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Updated 6 months ago on . Most recent reply
houston sucks right now
HOUSTON SUCKS!
born/raised/ and ivested in houston my entire life. ive been selling all my single family one by one in the lasat 2 years. nothing makes sense to buy. taxes and insurance hit us hard like many others.
i'm not an LP or private lender kind of guy so ive been just stacking money into a money market fund and waiting.
what is everyone else doing to find cash flow?
Most Popular Reply
#2 Mobile Home Park Investing Contributor
- San Antonio, TX
@Michael H. You may want to wait until the market cools off a bit. Those I know who've been successful in the Houston market usually are doing off-market deals.
I left the single-family home business as a real estate investor back in 2007 when I started investing in mobile homes. I'm still in the niche as I think there will always be a market for affordable housing. I really enjoy it!
Like any niche in real estate investing, it has its ups and downs. But overall, it's been profitable.
I think the insurance rates in Houston may be a bit of a challenge now as a buy and hold investor. I can understand your frustration.
For me, I've shifted to wholesaling mobile homes which I really enjoy. Personally, I haven't encountered challenges with insurance companies yet as a real estate investor.
Best of luck with things!