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Updated almost 6 years ago,
Houston vs San Antonio vs Austin??
Hello,
I'm new to the group but have read some of Brandon Turner's books, listened to many BiggerPockets podcasts, done some research, and ready to start buying (and continuing to learn). I'm in a good financial situation and I'd like to start buying 2-3 properties per year - mainly focusing on rentals but also open to flips (single family homes, and duplexes to quadplexes).
I have a great job that allows me to work from anywhere in the country so I'm not really tied to any state or city. I like the idea of investing in Texas because I feel like its economy is very strong and that its major cities will continue to grow.
I'd like to keep my investments in the same city in order to make it easier to manage so I'd like to pick the "best" city if I'm starting with a clean slate. My question is whether the group would suggest focusing on Houston, San Antonio, or Austin. I know that Austin is growing like crazy but the entry price is quite high. I've heard great things about the growth in San Antonio. That said, currently I'm leaning towards Houston because it too is growing, I know the city better than Austin and San Antonio, and there seems to be lower priced houses that are easier to start off with. But Houston also has hurricanes and its economy is affected by the oil industry.
What would you all suggest? If you weren't tied to one specific city, which city would you focus on if you could start from scratch? Why would you chose that city?
Thanks in advance for your feedback.
Ben