West and North Houston Suburbs

[Scott Heiman]

Hello,  

I just received a promotion and am going to be moving from Colorado to Houston in the next month. My job will be in the energy corridor and I'm interested in people's opinions of the suburbs around there. Our goal is to find a SFR to live in for a few years and then rent afterwards we are looking in the 300 and below range. The neighborhoods I have been considering are Katy, Cypress, and Sugarland. With that budget is there any of those neighborgoods that would be a better fit? Also what sort of pitfalls are there in Houston? I have heard don't buy in a flood plain or from KB homes. Thanks in advance for any insights.

Scott

[Scott Heiman]

Thanks all,

I really appreciate the time you've taken to share your experiences with me.

I think Dan is right in the ideal price point for a rental property around/below 160 for cashflow. I think the home my family wants and the house that is going to flow the most cash after we move on may be too far apart.  I am moving soon and will consider staying with family or renting for a few months. I had heard that the oil prices were just now affecting the upper end of the market and the thought was it will hit the market I'm looking at next.   Going the waiting route is tempting and I could use the time to find a deal or distressed home.

Thanks again,

Scott