Texas, as a whole, has a large housing market. Home values have risen by around 24% over the past year. It's a strong seller's market, which means homes sell fast and have a high selling price. The Lone Star State is brimming with real estate investment opportunities.
With a low cost of living, a strong labor market and no income taxes, people are flocking in and raising property values. With the increasing popularity of renting, one of the best investment decisions is to invest in duplexes. In Texas, they're relatively inexpensive, while providing a good return on investment. With stable tenant demand, you can expect low vacancy rates and a quick return on investment.
Longleaf Lending is a direct hard money lender that offers fast and competitive financial solutions for real estate investment properties in major markets in the state of Texas. Here's a closer look at why real estate investors should consider buying investment property in Austin. To find an investment property that matches your search criteria and makes sense as an investment opportunity, you will typically need access to a large number of properties through a real estate agent or other available sources. This indicates that the market may have peaked and that real estate investors should exercise caution when evaluating new trades.
He loves writing about all aspects of the real estate investment business with a focus on market and property analysis and the best sources every real estate investor needs to succeed. Mashvisor is a real estate investment platform that collects massive amounts of data from several reliable and accurate sources in the U.S. UU. Smart investors are always on the lookout for states that offer great real estate rental opportunities.
Another aspect of Texas that makes investing in real estate there a good idea is the fact that you won't have to pay state income tax. In addition, the City of Lubbock is the eleventh largest community in the Lone Star State, making it a prime location for rental properties. A similar option is to invest in a syndicated real estate offering offered through an online marketplace such as CrowdStreet.