Market Analysis - Spring, TX / Houston, TX / The Woodlands, TX

[William Lunsford]

Hello Everyone,

I am beginning my journey in real estate and am looking at investing in the North Houston area (Spring, The Woodlands, Conroe, etc) in the next year.  I grew up in Spring but left for college and then the military.  I now live all over the place but visit Spring 1-2 times per year.  I have had a pretty good perspective on the growth/changes to Spring over the last 20 yrs and feel pretty good about The Woodland's as a rental market, Spring would be my second choice.  Since I have never owned property as an investor in these areas, I would like some perspective on my analysis and also any input from current property owners that hold in Spring/Woodlands.  I am currently tracking for sale/rentals using a google docs tool I built.  

https://docs.google.com/spreadsheets/d/1bxAxiNgEu6...

If anyone is willing to look at my analysis on the profit worksheet I would appreciate it.  I am also tracking houses on market and rentals on separate worksheets.  I have programmed this sheet to pull data off zillow links. 

Thanks for any input in advance.

[William Lunsford]

@Trey Watson my primary objective is to build compounding cash flow but also build unrealized net worth through longer term buy and hold.  I primarily utilize the spreadsheet to track whether or not a property would break even/lose/earn based on rent received vs overall costs on a property.  What do you typically track for your analysis and how would mine be good/bad overall from an experienced investors standpoint?  Thanks!