All Forum Posts by: Mason Moreland

@Matt Moreland I believe you fall in this category and might be able to give some advice. Congratulations on getting your license, Brittany!

@Jared Elms I'm here in Midland and we have properties in Lubbock and here in town. Let me know if you ever want to chat.

I'll bite. What's sea moss?

One more point on Lubbock, not a lot of great property management companies there as far as I know. Could be wrong and just haven't found them yet.

It sounds like you have them defined in your post, but maybe just hone in on those and really start eliminating markets that don't fit them instead of debating their individual perks against one another.

@Brandon Mojarro

I live in Midland and invest here, Lubbock, and DFW. 

What I would say is first precisely define your strategy/criteria/goals before choosing a market. Pick a market that fits them instead of the other way around and you will decide, act, learn, and grow more quickly. 

Midland can be good if you buy correctly (now may be the time) to make it breakeven/positive during "down" times so you can take advantage of booms. Lubbock is a decent play and has moderate cashflow and appreciation. @Matt Moreland, my brother, is a RE agent in Lubbock and there is a good variety of plays available in SFR and multifamily depending on strategy and goals.

Just some neat photos from today, the last truck in our first batch of new tanks, some foggy fruit framing fermentation furnishings. That Tempranillo is good to us!

@Victoria Bradley - looked at your current camper, very neat! If our area were a bit more scenic I'd love to do that!

We had done a lot of research on starting an RV park here in Texas, lots of non-federal regulations. It can be lucrative if done correctly. It may be worthwhile to find some that were developed in your area to see if you can partner with someone who has experience in it. As a regulatory/environmental guy in my daylighting job, I know your area can be "interesting" to deal with on the permitting/regulations side!

The idea there would be to bring value to someone who knows how to do it by bringing an idea and a "deal" to the table. Just a thought.

@Paul Shannon - That is a pretty broad area, the cities you mentioned are really chunked up into a few distinct units. 

1) Panhandle/High Plains - Lubbock (south end), Amarillo (north end) are the two main markets - agriculture and higher education based; Lubbock is on FIRE due to Tech growing rapidly. It has a growing vineyard/wine industry (see my other posts) and big white collar components, it does not track oil prices at all. The city is growing southwesterly/toward Wolfforth, buy in that direction for appreciation. Full disclosure, my brother @Matt Moreland is a realtor there. Amarillo is NOT a small city (unless you compare it to one of the metroplexes) and has adjacent Canyon with WTAMU and a good sizes student population, is adding the TTU veterinary school, and has a relatively diverse economy. These two cities are the main hubs for an area just north of Midland all the way to the Oklahoma panhandle and southern CO. Huge.

2) Permian Basin & Trans-Pecos - Midland to Big Bend area south, Big Spring west to Pecos. - This area is almost exclusively O&G based and will 90% track with drilling rig numbers and oil prices. Buy good deals that work when rents are low and stick with bigger markets (Midland, Odessa, Big Spring) and you will do fine and rake it in during boom times though. I live in Midland, there is still demand for rentals but you must buy the deals right to work in down times.

3) "West" Texas - Not "real" west TX (El Paso to Pecos), but that awkward in-between area from Abilene to Ozona that is between West TX, Central TX, and the Panhandle. - Somewhat tracks with O&G as it is on the edge of the Permian Basin and (especially down by Ozona) some older oilfields. Lots of agriculture and deer lease/hunting economic impact. Abilene and San Angelo have higher education and other economic impacts, they are up-and-coming markets and hubs for their area. Great tertiary/quaternary market options.

4) Real West TX - El Paso to Pecos - I don't know enough about this area to tell you anything, truthfully. El Paso is huge. I would avoid Pecos, it is on the western edge of the Permian and is almost 100% tied to O&G. Pody's BBQ is great though. The Guadalupe Mountains and Davis Mountains are sweet and you should go visit. Not at all what you would expect to find in TX.

@Marty I.K. Mills, I truly hope folks find some helpful information here! So, this one comes form my brother, @Matt Moreland. We aren't viticultural specialists by any means, but Matt read and enjoyed Vitibook as one of his crash-courses in viticulture.

@Bruce Lynn, Reddy Vineyards is quite large! We have similar acreage under cultivation. Good people and growers, and one of the bedrocks of the TX industry.

Llano Estacado is a large grape buyer and mostly focuses on winemaking and marketing their labels, not vineyards/growing. They do have some vineyards, buy lots of grapes from TX growers, and truck in from California.

Munson was a world treasure and nearly single-handedly saved V. vinifera wines, truly a cool story and pretty cool Texas played a huge part in it. When I was last in France his was a fun story to bring up ha!

We are north of Lamesa, toward the southern end of the AVA. The hot sunny days and cool nights (95*+ daytime and 50's-70's at night) and ultra-low humidity are wonderful to live in and pretty helpful for growing grapes. Add in the constant breeze and it's a great region to work outdoors.