Investment in Houston (Spring, Humble, Post: for rent, lofts, house)

[Mimmers629]

Hi!

I am going down to Houston this weekend to purchase a property for investment. I live in S. California. Does anyone have any input about investment in the heart of Houston? I am looking at a high-end loft called "The Lofts on Post Oak." I was told the rent is really high there. I will also be touring the northern parts of Houston (Spring, Woodlands, Humble, etc.) as well. Can anyone provide some insights as to these areas and advice for a first time, out of state investor like myself? Any tips you can offer is appreciated.

Thanks!

[Stuart B. Scholer]

Near north side. Buy an old house 20%-25% down... might have to do some repairs... and rent it out, break even and wait 3-5 years. Buy that loft and put 30-40% down...no work...management co...break even. Wait 5 years.
I have lived in Hou all my life... I work it and know it.

Stuart

[johnsmith]

How north, near airport? How come people rent the house if the price of house is cheap? If you can pay 1200 per month for rent, why don't we buy a house?