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Updated almost 9 years ago, 01/31/2016
Houseton - which neighbourhood to buy?
Hi,
I am a new investor from china. I had been reading on BP for almost 2 years, but just joined yesterday.
I am hoping to get some advice/feedback from local investors in Houston.
current thoughts:
- I want to buy 15-20 SFR over the next 3 years for long term (10-15 years) buy & hold;
- price range at $120-150K - B area? better tenants pool (vs.$100K and below)?
- rent at 1% - $1200-1500 (expecting to have a small positive cash flow each month)
- a stable area which has good potential to appreciate over 10-15 years time;- low crime, good school district
- less than 10 year old houses (to minimize future repairs)
- avoid low price, but may never appreciate area
- will get PM
questions:- 1) what area/neighborhood fit these requirements?
2) any of these requirements very wrong?