Investing in El Paso

[Richard Talbott]

Bottom line up front: What are some of the key considerations when investing in El Paso?

Hello everyone,

I am a buy and hold investor who will be moving from southern Alabama to El Paso in a few months. I'm looking for any tips, advice, or information concerning anything particular to El Paso when investing in rental properties. So far I have been advised to live on the west side of El Paso. Even if that is the best place to live, is it the best area to focus in when looking for an investment property? Thank you in advance for your comments.

Have a great day,

Louie Talbott

[Brandy Phillip]

Good afternoon,

  We have a slightly different outlook.  We live in Horizon.  You get more for your money in this area if you're willing to make the commute.  We bought our home foreclosed for $170,000 and it is now worth $250,000 in less than 10 years (3700 sq ft, 5 bedroom, 3 baths, 3 car garage).  They are building up the area quickly.  As far as investing, it would depend on what you're looking for.  Multifamily (Near Ft Bliss)  single family (central or the eastside).  We have two properties in the northeast; one has been rented by the same tenants for five years and the other has a new tenant about every year (it was empty for about 5 months). 

El Paso is one of the highest in the country for people receiving Section 8 and has a long waiting list for people looking for homes.  There are deals in every part of town just how much you're willing to spend.  Starting looking on Zillow or redfin for the El Paso area to find the best deals, ask the agent for surrounding unrented homes (Adel Reyes, an awesome broker), and once you get here link up with the local group. 

Welcome to desert and rock.

Phillip Crew