Post Any Questions about Lubbock, TX Here!!

[Michael Norsworthy]

Hey all,

I wanted to create a post for everyone who is interested in investing in Lubbock, Texas to ask any questions they may have. As a licensed REALTOR and an experienced investor, I will do my best to answer any questions ya'll may have!

Also, if you don't feel comfortabe posting your question on here, connect with me and I will help you to the best of my ability!

[Michael Mendez]

Quote from @Brett Whaley:

Quote from @Michael Mendez:

Quote from @Brett Whaley:

Not sure my questions came across with requesting a connection, so I will post here. Are Lubbock SFR turning monthly profit with the higher interest rates? How is appreciation going in the city? With the influx of luxury apartments, are SFR staying unoccupied for long periods? Does it seem as though sellers are willing to negotiate, or are posted prices generally firm? Is there any depreciation left to claim on some of the older homes for sale?

Is there anything you feel is important to know about the market I am not asking?  Any help is appreciated.  Apologies for the laundry list of questions.

I am kicking around the idea of starting investing there soon vs waiting for some period of time vs eliminating Lubbock as a potential area due to apartments taking up too much of the market share.

 my rental's property tax has gone up, but it's not been a problem to increase rent. I still see alot of potential, caprock district is my favorite place so far. 

 If you don't mind me asking, what price range are your rentals and the rent cost?  Who are your typical renters (students vs families vs other)?

@Brett Whaley

 I like personally like the C+ neighborhoods and seen some on the low end of $900ish to $1200ish. I personally rent to a family that will stay long term. However, you can mix and match as long as your comfortable. Lubbock is growing and you can decide the type of tenant you want to focus on.