Where to Buy Investment Properties in Texas
Do you want to buy investment properties in Texas but aren’t sure where to look?
Texas offers potential investors strong, stable population growth, a favorable tax framework, and a diverse economy, making it an appealing option for investors looking to diversify their portfolios.
Is buying an investment property in Texas a good idea?
And while that’s great for real estate investors who already own rental property in Texas, anyone looking to buy their first investment property had a hard time breaking in—this was especially true for new investors.
Yes, the Texas real estate market remains strong, but there are great opportunities if you know where to look.
Best cities to find investment properties in Texas
Finding rental properties that fit within your budget and align with your investment and portfolio goals is essential to building wealth through real estate investing.
These are just some of the best cities for real estate investment opportunities in the Lone Star state.
El Paso, Texas
El Paso boasts a population of more than 650,000 and home prices below the state average, making it a great choice if you’re looking to buy an investment property in Texas. While El Paso’s population growth has been small, it remains consistent, even increasing despite recent pandemic restrictions.
El Paso’s diverse economy, pivotal role as a regional transportation hub, and high-end medical facilities make it an appealing choice for investors hoping to expand their portfolio with a good investment for a relatively low cost.
What’s your loan scenario?
The home to Sam Houston State University and an hour away from famed Texas A&M, Huntsville has a lot to offer potential investors.
Located between Houston and Dallas, Huntsville is also home to the Texas State Penitentiary, one of the main employers in the region.
With a population of just over 45,000, Huntsville boasts an almost recession-proof economy, a historic downtown area, and great weather.
Austin’s robust economy, business sector, and artistic climate make it a continual draw for visitors and new residents alike. Affectionately called “Silicon Hills” by local residents, Austin’s business center is home to tech companies and industry leaders, including IBM, Tesla, Google, and Amazon.
Austin has experienced tremendous population growth, jumping by more than 20%, which continues to bring property values along for the ride.
The current rise in mortgage rates has caused a dip in housing prices, offering a much-needed “breather” and a lower point of entry for investors looking to get into Texas real estate.
San Antonio offers a median home price of $285K, an increase of more than 8% yearly, adding to the already strong Texas housing market.
The city has attracted major business headquarters, like Toyota, Boeing, Wells Fargo, USAA, and Caterpillar. Companies, including Pabst Brewing and Skipcart, have also announced they’re migrating, adding more jobs, money, and rental property demand to the Alamo City.
Population growth continues to fuel growing housing demand, making it a great place to consider a real estate investment.
Should I use a property management company?
If you’re researching how to get the most out of your rental properties in Texas, it’s important to consider how you’ll manage the day-to-day operations.
Some property owners struggle to act as landlords and administrators, especially with multi-unit properties.
While it’s not necessary to use property management, it can make things easier depending on your schedule and the number of tenants.
Acting as a landlord to one or two single-family homes with good tenants can be a relatively low-maintenance scenario requiring minimal time and effort. Handling several multi-family units, however, can feel like a full-time job.
Many real estate investors find working with a property management company can offer several benefits, including:
- Sourcing and screening the most appropriate, reliable tenants
- Handling day-to-day landlord/ tenant issues such as missed or late rental payments, noise complaints, and property damage
- Dealing with bad tenants
- Carrying out ongoing maintenance and repairs
- Property administration, including collecting monthly rent, conducting inspections, paying property taxes, etc.
How to find an experienced real estate investment partner
Are you a real estate investor looking to expand your portfolio? Is a new investor eager to buy your first rental property? The Marquee Funding team can help.
By working with a private money lender, like Marquee Funding Group, you do more than finance your mortgage—you get an investment partner.
Securing a mortgage for an investment property can be challenging, especially if you have complex tax returns, are self-employed, or still owe money on your primary home mortgage.
This is because conventional lenders like banks, mortgage lenders, or credit unions consider investment property mortgages riskier.
They don’t evaluate the investment based on its potential for success.
But at Marquee Funding Group, that is precisely what we do. Each deal we accept is unique and deserves independent consideration.
Fund your vacation rental property with Marquee Funding Group
We thrive making the deals that conventional lenders can’t—or won’t—make. Our team of real estate investment experts carefully evaluates each loan scenario we receive based on its likelihood for success. And if it’s a good deal, we’ll make it.
That’s why we offer a number of different loan options, including
- Owner- and non-owner-occupied loans
- Fix-and-flip loans
- Fix-and-occupy loans
- Single- and multi-family property loans
- Same day approval
- Closing in as little as seven days
If you’re in the market for a rental property in Texas, submit your loan scenario to the Marquee Funding Team today. We’ll quickly review the information you provide and be in touch to talk about the next steps.
If you’re not ready to move on a deal but want to learn more about how hard money financing works, contact Marquee Funding Group today. We’re happy to answer your questions and discuss your real estate investment goals.