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Updated about 4 years ago on . Most recent reply

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8
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Reece Ludwig
0
Votes |
8
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REI in El Paso: Mil family moving to EP for 3-5 years

Reece Ludwig
Posted

Hi all! I'm a relatively new RE investor and an active duty service member moving to El Paso from out of state, planning on living there 3-5 years.

I'd like to buy between $150k-200k, and I've been looking at zillow, realtor, etc for months. And I'm familiar with most of the zips as properties seem to be referred to by their zip.
We're going to live in the property, and may buy and hold or do a 1031 exchange when we move again, not sure yet. 

Any guidance about where to invest, where to avoid, and any guidance on the current market would be greatly appreciated.  Thanks in advance!

Most Popular Reply

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37
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20
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Cheryll Ramirez
  • Lender
  • El Paso, TX
20
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37
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Cheryll Ramirez
  • Lender
  • El Paso, TX
Replied

Hi @Reece Ludwig. Let me be the first to welcome you to The Sun City. I hope you enjoy your stay here. Absolutely best investment for Military families is REI. I would say your best zip codes are 79925, 79936, 79938, 79912, 79904 west of magnetic/alabama, and 79934. As with many markets right now, there is low inventory and homes are selling slightly above their real market value. I would suggest find a fixer upper in one of the above zip codes to maximize your ROI. Best wishes on finding your new home.

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