Spring, TX - Looking to buy 1st investment single family for BRRR

[Bianca Ardevela]

Hi everyone, my name is Bianca and I am new to Bigger Pockets and real estate investment. My husband and I have decided to buy a class B single family home for BRRRR in Spring, Texas. We will be out of state investors, so we are limited to research on the internet on which neighborhoods are safe and best to invest in for long term rentals.

My question is if anyone has general information about Spring they can provide? I know that certain neighborhoods zone into Spring and Klein ISD, which are highly rated, so we are looking more into those areas. Anything would be greatly appreciated :) 

[Andrew Postell]

@Bianca Ardevela thanks for posting!  We have lots of out of state investors in Texas and it's exciting to see you start your journey here. 

Now, to answer your question the numbers for us here in Texas show that a 3BR/2BA home that is under $300,000 is the most ideal type of rental property.  And the lower the purchase price the better.  Now, sometimes people are a little surprised by this price point.  You might see that homes under that price point might be in "different" neighborhoods - and that's ok.  Keep in mind we want renters.  The largest renting population is under that price point and they earn more income as well.  For example, two $250,000 homes will rent for more money than one $500,000 property here.  Now, you can do whatever you want to do of course, but that's how the math works in Texas right now.

Thanks for posting and let us know if there's anything else that we can help with!