Frank Barletta
Houston: Gross Weather, Lovely Investing
9 October 2024 | 9 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
Elijah Booker
Looking to close first deal
12 October 2024 | 1 reply
Been educating myself for a while now and understand the basics of the process.
Kristi K.
Paying points for a Loan
15 October 2024 | 21 replies
It's interesting to me how some of you respond on a public forum vs those who privately DM and want my business.
Alec Barnes
What can property managers do to strengthen their relationship with Investors/Agents?
12 October 2024 | 5 replies
Preemptively talking through issues that may arise (lowering rent, no payment for the month, big maintenance item, accounting error on your end) helps build that.Bring options to the table and educate the owner.
Sven Zimmermann
New to real estate and eager go get started
14 October 2024 | 10 replies
As you approach your next purchase, start talking to lenders about pre-approval, build investment criteria, and continue educating yourself on market trends.Good luck!
Jonathan Greene
5 Things Not To Do as a Real Estate Agent on an Investor Site
15 October 2024 | 34 replies
We all know you won't do that because everything you say is hot air and not in line with what is publicly available as proof.Good luck.
Jeff Knorr
Bakerson in Phoenix, Arizona
11 October 2024 | 4 replies
I do not wish to say anything in a public forum.
Sanjeev Advani
The Economic Power of Public Parks
4 October 2024 | 1 reply
Cities like Minneapolis, Boston, and Atlanta are showing how public parks can do more than provide green space—they can drive commercial development and job growth.
Charlice Arnold
Rental Loans Boost Your Investment Portfolio?
10 October 2024 | 7 replies
You might want to elaborate more what you’re suggesting to the public.
Kenneth P Ford
Property Manager Review
14 October 2024 | 9 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!