Anyone investing in Texas? Please share your experience

[Oscar Song]

I am a current California resident who owns a property in LA and is considering moving to Texas next year. Over the last couple months, I have heard a lot about Californians moving to Texas. Despite the high property taxes, the low housing prices in cities like Houston contrast drastically to that of California, and there seems to be a huge potential for market growth. Is there anyone else considering or have been investing in Texas? What's your experience like over there?

[Wale Lawal]

@Oscar Song 

You have received a lot of personal experience here already. 

I have also have more clients from California than any other states in the Nation because of reasons we all know.

There are several benefits why any savvy investor will like to consider Houston for their Real Estate Investment. I have been living in Houston for 7-years and I personally invest only in the Houston areas and I have been helping other investors to invest in Greater Houston and surrounding cities. As a Realtor and Investor myself, below are a few reasons why my clients and myself invest in Houston, Texas. 

#1 Market in the US for Job Creation

• Contrary to what the majority of out of state investors believe, Houston not only have Oil & Gas (Energy), Houston has other job growth in Consulting, Information Technology, Aerospace and aviation, Medical treatment and Research, Goods Distribution, and Manufacturing. The port of Houston on the Gulf of Mexico imports more goods than any other port in the United States.

Texas legislation has provided a great economy for businesses to thrive. Big and small companies alike have chosen Houston for the location of their corporate headquarters.

4th largest city in the US - This has increased the housing demand in the Houston areas and landlords are enjoying low vacancy and rent increase. Even during this COVID-19 Pandemic. I am living proof.

5%-20% below current fair market value - This is gradually changing and the market is very hot right now. Nevertheless, Houston is still a relatively cheap and better use of cash on cash return. Some parts of Houston are seeing around 15% returns consistently.

• 3-year appreciation forecast of 12.5% - We are able to enjoy both appreciation and consistent cash flow.
• Houston is very diversified and friendly so people like it here. Our food, people and culture is what people like about Houston
• The majority also enjoy the weather here.

Houston checks all boxes for me and my investor clients both in-state and out of state investors.

Reach out if you have any questions.

Goodluck!