A Question About Texas Cash Flow Real Estate
We had a recent question about Texas cash flow real estate and thought that it was good enough to share! From Roderick, "I am interested in investing in cash flowing rental properties. But I am not sure which market or city is best right now. Several Texas cities do seem attractive. Any info you can provide would be appreciated."
Great question with a very long answer so I will try and touch on the highlights!
When looking for best cities there are dozens of things to factor in such as
- job growth
- population growth
- gov. programs to create growth
- building permit activity
- median incomes
- medium home prices
- how undervalued is the housing market
- absorption rates
- pending home sale activity
- And the list goes on and on and on
It is impossible to give all the stats info for each city here) but feel free to contact me for more info)
In a nutshell: Texas has a number of cities like Houston, San Antonio, Mc Allen, etc that are great for cash flow. It is my belief that the diligences mentioned above are best returned in the Dallas Market. Simply, because the cities ability to combined cash flow with the ability to get Growth while producing great returns in a market poised to sustain the returns.
- Dallas has a low median home price
- a high median income
- Job Growth that is the best in the nation
- Building happening everywhere
- Home sales are strong and climbing
- High income and low acquisition costs
- Investment properties that generate 20 to 30% returns
- 20 to 30% equity capture at time of purchase
- 30 to 50 Percent appreciation
- And the list goes on and on
There are a number of markets in the U.S that are great, In Texas I believe Dallas is on the top of their game.