All Forum Posts by: Kent Ford

Quote from @Kevin Guerin:

Investors should always look to invest in markets that have population growth, and not where people are fleeing. Texas leads the nation in that category. 

See article from the US Census about growth and population decline:

https://www.census.gov/newsroom/press-releases/2023/population-trends-return-to-pre-pandemic-norms.html#:~:text=Texas%20experienced%20the%20largest%20numeric,%25%2C%20respectively%2C%20in%202023.

Absolutely, population growth is a key indicator for real estate investing! With Texas consistently leading in population growth, it's no wonder it's a hotspot for investors. Which specific areas or cities in Texas are you most interested in exploring for opportunities? It would be great to discuss how these population trends could impact real estate dynamics in those regions.

Quote from @Ryan Kelly:

@Kent Ford Texas is not a market but a massive state nearly the size of Western Europe. There are dozens of metro area which all have different dynamics at play. Which market IN Texas will dictate your answer.

You're absolutely right! Texas is such a vast state with incredibly diverse real estate markets, each with its own unique trends and opportunities. From Dallas to Houston, Austin to Waco, each metro area tells a different story. Which specific market in Texas are you focused on? Knowing the location will help tailor the advice or strategy to that area’s dynamics.

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With the growing demand for both urban living in cities like Austin and suburban areas surrounding Dallas and Houston, where do you think the next big wave of homebuyers is heading? What factors are influencing these choices?

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As interest rates climb, how are Texas buyers adjusting their strategies to secure property? Are buyers leaning toward creative financing, or are there other trends you’ve noticed shaping the market?

Quote from @Travis Timmons:

There are 30 million people in Texas spread across a huge landmass. That's like asking, "Does food taste good?"

That's a great analogy! With such a large and diverse population across Texas, I imagine different regions have unique real estate trends, demands, and opportunities. What are some of the key factors you think influence these varying markets across Texas? Are there specific regions you feel are more favorable for investors right now compared to others? I'd love to hear your thoughts on how you navigate such a broad and diverse state when it comes to real estate.

Quote from @Jordan Moorhead:

@Kent Ford "Texas" is made up of many different housing markets. First time buyers is vague too because it doesn't differentiate between investors and home buyers. Investors tend to buy where the numbers work best and home buyers buy where they want to live.

For buyers in Austin the markets on the edge of the metro are more affordable and growing very rapidly for instance.

That's a great point about Texas being made up of many different housing markets, each with its own dynamics. When it comes to the more affordable, rapidly growing areas on the edge of metros like Austin, do you think there's more potential for long-term growth for investors, or is it more suited to home buyers looking for a place to settle? How do you think these peripheral markets will evolve in the next few years, especially as both groups continue to look for opportunities? I'd love to hear your thoughts on balancing affordability and growth in those areas.

Quote from @Jay Hurst:

Quote from @Kent Ford:

With rising property values and high demand across the state, do you think Texas is still an affordable option for first-time homebuyers? What trends or areas are you seeing , but emerge as the new buyer hotspots?

 Make sure you understand property taxes and insurance costs in Texas if you are not local. The prices, on the surface, but have to understand the total carrying costs are higher then most other states.

That's a really important point about property taxes and insurance in Texas. It can definitely catch out-of-state investors off guard. In your experience, how have you seen these costs impact long-term ROI? Are there specific areas or strategies where investors might be able to mitigate these carrying costs while still getting good returns? I'd love to hear more about how you're approaching this in your investments.

Quote from @Alecia Loveless:

@Kent Ford Taxes can be outrageous in Texas. My family has an extensive portfolio of SFH in the DFW metroplex and has seen the property taxes go up over 100% across the whole portfolio in the last 3 years and it's no end to the increases in sight.

Many municipalities are doing lots of infrastructure upgrades currently and have more planned for the future due to population growth.

Be sure to look at the property taxes going back several years before you commit to a purchase.

That's a great point about property taxes in Texas, especially with such significant increases in recent years. It sounds like managing a portfolio in the DFW metroplex presents its own unique challenges. How are you adapting to these rising taxes, and do you foresee any strategies to mitigate the impact long-term? It would be great to connect and learn more about how you’re handling this across your portfolio and how it might shape future investments in Texas.