Suggestions on buying a Investment / Rental property in or around Katy

Hi Sangeet,
There are a ton of good options for this. There is a pretty good pocket at the border of Katy and Cypress hovering from 529/Fry up to I-10 that has amazing potential. You can typically pick up great deals and maintain higher rents. You may also want to look into lower value homes that will rent quicker, may need a little work. You could potentially pick up 2 rental homes for around the same price and have more in rental income than 1 home at the price point you are comfortable with. You may also be in a position to refinance or take out a loan on your existing home in order to be able to purchase the others in cash, giving you a stronger buying position as well as opening doors to homes that may need some work that may not qualify under traditional mortgage avenues.
If you are interested in discussing more, please feel free to reach out to me.
Ryan Kohn
O'Hara & Co Real Estate
281-636-8179
ryank@rykohnrealty.com

Sangeet,

That's exciting that you're aggressively trying to pick up another property. Best of luck to you!

I would recommend getting a good estimate of how much a house will rent for, in subdivisions of Katy or other areas you have interest in. Use the FOR RENT tool on Har.com to see how many houses are current on the market as well. If there are only 2 available in an area and they are filled quickly, that could be a great sign. If there are 16 houses , with high DOM ( days on market) be wary.

Feel free to email or call me if you have additional questions!

Hi Sangeet,

I provided an article that might help you consider some areas.

Joseph Fernandez
Remax Prestige
281.889.3591

Katy or Sugar Land, Rosharon, Fresno, Richmond all have pockets to invest the money and get a 12 to 13% ROI.
Please text me at 713-398-6566

Hi Sangeet!

I would be very happy to help you with this. Please call me at 713.291.9015 to discuss.

Thanks!