Good Market Rentals in Houston for a Landlord for under $130K

[Mauricio Quiroga]

Where would you recommend me to buy a $130k property to later lease it in Houston or surrounding areas? Thanks in advance. 

[Adam D Rinehart]

@Mauricio Quiroga I'm just starting out in my REI career, but here's my 2 cents as a local.

I just bought 2 properties in 5th Ward. One is a SFH for $87k that needs about $25k is repairs/updates before renting out and the other is a long term tenant occupied duplex for $100k currently renting for $1000/month. Fair warning, 5th Ward is by NO MEANS Sugar Land (I actually grew up not far from there in Richmond) but the proximity to downtown appeals to a different age demographic. Being from the Houston area, when I tell people I'm investing in "The Nickel" they usually give me the "you're out of your effing mind" look before asking why. I just smile and ask them if they wished they had bought something in The Heights 20 years ago and then the light bulb goes off.

St. Arnold’s brewery coming in as well as the EaDO management district abutting to the south has really driven a revitalization effort and jump started the gentrification process. Get in before you can’t.