Since I grew up around them, it makes for enjoyable days in the fast-paced world of South Texas oil and gas.

Keep in mind that with oil prices lower for longer, many industries in Houston will suffer, not just big oil and oil service companies, but also the companies that provide software, accounting, etc to the energy industry.

We have a military base here and Oil company that are not going away anytime soon so there is always someone willing to rent or buy.  

Additionally, the oil and gas market heading down has turned off some outside investment.

Well, the plumbing is done ($1500), remember it was an oil furnace (more copper), well the oil was converted to gas $3,500 w/labor and units Sep. metered.

However, there are many other things to consider when taking money into a new country.I personally have considered most of the bigger cities in europe and have found that the main thing to consider is the currency of the target area versus where you are.As an example, norways economy is largely driven by oil and with todays oilprices the currency here is very weak.

Hi BP,I am looking at a property that has an empty oil tank.

She is dropping 6k tomorrow to convert from oil to gas heat, so her costs right now are scaring her.Waiting 2 weeks with a lower price would still mean it was empty on October 1 which is her self imposed deadline for rental.  

With that will come a lot of real estate investing, and here in the Rust Belt the opportunities for older buildings are still rich and varied.I'm working with a Oil & Gas land man who is also taking a new direction in his life.

I know that major chains invest in areas where they can make money, so a Costco, Whole Foods, or Trader Joes signifies a neighborhood getting better while a McDonalds, dollar store or oil change place does not.