The latest industry numbers out of Houston paint a VERY positive picture for those looking to invest in real estate properties or explore wholesale property deals in the greater metro region. The biggest winners? Investors who are snatching up below-market homes and converting them into rental properties to generate solid passive income.
In February, single-family home rentals soared 26.5 percent. The average rent for those properties edged up to $1,733 (an increase of 0.8%!!) according to the newest monthly report from the Houston Association of Realtors.
February’s numbers continue a trend that the Real Wealth Network highlighted earlier this year — Houston investment properties are a gold-mine!
Let’s take a look at the numbers…
The median price of a 3 bedroom home in Houston was $159,000 in January. That’s 21% lower than the national average! This should be music to an investor’s ears.
For those just getting started in real estate investing, this presents an opportunity because the barrier to entry is significantly lower. Simply put, Houston investment properties are affordable!
Meanwhile, the median monthly rent for one of these 3 bedroom homes was $1,440. The national purchase-to-rent ratio is 0.71% — for a Houston investment property, however, it’s 0.91%.
The long-term trends looks even better…
Over the past 7 years, homes in Houston have appreciated 37% compared to 41% nationwide. At the same time, the average rent outpaced the national average — 20% increase in Houston, 17% nationwide.
PROPERTY VALUES APPRECIATING SLOWLY + RENTS INCREASING QUICKLY = STRONG CASH FLOW OPPORTUNITIES
Whether you’re looking to expand your investment portfolio or just getting started in real estate investing, there is no doubt — you should ABSOLUTELY be looking at real estate investment opportunities in Houston in 2019.
Here at Houston Wholesale Property, we are gearing up for a busy year spent finding those off-market deals and properties that present tremendous cash flow potential. The hardest part about getting started in real estate investing is finding the best properties to invest in. But the good news is, we’ve already found them – and we’re ready to pass them along to you!
We know Houston well, and we certainly know Houston real estate. Our wholesale homes listings comprise some of the best Houston investment property deals you’ll find on the market – and SEVERAL of them you won’t even find there. That’s because we notify our Preferred Buyers’ List FIRST when we find an awesome wholesale real estate deal, and they snatch them up before we even get them listed.
>> Find out how to join our Preferred Buyers’ List for free TODAY and start receiving details about the absolute best wholesale homes and Houston investment property deals as soon as we find them
Whether you’re a seasoned investor looking to generate solid return this year or you’re a first-timer who is wondering how to get started in real estate investing, Baltimore is primed to be a hot-spot for wholesale home deals in 2019 and many years to come. An affordable and accessible market paired with a strong base of renters is the sweet-spot for anyone looking to buy an investment property. Throw in the substantial economic investment that’s occurring, and it’s clear why every investor should be looking at wholesale homes in Baltimore in the new year.