Why Do You Invest in Texas? Specifically in McAllen or Houston?

[Lauren Hogan]

BiggerPockets! I work at BP and I'm working on building a landing page for Texas and the cities of McAllen and Houston. Would anyone be willing to share why you choose to invest in the city or the state in general? What makes it so wonderful?

[Rob Lee]

Hi Lauren, While we don't own property in the McAllen or Houston areas, I can tell you why we like Texas. We like Texas because you get a lot of bang for your buck! The suburban areas offer large homes and quality schools for a price of $250K and up. For those interested in new construction it's available at $350K and up depending upon the neighborhood. The northern suburbs offer class A neighborhoods, good schools, and close proximity to the DFW airport. The Texas economy and job market allow us to enjoy a great quality of life. Large companies continue to open offices in Texas. Across the state, there are a wide variety of industries for those seeking employment. 

As investors, we've seen tremendous appreciation in the properties we own. While the 1% rule can be a challenge to achieve in the current DFW market, we are starting to see competition slow down a bit. If house hacking is your jam Texas isn't a bad place to get started. There are more small multifamily options on the Fort Worth side. If you want to be in North Dallas, SFH rent by the room is the way to go. Happy to answer any questions! Hope this helps!