POTENTIAL. TEXAS SUB MARKETS

[Jason Malabute]

Hi All,

The following are the submarkets in Texas that I am thinking about investing in. How do you feel about the following neighborhoods in Texas for multifamily property investing :

1. Friendswood, TX

2. Pearland, TX

3. Fair Oaks Ranch,TX

4. Bourne, TX

5. Helotes, TX

6.San Antonio, TX (with a 78255 zip code)

Are any of these more favorable than the others? Should I avoid any of these submarkets?  Most importantly, does any of these submarkets have any economic anchors  like state government, major universities, major health care centers, or manufacturers that are independent of the economy like military suppliers that employs most of the residents of that submarket?

Thank you,

Jason 

[Whitney Breedlove]

Hey Jason! I have lived in both Pearland and Friendswood and IMO, they are both great places to invest and I'm also looking to purchase properties in these areas.

Friendswood has great schools and attracts high quality tenants. There are no major universities or health care centers however many people choose to live in Friendswood and commute downtown. Friendswood was affected by Harvey so you may be able to find first time flooded homes at a really great value. 

Pearland is similar in that there are not any major universities, although there are a couple of hospitals and Pearland is only a 20 minute drive to the medical center in Houston. As a result, a lot of people in the medical profession live in Pearland. Pearland is arguably the closest suburb to the city as well. They are expanding the major freeway that connects Pearland to downtown so traffic is bad right now, but I believe they are expected to finish in late 2019 so the area is only going to explode more than it already is. Also, I don't think any of the houses in Pearland flooded despite its proximity to neighborhoods that did (like Friendswood) so I think that speaks volumes about the civil engineering in the area.

Hope that helps!