Where to Invest Next?
We are buy and hold investors...invested in Las Vegas, 5 homes, before the boom and pop, and are holding the homes as they are positive cash flow. Next, we discovered a suburb of Houston, TX with newer homes, masterplanned community, and the purchase prices and rents are good... buy for $140k, rent for $1,400... we have 7 there. We are looking for another area to do this in. Ideally, buy newer homes in the $130k-$150k price range, rents in the $1,300-$1,600. Anyone want to boast your town or have any suggestions as to where to do this? We don't want t have all of our eggs, or too many eggs, in any one market place. Do you think 7 sfr's in one market is enough? Even though they are renting well, and cash flowing well, isn't it a tad risky to do too many more? Any feedback will be appreciated!!!