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1. Which area is better for real estate investing (buying multi-family properties to rent out) in 2019 -- Atlanta or Houston area?
2. Which specific counties/surrounding cities do you recommend in either of the above locations?
3. I think I'm down to Atlanta and Houston but curious about how Dallas and DC suburbs/Maryland compare. Assuming properties are more expensive in these areas as compared to Atlanta and Houston, about how much more would a comparable property cost?
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.
That's a good point. In Houston, you might find yourself on the right side of the market.
AASB, is it an ongoing shortage of rental property due to the floods that you are referring to?
That's a good point. In Houston, you might find yourself on the right side of the market.
AASB, is it an ongoing shortage of rental property due to the floods that you are referring to?
That is a part of it yes. But it has also taken a while for the market to catch up since the last oil slump. Now oil is doing fine but the market is still somewhat lagging. In two years, it should all catch up. Thats why now, investing is definitely a better idea in Houston. That isnt a statement on preference of city, just market dynamics.
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.
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