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All Forum Posts by: Shay Sherbotseli

Shay Sherbotseli has started 2 posts and replied 19 times.

Thanks I was not going after MHP. so I don't know if this rent control has any relevancy.

anyway I am all for fair rent with good tenants usually it results in far less maintenance and expenses. But that's just me. 

Quote from @Jordan Moorhead:
Quote from @Shay Sherbotseli:
Quote from @Jordan Moorhead:

@Shay Sherbotseli I get that! I would recommend researching the economic growth and landlord laws of each area.

Texas has great landlord/tenant laws and one of the fastest growing economies in the world that's currently the 8th largest economy in the world.


 Thanks! any specific source I can get the landlord laws ? or google ..


 Google the difference between PA landlord laws and TX landlord laws and you'll see why MHP investors are fleeing PA and trying to sell their assets as quickly as possible. I get tons of listings from there and wouldn't touch anywhere in the Northeast with a ten foot pole personally. I abhor rent control and that seems to be the direction they're going.

MHP?
Quote from @Jordan Moorhead:

@Shay Sherbotseli I get that! I would recommend researching the economic growth and landlord laws of each area.

Texas has great landlord/tenant laws and one of the fastest growing economies in the world that's currently the 8th largest economy in the world.


 Thanks! any specific source I can get the landlord laws ? or google ..

Quote from @Jordan Moorhead:

@Shay Sherbotseli where are you located? I recommend investing close to home at least to get started

Israel, thanks I am .. looking to spread the risk
Quote from @Travis Timmons:

Gotcha...The calculus of that decision is different if you are investing from overseas. I can't help with managing property internationally. All of those locations are good in the Houston metro area. Same goes for Leander so long as you know the neighborhood dynamics...I'd feel good about owning property there for the long term. 

Just make sure that you understand the maintenance (foundation and roofs) and tax/insurance costs that come with owning property in Texas.


 I emailed you in private.

Quote from @Travis Timmons:

You're not picking stocks...this is far more hands on and nuanced than looking up stats on the internet. Where do you live? Have you visited these areas? I'm all for long distanced investing and own out of state properties. I just get the feel that you have spent more time on zillow than you have walking properties. 

And to answer your question, all of those locations are good. The execution of a good strategy is more important than which one of those you choose. You can make or lose a pile of money in any of those.


Thanks but I would rather pin point my self to a specific location before flying across the ocean.

I am invest in real estate here for some time so I know walking is needed.

Quote from @Dan Powers:

@Shay Sherbotseli I'm an agent that works exclusively with investors looking for investment properties. Montgomery County (Montco as we call it) is one of the hottest Philly suburbs. Driven by the fantastic schools it's hard to go wrong when picking a location in this county. There is very low crime, no drug problems, everyone under the sun wants to buy a house here. Things to consider are pretty simple, if you can find a property jump on it, there is extremely little inventory and it is highly competitive with the majority homes on the market selling over ask in very few DOM. If you're able to secure a property you can't go wrong at all flipping or renting.

Hope this helps, let me know if you have any other questions!


 Thanks Dan I am emailing in PM

Quote from @John Mason:

Good Morning

You used these sort of links to research trends?

https://www.redfin.com/city/9764/TX/Katy/housing-market

 Thanks I was not aware of these but regardless they don't provide much information.

Hello everyone, first and foremost I want to express my gratitude for this wonderful forum. I am not a local and I am interested in purchasing my first property. I am seeking advice on the most ideal location in terms of ease of renting, a strong rental market, and potential future appreciation in value over the next 5-10 years. Factors to consider include population characteristics, economics, climate, and overall stability. I am not interested in a volatile market.

I am currently considering the following locations:

  1. 1. Leander, TX - I am looking at areas near the metro station and the new development "northline" due to job growth in the Austin metro area, influx of large companies, and decent schools, population increase 10% annual since 2020. How will the northline project impact property prices? Is the Metro commonly used for commuting to workplaces in Austin, despite the approximately 1-hour commute time?
  2. 2. Manvel, TX - a small suburb south of Houston with an average population growth of 15% since 2020, good proximity to the center of Houston, I am looking at houses near the upcoming developments near the intersection of 288 and 58 north to the HEB.
  3. 3. Cypress, TX - a suburb west of Houston with strong proximity to the city and good schools.
  4. 4. Katy, TX - a suburb west of Houston with close proximity to the city and good schools, as recommended in this forum.
  5. 5.Montgomery County, PA - I am interested in this location due to its strong economy, high-income professionals, excellent schools with an average rating of >7, and good proximity to downtown Philly.

public data shows low crime rate in any of those areas, is that accurate? is there a drug problem in any of those areas ? or specifically places to avoid when looking at those areas ?

I am seeking honest opinions from those familiar with these areas. What should I consider when looking at a new single family or other house? Does the construction material (frame, vinyl siding, etc.) matter? I am looking for peace and tranquility in terms of property management.