Foreclosure and Real Estate Blogs

Took a trip out to Texas about a month ago to look at some property for investment.  That would be long-term hold investment, not a quick buy and flip for quick profit ’cause that doesn’t work so well for mainstream properties in Texas.

Being fairly familiar with high-priced coastal areas, it was quite a shock to see what you can actually get for your money in Texas.  Yeah, you have heat in the summer, and sometimes humidity, and really high property taxes, and your property won’t appreciate like it can in some other places, but:
If you are careful, you can buy and have rents pretty much cover the payments on the property.  Try doing that in Coastal California.

Why Texas instead of Kansas or Oklahoma, or someplace else?
It’s pretty simple.  My wife has family there, and they are willing to manage property, plus keep an eye on area changes and developments.  If you’re going to put money into a non-liquid investment, it’s really not very practical to buy where you can’t keep an eye on your investment.