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Updated over 6 years ago on . Most recent reply
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Is it possible to cash flow strong in Houston?
I'm looking to invest in the Houston, TX area, but the property taxes seem to kill cash flow. Does anyone have insight on their experience
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Good morning, sir!
When I left Houston a year ago, we were buying roughly 40 homes per month in that market. Many of these SFH properties were buy and hold. I can assure you, there are areas where you can buy low, add value, and rent out close to the 1% rule or higher, AND get a 10% cash on cash return.
Look into areas like Katy, TX. It's a great little suburb just west of Houston. We were buying homes there close to 100k, they needed 20-30k, were worth close to 150k, and rented for 1500 p/month or more all day long. Very desirable area.
Also look into Sugar Land, Missouri City, and even as far down as Pearland, Friendswood, etc.
Hope this helps!