Starting Out - Lubbock, Texas

[Christoval Esquivel]

Hi BP Family! Well I’m currently looking to get started investing in Lubbock, Texas. I moved to Lubbock from San Angelo back in 2016. I have one rental in San Angelo currently that I acquired by probate and I’m looking to hit the ground running here in Lubbock. How is the real estate market in Lubbock? My plan is to do a few fix & flips and move over to the BRRRR strategy to build up my portfolio. Looking forward to hearing from you!

[Chris Rendall]

@Christoval Esquivel glad you are getting into Lubbock. I invest there as well. The real estate market in Lubbock is in general healthy, although there has been a bit of a lull this year with regards to leasing. My last two SFH's sat on the market for 2 months each before being leased, and I had good advertising. But this lull should be temporary and if you find the right deals you can lose two months of rent without much sweat. Very good market for BRRRR, that is the strategy I am using. My personal advice is to stick with SFH's and avoid duplexes that keep popping up on MLS, they are highly sought after and prices are not good. Stay on the west side of Lubbock, just outside the loop even better. Good luck!