Investing in Houston

[Brian Burke]

I’m looking to purchase 4-6 single family homes (or a small multi family) in Houston, probably for mid to long term holds. As I am from out of state (Orange County, CA) and have been studying the overall market, I’m interested if anyone has opinions on good submarkets for renters. I’ve been looking in the energy corridor to the west, Spring near Exxon, and to the south in good school districts and near the Medical Center.

My main concerns are buying where there is saturated supply (I’ve steered clear of Houston proper) and buying somewhere in which people generally buy homes that lacks a good renter pool. I’d say I’m looking for properties all along the “B” class spectrum that will attract some middle class families and perhaps white collar millenials who haven’t saved enough to buy.

Any thoughts are appreciated. Thanks.