is it good to buy a house to invest in Texas?

Answer 1

I've been in the property management business for 25 years in dallas and no this is not a good area for investors. investors are going to these seminars all over the country and being told to buy in texas they will get good rents and make money when ready to sell, the dallas metroplex area is not a good rental market, maybe austin or san antonino, but not even sure about those areas.
the house are staying on market longer and we are not getting the high rents we use to. some may houses are not selling because so many on market and owners are trying to lease, to many on market, alot of people applying with terrible credit that area in foreclosure and bankruptcy
I think for investments you would do better in mutual funds

Answer 2

The best reason to buy a house is so that you don't keep paying rent. If you want to invest money, I'd suggest a good quality mutual fund.

Prices around Houston have grown slowly and steadily. It is unlilkely that you will suffer a loss if you buy a house in most parts of Texas, but you should not expect your investment to double in a year or two, unless you pick a lucky spot that starts to grow rapidly.

Answer 3

It is a great time to buy or invest anywhere as long as the price is right. Do your homework and you can make money in any market.
Buy Low and Sell High!!

Answer 4

a few of them, yes

some of them, maybe

many of them, not likely

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the devil is in knowing which case you're looking at -- and since you've told us nothing else at all, it is up to you to figure out.

Hint: after all expenses, including managment and vacancy, what cash on cash return do you expect to make per year, on average, over the first 5 years of your ownership?

If you can not answer this question -- get started. I guarantee that all the pro investors out there do answer this question before they offer anything for a property.

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