Texas is not known as a great place to do RE investment

For 2 main reasons:

1. Appreciation potential is small in general (no zoning and endless land supply is a big problem)

2. Property tax and insurance cost high - which makes carrying cost high

So it is weak on both sides of the RE investment coin.

It's doable, but there are better places.

In a city like Houston, look for more central locations, such as within the loop or near the loop, close to major employment centers (memorial, medical center, upper town) AND the best school areas near the loops, because these areas allievate problem #1 mentioned above, which makes appreciation potential better. But you pay for what you get. At these nicer areas, the properties are much more expensive - can match that of the coastal states. As a rental, your ratio will not be much better than the expensive states.

 

所有跟帖： 

• 那些地方自住還行，投資根本沒有正現金流，隻有賭增值。 -melody2010- ♀ (200 bytes) () 10/06/2012 postreply 14:42:35

• Absolutely. 自住 is not a problem. -beachlver- ♂ (0 bytes) () 10/06/2012 postreply 14:46:32

• 回複：Texas is not known as a great place to do RE investment -finmas- ♂ (251 bytes) () 10/06/2012 postreply 14:44:45