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18 June 2024 | 0 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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20 June 2024 | 26 replies
However, it may turn people off to nice investments that can give you anywhere between 12-15% ROI (singles, doubles, and triples.I'm far from an expert and I want to learn different ways you guys analyze deals.
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20 June 2024 | 14 replies
Condos have had generally more trouble selling because of people's general perceptions of HOA fees.
20 June 2024 | 7 replies
There are many people here on the forums that are so resourceful and can give advice to almost any hurdle in your journey
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20 June 2024 | 10 replies
What are some tools that people use to figure out what comparable homes/units are charging tenants for rent in an area you're interested in investing in?
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20 June 2024 | 5 replies
Good morning aqsaYou can find Property managers who will do that for youYes you can start with BRRR and connect with people who invest in midwest on this forum and they can guide you
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20 June 2024 | 9 replies
There are strong macro factors to include migration, job increase, and quality of life that will be bringing people into the area for years to come.
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20 June 2024 | 1 reply
Are there people who share an environmental passion & approach on this forum.
21 June 2024 | 14 replies
But my guess is to the reason why people who own a duplex and if they are an investor they don't worry about the mortgage because they have the tenants paying the rent which pays off their mortgage and also have extra left over (cashflow).
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20 June 2024 | 2 replies
I'd be surprised if there is a sustainable builder in Texas that I have not at least talked to, if I don't actually know them.I am trying to develop projects that allow these folks to showcase their work so people may discover that they can live in healthy, efficient, comfortable, forever homes that don't burn, and are insect proof and mold free.