What price range investment property you should buy in Houston? Which area is good? What age of properties you should consider?
In Houston I will recommend the investment between $200,000 and $300,000. It will be good to keep the sale price under $250,000 if possible. Because if the rent is too low, then the tenant quality won’t be good. If the rent is too high, then it is not easy to find tenants because those group of tenants can buy houses easily. The rent $1600-$1800 is a comfortable rent range for most tenants.
I noticed there are people in California recommended to buy duplex in Houston. I will say it is not all right. Most duplexes are located in poor areas of Houston. The rent is low which means the quality of the tenants won’t be very good. The return rate might look high when you purchased the house. However afterwards you might need to spend more money for maintenance. If the duplexes are new which might be a better opportunity, but the location is usually not that great.
I have had out of Texas clients flying here to look for investment properties. In the end, they chose newer single family
homes located in okay or good neighborhood.
If you have any questions, please feel free to contact me.
