Where to invest in Texas?

[Akshay Vig]

Hi all,

I'm looking to expand my portfolio and pick up my first property in Texas within the next few months. I've been doing a research and trying to pick a market to focus on, but Texas is such a large state that I'm having a hard time doing so. I'm looking for a market that has stable population and job growth where I can find multi families preferably under $250k for traditional long term rentals. In addition, I'm also looking to get started with short term rentals, so a market that has a decent tourism is of importance as well. Is there a single market that would be well suited for both of these? If not, which markets would you suggest and why?

Thanks!

[Jason Hirko]

Originally posted by @Akshay Vig:

@Jason Hirko Sounds like an opportunity to jump in! With Austin prices already super high (compared to the rest of the State) + somewhat of a remote work environment, it's possible that a migration towards San Antonio will start to pick up for more blue collar, price sensitive tenants looking for cheaper housing . What do you think?

You are already seeing that. Tesla makes the news for building their factory in Austin, but Toyota has had a huge manufacturing plant in San Antonio for years. Tech companies are relocating/expanding operations to San Antonio - Hulu comes to mind. You also have USAA and Valero, which have created thousands of direct jobs and even more indirect jobs that are stable and a big part of the city's growth.