All Forum Posts by: Tyler Bradfield

Welcome Jonathan! 

I would also recommend the BP podcasts as well. They've been a great resource for my business, and something that I can listen to while doing paperwork, working out, or driving. What is your experience with College Station, did you go to A&M?

Andrew, I'm an agent in Bryan/College Station, that specializes in residential investment properties. I'd love to talk to your goals and what your looking for. Feel free to give me a call to discuss.

Originally posted by @Bradley Gaulden:

@Marc MurchisonWe have bounds and bounds of land to expand! :) lol so It is certainly far from done growing. I agree that the crazy boom in CS down off of William D Fitch and other areas is something to consider for being overbuilt. those homes aren't geared towards student rentals and I just don't see current economic drivers allowing for non-students to absorb the inventory. Although, it is giving non-students options to move to areas away from students allowing for investors to come in and create "student neighborhoods". I feel like the whole area behind Northgate between College Main and Welbourn is majority students in those older homes. as the University grows more jobs and services are brought in and provide jobs for people. Its certainly a different market from Dallas and SMU or Houston and Rice. 

The economy in College Station is actually doing quite well, and its not all student driven. Housing inventory in January was at 2.9 months, which points to a constrained supply. While Texas A&M is far and away the largest employer in the area, remember that that includes all the ancillary functions of TAMUS as well, including Agrilife and Engineering Extension agencies. Hospitality, retirement, and health care are all growing sectors that have me bullish on BCS for the foreseeable future. If oil rebounds, and the Texas Central Railway is built, I'd expect massive growth over the next ten years.

I think that when we see a decline in college enrollment, it will have a far greater impact on the smaller satellite campuses and commuter schools, and a substantial, but less serious impact on the major flagship universities. The Texas A&M's, Ohio State's, UT's, OU's of the world will do continue to do well, while the UTSA's, UNT's, and Florida Atlantic's of the world will struggle. 

Howdy Darlene, and welcome to BP! College Station is a great market. Rents are strong, and for the most part, Aggies tend to be more respectful of the properties than other campus communities. The most important thing is to find the right deals. I tend to agree with you on buying new construction. You can both maximize rents and minimize cap ex. If you get into the right neighborhoods, new construction will also appreciate more quickly than other properties. I also would suggest finding an excellent property manager, that fits your personality. I can recommend a few in town if you would like. While they do consume some of your profit, a good manager can prevent all kinds of problems, will maximize rental income, and will handle all the headaches. I would love to meet you and your family next time your in town. Let me know if I can help y'all in any way, shape, or form. Best wishes & Gig Em! Tyler Bradfield C/o 2014

Originally posted by @Lundin Matthews:

Great area to own rental property! I have 3 rentals around town. The B/CS area is a different animal from any other area in Texas. Tons of great flips and there are investors always looking to buy good quality homes around campus, but homes there will almost never go up in value from year to year.

Btw I have a turnkey property that is very nice and clean message me for details.

 Lundin,

I'm curious as to the location of your 3 rental properties. As a general rule of thumb, we're seeing annual appreciation of around 3.25%, if not more, depending on the location of the property.  The few areas I wouldn't say have followed suit have been North Bryan and Duplexes in South College Station (Edelweis Gardens area). The only reason the SCS duplexes haven't seen much appreciation is because the near campus development has pulled students closer to campus, and rent growth has been stagnant over the past 5 years or so.

Otherwise I agree with all your other comments. 

Welcome Ryan, if you want to meet up for a beer to talk REI or if I can be a resource at all, please let me know.

I haven't used them personally, but after asking around my office and the online reviews, Exquisite Concrete Design seems to be the consensus. http://www.ecdconcrete.com/

Welcome Justin! I've learned that BP is a great resource for all things REI related. Be sure to check out the podcasts! What is your strategy as you begin this adventure into RE investing?

Good to see other folks from Aggieland on BP Colin! BP is a tremendous asset to both new and experienced investors. If you haven't already checked out the podcasts, I highly recommend them. If there's ever anything I can do or if you just want to grab a beer and talk REI, then let me know. Good luck!

Hey Denise, 

Welcome, I'm just starting to get plugged in on the forums as well, but have listened to a ton of the podcasts. How'd you wind up here and what part of Houston are you in?

TRB