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Updated over 7 years ago,
Realtor in Houston/Cypress. Now is the time to buy for cash flow.
I keep seeing people wanting to know where the deals are in Houston. Did you know that there are more than 40k RE agents in the Houston area? Yes, about half are part time but if you include the wholesalers, wholetailers, flippers, BRRRR'S and the such like it seems everyone is in RE. You need to ask not where is the best place to buy but rather what is my advantage over everyone else? More cash, better rehab skills, staging, marketing, area...... you get the point. Maybe time is your advantage, right now people are prepping for school. They will pay more in rent and a mortgage payment to get the right school for their kids. I find some homes on the mls sell/rent just before school starts for considerably more than they would in October. There is so much competition that maybe the area is less important than the timing. People still do not understand market trends in their area, I am selling one right now that the buyers gave notice in their rental before they even found a home. They just need to be moved before school starts and the home is under contract for 10K more that it should be. TIMING!!!