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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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14 October 2024 | 0 replies
The office rental market is experiencing a puzzling trend: office vacancy rates are soaring, but rents continue to rise.
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11 October 2024 | 7 replies
Do you have a specific market area where you're looking to get a Limited Partner (LP)?
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16 October 2024 | 8 replies
That way when rates come down, I can refi and not have to deal with so many other buyers entering the market.
14 October 2024 | 7 replies
The key is to create an amazing property, in a great location, then manage and market it better than the sub-par property managers in the area.
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11 October 2024 | 4 replies
I am just starting out in the real estate investing world and have been listening to podcasts.
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15 October 2024 | 4 replies
- Jasper / Pat AboukhaledTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 Afor residential real estate growth and opportunity by PwCCheers,Pat
11 October 2024 | 9 replies
If you live in KC, look in the Event section here for meetups near you and use sites like Meetup dot com to look for real estate investor meetups.
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10 October 2024 | 6 replies
Hi all, I have been interested in getting involved in real estate investing for quite some time, and I am just now feeling brave enough to start actually taking action!