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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.
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10 October 2024 | 5 replies
If you want to access the equity, cash-out refi them and enjoy the money tax free while letting the income from the property pay the loan. 6.
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7 October 2024 | 9 replies
The average income in the zip code is about $90k.The population in the 34746 zip code in young (median 38 years) and growing from 53k in 2022 to nearly 60k in 2024.Rent by room is not as popular in this zip code as it is in the 34741 zip code, perhaps reflecting HOA restrictions as well as building configuration.
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10 October 2024 | 8 replies
I don't have time to go to the law library or access to the legal data bases that have more detail than my searches have resulted.
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8 October 2024 | 17 replies
What we get out of it......creating a group that some of our best borrowers can get access to good deals.More than likely be virtual (zoom etc) and be an intensive, no-fluff training on how wholesaling is done, and what investors are looking for.
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9 October 2024 | 2 replies
What is my net worth ROI on my downpayment and is this better than other investment opportunities I have access to.
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11 October 2024 | 15 replies
I am looking for the shell to allow website access for owners, documents, scheduling etc.
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9 October 2024 | 17 replies
Yes, they don't have as many restrictions in terms of Attorney's needed and silly laws but, If you can conquer wholesaling here?
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6 October 2024 | 26 replies
Also be mindful of existing or proposed restrictions - I don't recall anything extreme proposed in Ludlow or Dover, but Wilmington is being very aggressive in all but eliminating STRs.
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3 October 2024 | 3 replies
Any agents work at a brokerage that offers you access to instant buyers like eXp Express Offers, etc?