Investing in a single family in TX area as a first investment

[Eliran Michaeli]

Hi to everyone,

I am interesting to start investing in TX area (in the cities close to the Mexican border).

Is it a good area? I saw some interesting single family houses (newly constructed) in the range of 200-300K, for examle in:

McAllen

Edinburg

San Juan

Mercedes

How can I deep go into research about those cities and neibarhoods in term of demand for rentals and for sales? It seems that those areas are full with new inventory. my concern is that is too close to the Mexican border and that there are many lands available for new construction.

Another thing, most of the houses price history in somehow hidden in redfin \ Zillow. There is another way to see the listing prices history if I can't see it on those webs?

[Jonathan Greene]

Quote from @Eliran Michaeli:

Quote from @Jonathan Greene:

Why Texas right now? On every list of the fastest declining price point markets, about 60-75% are in Texas. Yes, that could mean better deals, but you are buying into sinking markets in most cases right now. Pricing may fit your budget, but you want a strong asset and good value with upswing.

 Thank you for the response. Which market would you recommend to focus on with this budget? 

You don't find markets to invest in based on your budget. That's how you buy D+ properties thinking they are Cs and lose all of your money. Your mindset and preparation are off. You need to learn more and decide on a target market that you really want to hold and manage real estate in. If it's too high then go one town out in each direction so you can be in a feeder area. When you target towns based solely on your budget, you will fail.