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Updated almost 9 years ago,
Out of state investing in Houston from California
Hey BP community,
Since my first introduction post in BP 3 months ago, I've been reading books and BP, as well as listening to the podcast, educating myself and formulating my strategy. Although I've built up a decent amount of capital through the stock market, my money doesn't go very far in the San Francisco area, nor do the numbers make sense. However, one of my good friends is moving to Houston soon so I introduced him to BP and pitched him the idea of partnering and exploring opportunities in Houston. I've done some analysis and so far, even with retail prices, it looks like we have a good chance of cash flowing there.
My partner hasn't moved to Houston yet so I wanted to supplement my market research with some questions for Houston natives here first.
Our target market is single family homes under $100,000 in B class neighborhoods. Does anyone have recommendations for areas to look into? Bad neighborhoods to look out for?