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Updated about 1 year ago on . Most recent reply
Houston Market good or bad?
Good Morning,
I am looking at this market for STR and was hoping to get some first hand feedback from investors who are currently using this market and how successful it has been.
Jeff Murray
Most Popular Reply
#2 Buying & Selling Real Estate Contributor
- Rental Property Investor
- Ellsworth, ME
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#2 Buying & Selling Real Estate Contributor
- Rental Property Investor
- Ellsworth, ME
No...Houston is a great mid term or long term market, but the lack of zoning and the fact that this is more of a corporate travel town would lead me to not invest in Houston for STRs.
Appreciation and long term prospects are great - the metro area has added 1.4 million people since I moved here about a dozen years ago. Wages/wage growth are steady. I've never seen or lived in a place where more people of average or below average intelligence can print money and build wealth. If you can tuck in your shirt and show up on time, you can find a way to make six figures in Houston.