Sherman, TX market

[Laura Yelin]

Hello BP's:

We're looking to start building our real estate portfolio, right now analyzing different market to find the right one for us.

We were wondering if anybody has experience in Sherman, TX market? it looks like there's a lot of development and even thought prices are a bit higher than other areas, but it seems that it's just got started. 

I live in San Diego, CA and not familiar with Sherman, TX, so every piece of info would be highly appreciated.

Thanks!

Laura

[Marc S.]

Hi Laura, I just went into contract on a 4/2 in Sherman that is already tenant leased.  The economic investment being made there with Semiconductor chip factories was one of the driving decisions of my investment purchase. Not to mention the economic development steps the town is taking in ensuring the growth of town (roads, schools, zoning) stays on par with the future expected population growth and new jobs that are going to be a result of the new factories opening.  

There was positive population growth, medium home price growth, low unemployment, good rent to home ratios, and low crime, all of which are factors when I start looking into an area to invest in.  

Let me know if you have any questions or need any recommendations.