All Forum Posts by: Kent Ford

Calling all photography lovers! Snap a shot of the most stunning Texas property you’ve come across, tag us, and your image might be featured on our page. Show off the Texas charm that makes these homes so special!

#TexasArchitecture #RealEstatePhotography #KingdomFirstProperties #BeautifulHomes #TexasEstates #TexasSunrise #LuxuryTexas #BestOfTexasRealEstate

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Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term. What kinds of policies do you think might help ensure ongoing affordability as Texas continues to grow?

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Quote from @Pat Aboukhaled:

Hey Kent,

That's a really insightful question! Housing affordability is definitely a hot topic in Texas these days. From what I've read in the Wall Street Journal, Austin's push to increase zoning for multifamily developments seems to be making a real difference. A friend of mine, who's been investing in Austin for years, mentioned that this approach is opening up more opportunities for both developers and residents.
In my own experience here in Phoenix, flexible zoning has been a game changer. We saw neighborhoods revitalized when the city allowed for more mixed-use and multifamily projects.. It not only provided more affordable housing options but also boosted local businesses. While subsidies and other initiatives have their merits, I genuinely believe that adjusting zoning laws to encourage diverse housing options could have the biggest impact across Texas.
If you're ever interested in discussing this further or exploring investment opportunities in Austin or even Phoenix, feel free to reach out. Always happy to chat over a cup of coffee!

Take care, Pat & Jasper

Turning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

I completely agree—housing affordability is such a crucial issue, and it’s fascinating to see how Austin’s zoning efforts are reshaping the landscape. Your point about Phoenix is also spot-on; it’s amazing how adjusting zoning laws can breathe new life into neighborhoods and support both housing and local business growth.

I'd be interested in hearing more about your experience with multifamily projects and any insights you might have on Austin's market compared to Phoenix. Maybe we could even swap ideas on potential investment strategies over coffee sometime! Let me know if you’re up for it.

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The beauty of Texas real estate is hard to beat! Do you have a photo of your favorite Texas home? Submit your best shot, and let’s show everyone the magic of the Lone Star State. Texas properties have a unique charm; let’s see yours!

#TexasRealEstate #TexasHomes #KingdomFirstProperties #HomeSpotlight #TexasLiving #PhotographyChallenge #RealEstateTexas #TexasViews

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Texas is exploring several public-private partnerships to tackle housing affordability, especially as demand outpaces supply. Have you come across any interesting models or success stories that could be applied more broadly across the state?

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Texas is seeing a surge in new real estate businesses due to its booming population and investor-friendly climate. What do you think makes Texas such an attractive place for entrepreneurs in the real estate space? Is it the lack of state income tax, affordability, or something else?

That was more of a leading statement. Are you looking to convince people that Texas is great are you looking to convince yourself?

Don’t forget the exceptionally high property taxes.

I see where you’re coming from, and the property taxes are definitely something to factor in when considering Texas. It really depends on what you're prioritizing in your investments. For some, the potential growth and lack of state income tax might still outweigh the challenges, while for others, the high property taxes are a dealbreaker. What’s your main focus when you look at an investment market? Is it the overall tax structure or the growth potential?

I personlly dont care about prop tax's we flip everything within 6 to 9 months I am not a buy hold investor in that market nor am i looking to be one. I like NV.

It sounds like you’re all about keeping things short-term and maximizing returns with each flip—property taxes aren’t a concern when the hold period is brief! Nevada’s a great market, too; have you found that flipping there aligns with your strategy as well?

not in vegas flipping is too competitive.. spreads are to small. MTR is our play there.

Vegas can definitely be a tight market for flipping, with competition driving up prices and squeezing margins. MTR seem like a great alternative there, especially with so much demand for flexible stays. Have you noticed any particular areas or property types in Vegas that perform best for MTRs?

main thing about Vegas prop taxs and weather conditions.. prop tax's some of the lowest int the country.. my one prop is valued at 650k and my tax's are 2k. Also with stucco siding tile roofs No major weather issues desert landcaping etc etc.. maintenance is quite easy and very cheap compared to other areas of the country. So it more than just price at purchase its all the costs.. and MTR bring in double or more normal rent.

