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.
Jonathan Greene
If You Never Want To Hear About Columbus In the Forums Again, Reply Here
20 October 2024 | 147 replies
Quote from @Stuart Udis: @Jonathan Greene But where else can I purchase my 1% rule properties with booming industries at the forefront of tech, life sciences, great universities and aren’t their rumors that Amazon, Tesla and Apple are all relocating their HQ’s to Columbus by 2030?
Andrew Garcia
NJ counties with the great growth
5 October 2024 | 20 replies
Would you know the demand for off campus housing at Rutgers University?
Michael Dallas
Picking a Market
7 October 2024 | 9 replies
Hey BP, I am currently playing my last year of baseball at the University of Memphis.
Ngoc Vo
How do we analyze the markets and deals outside of the US?
6 October 2024 | 4 replies
The good news is that the financial metrics you've read about are universal and not at all country specific.The bad news is that Germany may just not be a good cash-flow market, compared to the U.S.But then, few markets are.That's why you find so many Germans and Australians and Spaniards and others trying so hard to find great deals in the U.S.And, even in the States, there are plenty of sub-markets where properties routinely fail the so-called "1% rule."
Dhwani Shah
Help me analyze this deal
6 October 2024 | 8 replies
Also checked area and it's 6mins from university.
Samuel Koekkoek
Need Advice: Renting vs. Buying in San Diego with $1.5M in the Bank
9 October 2024 | 13 replies
I would also explore paying the premium to be near one of the universities, so you have a bigger tenant pool.
Zachary Kersh
Should I Choose a First Job Based on How Good the Location's Rental Market Is?
5 October 2024 | 9 replies
I'm a University of Maryland student studying business and about to go into my senior year.
Colton Kotylo
Getting Out of The Contract
6 October 2024 | 49 replies
So, unless this was an OLD contract from prior to the NAR settlement it is very likely an exclusive buyer agency agreement. do you live in a special universe where realtors do what they say?
Chase Rule
Low money down options
6 October 2024 | 8 replies
Lenders are almost universal in their requirement that a borrower has "skin in the game".