It.s Good Investment To Buy A Home To Rent It Later In Suburbs Of Texas Big Cities ? (Houston: rental)

[overlander]

I am from south Spain i plan to buy 1 perhaps 2 single family homes in some suburbs of dallas-f. worth or houston , i mean garland, plano, katy, richardson, sugarland etc, it,s this a good investment if you try to rent it later if you buy the property close to hospitals and or colleges - universities to students, doctors, nurses etc , do people rent properties in texas or they prefer to buy ??? do you think if i buy a home close to universities or hospitals i will rent it fast or not ?? thanks and greetings from andalucia, south Spain.

[940]

Overlander...my best friend in NYC bought a home a few years ago in a growing neighborhood in Round Rock which is a suburb of Austin. He has had no problem renting it out especially to some folks who worked at nearby Dell Computer headquarters. He has actually made some money on his investment b/c it's now worth much more than when he initially bought the property. Homes in different areas of Texas can be very cheap so I would say to go ahead with this idea and do it. You're sure to get into a property inexpensively and hopefully make some money on it over time.

[overlander]

thanks 940 i will go ahead with the purchase of properties and concerning with the right place to buy for later to rent what metropolitan area is better for this purpose, dallas, houston, fort worth, austin or san antonio ??? or all of them alre equally good ??, thanks again for the information.

[940]

Originally Posted by overlander

thanks 940 i will go ahead with the purchase of properties and concerning with the right place to buy for later to rent what metropolitan area is better for this purpose, dallas, houston, fort worth, austin or san antonio ??? or all of them alre equally good ??, thanks again for the information.

Overlander, any of the above metros would have some inexpensive homes so no worries there. You can't go wrong with buying something in either Dallas/Ft Worth, Houston, Austin or San Antonio. All have a large supply of homes, new and old, that you could get for a good price and then rent out over time. All these metros are growing like crazy and the homes are still fairly priced compared to areas like Florida, Arizona or California which have totally become unaffordable for those buying their first home. Good Luck!

[momof2dfw]

First in the Dallas area check with the cities and see which ones have rental home registrations and require inspections on rental properties. I do know in Garland (Dallas area) it is mandatory. There are a few others around here that are thinking about it and some that have already gone ahead with it.

[wxn727]

Originally Posted by 940

Overlander...my best friend in NYC bought a home a few years ago in a growing neighborhood in Round Rock which is a suburb of Austin. He has had no problem renting it out especially to some folks who worked at nearby Dell Computer headquarters. He has actually made some money on his investment b/c it's now worth much more than when he initially bought the property. Homes in different areas of Texas can be very cheap so I would say to go ahead with this idea and do it. You're sure to get into a property inexpensively and hopefully make some money on it over time.

What is the attitude towards folks from other parts of the country relocating to Austin? Many parts of my beloved South can have people who are very "Clannish" and closed to new people. What are your thoughts?

[AustinTraveler]

Austin is a very accepting and tolerant place where everyone is welcomed with open arms. I was raised in the south and lived there most of my life. I can honestly say that Austin is absolutely nothing like most of the southern states, and that is definitely a good thing in my opinion.

[940]

My friend has had no problem renting out his new home in Round Rock. The couple he has in there now are so friendly and laid back. My friend's also gay and they have no issues with that either. I believe as long as you are in larger metros, you won't have much to worry about as opposed to maybe a much smaller town where everyone seems to know everyone else's business!