Absolutely! Las Vegas properties offer a uniquely advantageous investment landscape, from low property taxes to manageable maintenance costs. For example, with property taxes being some of the lowest in the country, owning a high-value property, like one valued at $650,000, might only run around $2,000 in annual property taxes—much lower than in many other states.

The region’s climate and building standards also make maintenance efficient and cost-effective. With stucco siding, tile roofs, and desert landscaping, there’s no worry about issues like heavy rain, ice, or intense wear on lawns. And, due to the arid environment, property upkeep generally remains minimal, saving on both time and costs compared to areas with high weather impact.

Moreover, the mid-term rental (MTR) market in Las Vegas presents a significant financial upside, often doubling the rental income compared to standard long-term leasing. This combination of low taxes, low maintenance, and high rental potential makes Vegas a strong contender for savvy investors seeking long-term profitability beyond just the purchase price. Would you consider looking at MTRs or potentially expanding your portfolio here?

kent that has to be AI writing your response no one is that eloquent.

Haha, you caught me! It does sound pretty eloquent, thanks to a little help from AI. I use ChatGPT to take my thoughts and arrange them in a way that sounds clear and polished since I’m not always the best with words. It’s like having an editor to make sure my ideas come across just right!

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Whether it’s a classic ranch, a luxury estate, or a charming bungalow, we want to see Texas real estate through your eyes! Send us your favorite Texas property photos, and we might just feature them right here. Let’s highlight the breathtaking homes that make Texas unforgettable!

#TexasRealEstate #LoneStarLiving #KingdomFirstProperties #DreamTexasHomes #RealEstatePhotography #BestOfTexas #TexasPride #TexasHomes

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With the rise in housing costs across Texas, there’s been a lot of talk around affordable housing initiatives. Cities like Austin, Dallas, and Houston are each taking different approaches, from subsidized housing to increasing zoning for multifamily developments. Which strategies do you think could make the biggest impact?

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Quote from @Jackie Nyambura Everett:

@Kent Ford 100% Austin has really transformed in last 11 years I have lived here. There has been some market correction in terms of home values this year. Overall Austin is currently a Buyers market but there are some neighborhoods that are Sellers markets due to good schools, accessibility to Tech hub job areas, parks, entertainment etc. My house more than doubled in value and so I don't see prices going down to the levels they were a few years ago. Most people tend to hang onto thier homes as an asset

It sounds like Austin’s growth has been remarkable, especially with tech-driven demand and appealing amenities! Even with a market correction, certain neighborhoods remain strong due to their proximity to top schools and jobs, which keeps those areas competitive. With property values more than doubling in recent years, it’s no wonder homeowners are seeing their properties as solid long-term assets. Are there particular areas in Austin you’re considering for your next move or investment?

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Quote from @Chris Barrett:

I suspect Texas and Florida both have peaked and for most small time investors who have missed that boat it's time to find the next market that is up and coming.

That’s a great observation! Texas and Florida have been hot markets, but with prices peaking, many investors are indeed looking for the next high-potential areas. Emerging markets can offer more value and room for growth, especially for smaller investors aiming to maximize their returns. Have you explored any up-and-coming regions that you’re interested in?

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All Forum Posts by: Kent Ford

Kent Ford has started 46 posts and replied 95 times.

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Post: Public-Private Partnerships: A Game Changer for Texas Housing Affordability?

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Post: Creative Solutions to Texas Housing Affordability: Which Approach Works Best?

Post: Why Do You Think Texas is a Hotspot for New Real Estate Businesses?

Post: Why Do You Think Texas is a Hotspot for New Real Estate Businesses?