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As a fellow multi-family investor it's really gonna come down to where in each city you're looking to invest and how many units each property contains. Are you talking about duplexes or entire communities?
My pick would be Atlanta, but that's only because I lived there and understand a lot more of that city. With Houston you have to take weather events like hurricanes and flooding into account since it's right near the ocean. Property taxes in Texas are higher as well.
My preference is fourplexes. Your thoughts on Cobb County? Any other suggestions?
If you’re looking to make money, Houston. The market hasn’t quite recovered from Harvey where as Dallas and Atlanta are the highest they’ve been.
This is my dilemma.... but have a feeling that Atlanta will be better long term.
Atlanta. Property taxes seem high in Texas. Plus, the weather is way worse in Houston. Plus, hurricanes. Houston incomes are higher but I’m not sure that necessarily translates into higher home values, all things including taxes considered.
If you look at the Census estimates Houston has more people moving to it and only about a 4 month supply of housing inventory. Inside the loop is the preferred market , some of the more outlying sub-markets are losing value. Look for something in the Heights , or nearby up and coming neighborhoods there abouts…….
A lot of people are talking about factors that tend to be reflected in the purchase price, like property taxes, and can easily be a wash overall. It's still relevant to for reasons such as cash flow of course.
In a quick look, nobody has mentioned the ease of development...the enemy of real estate investors for obvious reasons. A place where development will get increasingly harder and more expensive, but that's still growing, will tend to be a better investment. Commercial real estate professionals call the difficulty of new supply "barriers to entry."
Likewise, it's generally good to invest in a neighborhood that's just starting to move upward but mostly hasn't yet. Likewise, a place with bad traffic might value proximity more (see highrise booms in traffic-choked cities).
Regional powerhouse that will continue to be a draw for an entire region. With the low COL, higher than average wages, and faster growing technology sector (which has continued to prove the most substantial factor is economic growth/disparity of MSAs), I think ATL has a chance to be one of the best long term investments in the States. Local/higher education should factor in, but I know less about the two choices on this front. I do know, though, that Georgia Tech, Emory, and UGA are a good set of schools considered to be in ATLs MSA boundaries.
I'm amazed at the nice houses you can get in both places at such a low price.
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