All Forum Posts by: Suraj Nagrani

Hi @Aubrey Putney - welcome to BP (even though you joined before me)! I came across your discussion because I was posting one of my own which is similar. Am interested in investing in the Austin market and looking for a multifamily. If you have anything that you want to sell, please do let me know. Thanks! 

Texas has seen some of the largest growth in the past decade... resulting in some expensive real estate. What are your thoughts on what the top 3 most expensive markets are and why? A "market" can be a town... city... or even a county.

How can I move this discussion to the forums? Thanks...

Texas has seen some of the largest growth in the past decade... resulting in some expensive real estate. What are your thoughts on what the top 3 most expensive markets are and why? A "market" can be a town... city... or even a county. 

@Jeff Greenberg I think you said it best... invest where you feel comfortable.

@Michael Ran You bring up an interesting subject... the oil boom. I know this is a difficult question to answer but how long do you think it will last?

@Baltazar Camacho Thanks for the link, I've seen that article before and I've seen McAllen in another article recently as well. It ranked McAllen as one of the fastest growing small cities (categorized by population).

@Carlos Flores I'm looking at multifamily properties such as duplexes and larger... including apartment buildings if available. I'm also looking at commercial though I think commercial might be over my budget. 

@Kasey Villareal Thanks for your message. Let's setup a meeting while I'm in town, I will message you.

@Anthony Gayden Thanks for your opinions... I see where you are coming from. Investing in a town like McAllen may not be for everyone. I guess that is the beauty of real estate investing... everyone gets in where they fit in. I'm still trying to figure out where I can fit in!

Overall I'm very excited about spending time in Texas next month. It seems to be a very dynamic state and I look forward to seeing the different opportunities that are available. I think everyone agrees that Austin is expensive but it will be nice to see what the city is all about as I have never been there before. San Antonio interests me and may be a more realistic "big city" to invest in right now for a higher cash flow. And of course I'm looking forward to visiting McAllen and seeing the rest of the RGV. I will even spend a couple days in Laredo but I hear that inventory is very limited now there. I'll probably also spend a couple days in Dallas though I don't think I'll make it to Houston... but maybe I should check it out too! I might end up with more questions than answers after this trip.

Thanks @Pavel Reyes Valdes and @Baltazar Camacho for the correction. McAllen is across from Reynosa not Matamoros.

@Hattie Dizmond Thanks for your opinions which are definitely very valuable. I will do some research on those suburbs in Dallas in Houston as well as research College Station. Will try and visit some of those areas as well. Will be in touch with you. 

Hi @Anthony Gayden - Thanks for your replies. Your messages do make me feel better. In fact I just visited this website areavibes.com and saw that the crime rating for McAllen is a B which is much better than many of the big cities in Texas like SA, Austin, Dallas and Houston (which mostly have crime ratings of F). I also have family in the area who were born and raised in the area so I will be in good hands. I've also been to Laredo, Texas many times. 

Forgot to mention that I would like info on the whole Rio Grande Valley.

Hi @Hattie Dizmond - thanks for your reply. I've ready many of your posts and have learned a lot from them. Yes, I do realize that McAllen is directly across Matamoros. It is a concern of mine as well. What are your thoughts on the San Antonio market? Since you're bullish on the Texas market, which area(s) within Texas would you recommend? I do have extra time to visit other areas besides San Antonio and Austin. 

I'll be visiting Los Angeles for a few days next month on my way to Texas. I know the market is expensive and is not the best place for cash flow investments, but since I'm in the area I have some friends in the industry showing me some up and coming areas. Was wondering if anyone in the BP community can also suggest some up and coming areas in Los Angeles. I spent 4 years attending and living around the USC area so I'm familiar with that part of town and open to investing in the area and nearby as well. 

I'll be visiting McAllen, Texas next month for a couple days to look at some properties. Will also be visiting San Antonio and Austin while I'm in Texas. Was wondering if anyone has any background information on McAllen such as how the market is doing and also which areas I should focus on or not focus on. How does McAllen compare to markets like San Antonio and Austin? Any information, suggestions and/or ideas will be much appreciated. 

From the basic research that I've done it looks like the market is growing and the cost of entry is lower than the bigger cities like SA and Austin. Also the cap rates appear to be higher. My concern is what will the town look like in 5 or 10 years. Will I be able to sell if I wanted to or will it be difficult? I'm looking to buy and hold for the long term and rent out for income.