Houston?

[Eduardo Chavez]

currently getting ready to finally start investing since i live in california, i plan to start out of state and really considering houston as a option. I will be planning a trip to houston soon to see if i can find a good agent and cash flowing properties. Would appreciate any help 

[Steve Rozenberg]

I would have to say it depends on your business model and what you are looking for. Houston does not have the high speculation California has or had at one time but it does have amazing steady growth with very solid job markets to support sustained growth. 65% of Houston rents due to the large oil industry which leads to higher then normal rental amounts and nicer homes.

I have spoke to several investing groups on the west coast that are specifically targeting Houston as their focus.

The cost of living in Texas compared to most states is extremely low and one the few cities that you can purchase an investment home under $150k and it be a new home and have positive cashflow in a very nice area.

Out of the 500 homes we manage 50-60% of our clients are from out of state and out of country and we get about 20 new properties per month from investors buying.

Again I would say that where ever you go Houston or any city you first want to decide what your end goal is and what that strategy is for that goal. Then determine what market best fits that strategy.

You can always go into a market and if you bought correctly worst thing that can happen is you sell the home and try another market.

Again this is just my thoughts from my investing experience and being a property manager as well.