All Forum Posts by: Damon Reed

Hi Linda, what that is in reference to is a tweet Elon Musk sent on March 30th about encouraging engineers, technicians, builders, etc to move down to the Brownsville/South Padre area because they are in large need of those professionals to build his rapidly growing SpaceX operations at the mouth of the Rio Grande at Boca Chica, which he wants to call Starbase. There is a lot of buzz right now about that and I am very hopeful that this does turn into a major space operation like Cape Canaveral.  They did have a successful space shuttle launch and touchdown yesterday so that might be some more buzz you are hearing.  However, even if this ends up just being a lot of buzz, the Port of Brownsville is really growing with the Liquid Natural Gas and Steel industries. 

So what is anybody's take on Starr County?  Is that area cheap right now?  Especially around Rio Grande City.  As Mission expands westward, will that make the RGC more lucrative or is that area still a couple of decades away from true growth?

Hi Jake, 

Thanks for the advice.  I am generally looking for single-family units.  Although duplexes, triplexes, and fourplexes I do keep an eye out for if the price is right.  I currently own a fourplex and a duplex.  

Hey just wanted to start up this newest sub-forum on Bigger Pockets with an intro post about where RE investors, like us, should look to in the Rio Grande Valley.  

I just recently moved to the valley about a year ago and I apparently missed the explosion of growth in Edinburg that seems to have coincided with the formation of the UTRGV system.  Is there still an opportunity to invest in Edinburg and expect high appreciation over the next few years or have we missed that train?

Also, every morning when I listen to the AM talk radio station, the host constantly has guests on who are associated with the Port of Brownsville and mentions that the valley's future is in Brownsville.  They have the construction of the new LNG plant scheduled to start, and I believe an Arkansas based steel company is going to invest in the port as well, and I am sure many other ventures are going on there too.  Is Brownsville the next area to take off in the RGV?

Any other comments on the valley's future growth prospects?