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Updated almost 2 years ago, 02/21/2023
Developing Connections in Houston, Texas
Looking to connect with realtors and investors in the Houston, Texas area. I plan on purchasing a duplex or triplex and would love some advice from others who have worked with out of state investors.
Hey Courtney! Glad to see you choosing Houston!
I work with clients and investors form out of state often. I actually got two properties under contract this weekend, one of which is a military family PCSing to the area. I treat my out of state clients like I do my in state, with over the top communication. Transparency and open lines of communication are paramount to making sure someone who is not physically here feels like they are, here. I do live showings on zoom/facetime etc rather than video recordings that way my client is able to provide instant feedback, making sure that we hit all of the areas of the property that are important to them.
Big picture, if you are looking into the Houston area for Multifamily, I would look at the neighborhood websites with school, crime data etc to make sure those areas are where you want to own. There are some areas in town, Galveston island being one, that allow of ADUs on the property, allowing a detached garage to become a second unit. Doing something like this allows for forced appreciation, helping your numbers significantly.
Feel free to reach out anytime if you have any questions about the market over this way, love helping other Realtors invest!
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Quote from @Courtney Jenkins:
Looking to connect with realtors and investors in the Houston, Texas area. I plan on purchasing a duplex or triplex and would love some advice from others who have worked with out of state investors.
Houston is a lucrative opportunity for investors. With a strong and stable economy, growing population, diverse industries, and world-class amenities, Houston's real estate profile offers a range of options with various price points to suit different investment strategies. The city and surrounding areas' robust job market, relatively low cost of living, and pro-business climate make it an attractive destination for in-state an out of state investors. There is a high demand for housing as well as sustained appreciation in property values over time in many areas of the city. The key is finding the right property.
Happy to connect with you Courtney so I can learn more about you, your investment plans and the strategies you are looking to pursue in the Houston area.
Hey Courtney,
Houston's weather is much nicer in December than New Jersey's. LOL. I've heard that New Jersey has high property and income taxes. One thing to consider when you are looking in Houston is the property taxes. The city has been more aggressive than in previous years when it comes to appraising properties. Years ago, the property appraisal was low and your purchase price didn't affect new taxes very much; now it jumps immediately to what you purchased the property for, which can whack out your cash flow. The city passed a new ordinance that will make building triplexes more affordable; soon you'll see more triplexes and fourplexes as new construction rather than having to buy an old 1930s construction project. This will be especially good for out-of-state buyers, you want to keep maintenance costs low so they can get a nice return on your investment.
Best of Luck
Quote from @Karl McGarvey:
Hey Courtney! Glad to see you choosing Houston!
I work with clients and investors form out of state often. I actually got two properties under contract this weekend, one of which is a military family PCSing to the area. I treat my out of state clients like I do my in state, with over the top communication. Transparency and open lines of communication are paramount to making sure someone who is not physically here feels like they are, here. I do live showings on zoom/facetime etc rather than video recordings that way my client is able to provide instant feedback, making sure that we hit all of the areas of the property that are important to them.
Big picture, if you are looking into the Houston area for Multifamily, I would look at the neighborhood websites with school, crime data etc to make sure those areas are where you want to own. There are some areas in town, Galveston island being one, that allow of ADUs on the property, allowing a detached garage to become a second unit. Doing something like this allows for forced appreciation, helping your numbers significantly.
Feel free to reach out anytime if you have any questions about the market over this way, love helping other Realtors invest!
Thank you so much for this! I will reach out to you if I have any questions!
Quote from @Taj Akinbode:
Quote from @Courtney Jenkins:
Looking to connect with realtors and investors in the Houston, Texas area. I plan on purchasing a duplex or triplex and would love some advice from others who have worked with out of state investors.
Houston is a lucrative opportunity for investors. With a strong and stable economy, growing population, diverse industries, and world-class amenities, Houston's real estate profile offers a range of options with various price points to suit different investment strategies. The city and surrounding areas' robust job market, relatively low cost of living, and pro-business climate make it an attractive destination for in-state an out of state investors. There is a high demand for housing as well as sustained appreciation in property values over time in many areas of the city. The key is finding the right property.
Happy to connect with you Courtney so I can learn more about you, your investment plans and the strategies you are looking to pursue in the Houston area.
I've heard about the pro-business climate and the job market, two of the reasons why I chose Houston. Thank you, we will connect soon.
Quote from @Luciano A.:
Hey Courtney,
Houston's weather is much nicer in December than New Jersey's. LOL. I've heard that New Jersey has high property and income taxes. One thing to consider when you are looking in Houston is the property taxes. The city has been more aggressive than in previous years when it comes to appraising properties. Years ago, the property appraisal was low and your purchase price didn't affect new taxes very much; now it jumps immediately to what you purchased the property for, which can whack out your cash flow. The city passed a new ordinance that will make building triplexes more affordable; soon you'll see more triplexes and fourplexes as new construction rather than having to buy an old 1930s construction project. This will be especially good for out-of-state buyers, you want to keep maintenance costs low so they can get a nice return on your investment.
Best of Luck
Much nicer than Jersey LOL I'm jealous. Jersey has become too expensive for me especially with taxes. It's great to hear that Houston will be building more triplexes and fourplexes. Thank you!