All Forum Posts by: James Richards

The last two responses were excellent and really exactly what I was looking for: current views from the ground in the area of question or expertise in the oil industry and how it relates to real estate.  They are much appreciated!

Thanks!

Thanks for the comment!  Do you know if there is supply to meet demand now?  Do you see the market growing due to this:

http://www.expressnews.com/business/eagle-ford-energy/article/Apache-discovers-immense-oil-and-gas-field-9207444.php

Can anyone refer me to a good home inspector in the OKC area?  Also, any GC referrals would be great as well. Thanks!

I tried this in the general forum then realized that this is a better place to post this question:

I'm hoping someone here has some insight into the market in west Texas, specifically Pecos and Reeves county. I have been offered an investment opportunity that cash flows very well on a new construction duplex. Builder claims very high occupancy rate due to big oil boom in that area after discovery of possibly the biggest oil field in the world late last year. The economy is ramping up in that area to support the massive drilling/fracking that is to come with housing being a major player. Is there anyone from that area that can confirm or report on what is happening there?

I'm hoping someone here has some insight into the market in west Texas, specifically Pecos and Reeves county.  I have been offered an investment opportunity that cash flows very well on a new construction duplex.  Builder claims very high occupancy rate due to big oil boom in that area after discovery of possibly the biggest oil field in the world late last year.  The economy is ramping up in that area to support the massive drilling/fracking that is to come with housing being a major player.  Is there anyone from that area that can confirm or report on what is happening there?