreciation and inform you of rental rates. Hope this helps!
thank you Valentina .I am working with a realtor ,she gives me a blanket statement "all of Houston is appreciating ".
Hey, hard to say exactly what is good or not because it depends on you. I will tell you that this is not the most desirable of location In Houston it has low rental rates with a high crime rate and a lot of older homes. However, there is a lot of potential low home costs, I don’t believe this is a flood zone and a lot of potential for flips or even new constructs if that is more of your interest.
thank you Reginald
This one is a newly flipped home as you plus is that cost is low but Cash flow is tight ~200$/month .Per my realtor gentrification happening all over Houston .This is mind boggling closing in 2days .
what would a bigger pockets Pro do ?
I Personally had some land under contract this past December/January but ended up forfeiting my deposit due to issues with the seller. However, if you’re looking for a single family home to buy & hold this area may give you some headaches. If you were doing the flip and going to try and brrrr this property I would suggest it. But your realtor is not wrong Houston is Gentrifying and probably 1-2 streets over you will see some new constructs or newly renovated homes so this may be a good appreciation play. Something that has been a motif on some of the more recent podcasts for long distance investing is also investing the money into viewing the property in person I would definitely suggest this.
thanks Reginald
appreciate the insight
Hey Aysha, I am an investor agent and the area may change depending on your goal and criteria.
However, here is a link to understand the Houston market a little better.
-
Real Estate Agent Texas (#736740)
- (832) 776-9582
- https://tinyurl.com/f4ce9n8j
- [email protected]
- Podcast Guest on Show #469
Hi Aysha, we are currently working with wholesalers in Trinity/Houston Gardens. There is a good amount of BFR interest due to lower land costs and the demand for smaller homes. A good supply of renters with close proximity to Downtown. The downside is a potential crime and the schools in the area which people have already mentioned. I believe this area will see many new developments in the coming years.