Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Alex Price

Alex Price has started 6 posts and replied 126 times.

Post: Best cities to invest in Texas?

Alex PricePosted
  • Cleveland, OH
  • Posts 133
  • Votes 59
Thanks Todd Faulk

Post: Best cities to invest in Texas?

Alex PricePosted
  • Cleveland, OH
  • Posts 133
  • Votes 59
Mitchell Benson good advice I will do just that.

Post: Best cities to invest in Texas?

Alex PricePosted
  • Cleveland, OH
  • Posts 133
  • Votes 59
Originally posted by @Todd Faulk:

@Alex Price Houston is a great place to live and invest, but geographically speaking it is massive.  @Jim Cummings and @Mitchell Benson are right that Houston has many opportunities both inside the loop, the suburbs and even out to adjacent areas of the city limits.  As an example, Conroe, Texas (just north of Houston) was ranked fastest growing city in America from 2015 - 2016!  

If you are moving to Houston for work I would recommend figuring out your personal housing that accommodates your work situation first.  Depending on where you land there is a good chance that investment opportunities are all around you, and you can work and invest close to home.  I live in North Houston and have at least 5 prime investment markets within 40 minutes of my house.  (The Woodlands, Spring, Magnolia, Conroe, Tomball).

Keep in mind your investment strategy (flood reno, long-term rentals, flips, vacation rentals condos, multi-family) as well, not every part of Houston will be prime for all the different type of real estate investments.

@Sarah Montes is right, Texas is Hot, both figuratively and literally ;)  Dallas and San Antonio are amazing markets as well.  If you have a solid investment strategy and some good connections you should do well.

 Todd that's very exciting to know. I'll be in Houston towards the end of the month, would love to meet if you have time. 

Interesting Brett Goldsmith I would’ve thought 6-8% for California is like a gold mine. I’m seeing cap rates as low as 3-4% being advertised. Where I’m from depending on if you’re buying turnkey or fixer upper you can average between 12-20%
David Oldenburg ok if he did that’d be awesome, I’d love to see it.

Post: Best cities to invest in Texas?

Alex PricePosted
  • Cleveland, OH
  • Posts 133
  • Votes 59
Sarah Montes and Mitchell Benson how are the wholesale deals and buy, fix & hold deals?

Post: Best cities to invest in Texas?

Alex PricePosted
  • Cleveland, OH
  • Posts 133
  • Votes 59
Originally posted by @Jim Cummings:

@Alex Price. Your Question - "Which cities seem to be giving the best returns for rental income and appreciation in Texas currently without any signs of slowing down over next 5 years?"

Moving to Houston will be a good start! But the answer to your question is unknown and unknowable! Too many moving parts to be able to define with certainty what happens to any city within next five years. Having said that, I think you could start with the cities in and around Houston that have done well in the past: The Woodlands, Conroe, Spring, Katy, Tomball, Friendswood, etc, etc. 

Hopefully, more knowledgeable Houston investors will chime in and add to the list of possible good places to invest.

 Thanks Jim, I've been looking online but it's nothing like having boots on the ground and being in the area. 

Post: 48 unit closing on Monday

Alex PricePosted
  • Cleveland, OH
  • Posts 133
  • Votes 59

Congratulations!

I missed this event will you be doing another one? Or Podcast on this subject?

I live in Ohio and so I'm used to a certain rate of return. I've never invested outside of Ohio so I'd like to know what is considered good cap rate when investing in other cities such as Las Vegas, Los Angeles, Atlanta, etc?