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Updated over 12 years ago, 07/14/2012
Real Estate appreciation potential in Texas
I currently own a commercial office building of 9000 sq ft in Southern California and am considering doing a 1031 exchange to move my money out of state. I am currently considering investing in pre-construction single family houses in Houston, Dallas, Austin of Texas. I understand the property tax in Texas is very high and the house price is still very affordable. I believe I can get positive cash flow after putting 20% down. However, I worry about the following things :
1) How easy is it to rent it out ?
2) Although I will employ property managemnt company, I still worry
about the hassle factor since they are far away from me.
3) The appreciation potential of Texas as comapring to other states .
Can anyone advise me if this is a smart move ? If not what will be better opportunities?
Andy