Beaumont Port Arthur SETX

[NA NA]

Hi everyone,

Since Hurricane Harvey I have been following the SETX Golden Triangle region, specifically the Beaumont-Port Arthur MSA. History suggests that this area is basically a warzone and that investors should stay away, but recently I have been seeing a number of articles announcing big expansions/construction in the area.I know that most of these projects will be dependent on the market for oil/gas/petrochemicals but currently and at least for the forseeable future the energy market as a whole (besides coal) looks strong.  What do you guys think of investing in the area? There should be an influx of construction workers for a number of years.

Examples:

Port Arthur LNG ($8-9 billion investment)-https://www.panews.com/2018/04/02/port-arthur-lng-...

Golden Pass LNG ($10 billion investment)-https://www.houstonchronicle.com/business/article/...

Exxon Refinery Expansion ($5 billion investment)-https://www.reuters.com/article/us-exxon-mobil-ref...

Motiva Saudi Aramco Petrochemical/Refinery Expansion ($8-15 Billion investment)-https://www.panews.com/2018/04/07/mous-signal-expa...

Sabine Neches dredging project ($1 billion)-https://www.beaumontenterprise.com/news/government...

[Aaron Rowzee]

Terrible, stay away from here its no good. Actually its a great area and housing that was beginning to stagnate is now on the rise due to a lack of inventory. Port Arthur and the east Side of Beaumont is a warzone, Orange is dying on the vine and has seen a huge rise in drug use, but outside of that its a good area. 

The main problem we're facing is too many investors, not enough deals because not enough inventory. I think wholesalers with massive budgets for campaigns would do well, but the deals have mostly dried up in the area if you are investing according to BP rules. We have capital here, we have hungry investors, but no quality wholesalers.