New to El Paso Real Estate

[Eddie Mendoza]

Hello!

I recently moved to the El Paso area, and would love to start meeting local investors and agents. I am entering the rental property industry and appreciate any guidance.

I’m looking for networking events to meet and learn from those who know the area. Feel free to reach out directly or suggest any organizations that may help.

If you know anyone in the area who is willing to help please let me know.

Thanks!

Eddie

[Yasir Einaudi]

Hello Eddie,

Welcome to El Paso! You landed on the right place to start your investment journey, There several reasons why El Paso, is a great market for us real estate investors, to name a few:

The Cheap Real Estate

The average home in El Paso costs around $130,000- $150,000 which is 30-40% cheaper than the national average, $225,000.

Large Military Market

Any city that is home to a military base will be home to a large population of renters. Fort Bliss, one of the largest Army bases in the country.

Sizable Student Market

The University of Texas at El Paso is one of largest colleges in the state, there are over twenty thousand students at UTEP

High Demand for Affordable Rentals

The median household income for the US is roughly $55,000. For El Paso residents, it is only $42,000 a year. This creates high demand for rental properties.

The Strong Job Market

El Paso job market has an unemployment rate of around 4%. It hit a low of 3.7% in 2018, below both the Texas state and national average unemployment rates. El Paso’s job market is quite diversified, and it is seeing gains in areas like healthcare, government, finance, hospitality and logistics.

In summary, 

I have personally seen an increase interest from Out-of-state investors that are coming to El Paso to invest in Real Estate which confirms how good the market is here.

Let me know if you need more specific help with regards CAP rates, neighborhoods, etc.

Thanks!

Yas

yasireinaudi.com