To Move or Not to Move

[Jacob Whitney]

Hey All 

I have a quick question. My family and I are considering a move to Texas. We are currently in Oregon and although we love it here, were really looking of some the benefits of an area like Texas. One of the big reasons for me is Real Estate investing. It just seems like such an easier area to achieve my goals quicker. We have a few places here in Oregon and really could either keep or sell not dead set on either. Like I said I love Oregon but just feel like I could get more traction for buy and holds in Texas (Houston area is where Im thinking). Plus a some of the lifestyle changes would be great. 

My goals would be more buy and holds. I love the creative side of rehabbing so BRRRR strategy is a good option for me.

Any suggestions are greatly appreciated.

[Travis Rogers]

Hey @Jacob Whitney, I live in Oregon and am moving to Texas as soon as I can. I already have a business (self-storage) and a home (SFR) there and am purchasing another self-storage this year and possible another home. I have one last rental in Oregon and my primary here which I'll be transferring to TX. I just hung up with a commercial broker, a lot of folks are doing this right now. I had five different families who I know in Oregon move to Texas in 2020. Quality of life improves, and investment strategy does as well. You can invest remotely, but it is definitely more challenging. If I can be near my property that is always my preference, but I will no longer invest in Oregon.

TX is booming, I was down there twice in December, my appreciation and my cash-on-cash has been amazing down there, and they are continuing to grow. I spoke with a builder about buying some houses from them, but they don't even have spec homes, because homes are selling so fast that as soon as they break ground they sell. My cousin is building a home about 20 minutes from his current home, they have made a great profit on their primary as well over time. If you have any questions feel free to reach out. 

Texas is a great state and the laws are much better especially if you're investing. People are great too! On top of that, aside from right now, it's warmer there and there's a lot of great food and things to do outside. Check it out and find the right area, each place in Texas is a little bit different. There are some beautiful houses down there, I can't wait to get there! All the best!