Good neighborhoods in Houston for buy and hold?

[Hersh M.]

Hi,

Can people who are familiar with Houston market please recommend good areas in and around Houston for buying a cashflow property? By good area, I am primarily looking at class A and B properties/tenant areas and SFHs. 

Also I understand that currently these areas might not have good returns due to price increases in last few years, but thats ok. I am looking at more longer term plan. 

Thanks

[Fred Heller]

One of the hottest neighborhoods in the city is my own area, Garden Oaks/Oak Forest. But the problem is that property values are skyrocketing and it's hard to find something that would be a good deal for a rental. Most of the rentals seem to be landlords who have owned their property a long time. I do know of a couple of non-MLS properties that could probably be picked up for $200,000 or less.

There are some parts of the Katy area where there are good deals still available. And Spring is another area to look at. I also like Texas City.

Send me a PM if you would like more info.

Good luck!