We had 900 point decline in Feb and we are still standing.HOWEVER, clouds are on the horizona) International markets have been routed - from 50% down in Asia and Russia to 15% down in Europeb) Interest rates are climbing, 30 year mortgage hit -- shock, horror -- 5% againc) Real estate markets in some regions are showing seasonal cooling downd) Tariff warse) Oil prices risingf) Employers cannot find employeesThe next 12 months should be interesting ....When the credit markets sneeze, the real estate market will catch a cold ....

What wasn't mentioned is there are several cities in the state like San Marcos which requires a general contractor to pass the national ICC's contractor exam which can be taken at numerous testing facilities and is similar to the licensing requirement in a lot of other states.

Texas is very business friendly state and now diversified with so many industries... even oil crash did not impact in last few years.I am surprised to see Brooklyn and Boston in this list...

I have a new(ish) commercial loan on a mini storage facility.

I think we just about broke even, but the learning experience on these two properties will be with us forever.Things were looking up, but I started a hotshot delivery service right before oil crashed in 2014. 

Patrick - The Blackstone group is a well oiled machine that participates in many different facits of real estate ranging from apartments to hotels and even mobile home parks.

Here are the basics, please let me know if you have any additional questions and I’ll do my best to answer: 227k purchase price, 9 units, 4800 gross monthly rents, needs 60-70k in repairs, 350k ARV, the possibility of additional income from an on-site coin-op laundry facility ($250-300)... those are the nuts and bolts.

It is an international property which I have seismic report on and is privately owned.Over 1 billion barrels of oil reported on the property. 

There was an oil boom in the region that directly impacted the real estate.

Oil and gas fields come to mind.