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Updated over 6 years ago on . Most recent reply

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86
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Brandon S.
  • Rental Property Investor
  • Washington, DC
45
Votes |
86
Posts

Is it possible to cash flow strong in Houston?

Brandon S.
  • Rental Property Investor
  • Washington, DC
Posted

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

Most Popular Reply

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122
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Van Blackman
  • Real Estate Broker
  • Chicago, IL
103
Votes |
122
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Van Blackman
  • Real Estate Broker
  • Chicago, IL
Replied

@Brandon S.

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!

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