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Updated over 8 years ago,
Houston Market
I am looking for some feedback from individuals who are active in the Houston market. I have been investing in DFW for a couple of years and since the market has gotten a bit overheated here we are looking to Houston. I'm originally from Houston and have quite a bit of familiarity with the area but after reaching out to a buddy of mine who is a broker he suggested that I focus on properties inside the loop.
Typically I've looked at post 2000 builds 3/2/2 in the $100-150k range that will cash flow $250-300 per door. Most of the success I've had with this criteria has been in the suburbs. Any thoughts on the burbs versus the loop and where should I be focusing? Also for those who are active in the market how has the oil price crash impacted prices. Would love to hear from and pick the brains of active investors. Thanks all.