Are you looking for a win-win-win-win investing scenario? Sure! Why wouldn’t you?
But does such a thing exist in today’s U.S. real estate market?
That’s what we try to find out in this episode of The Real Estate Guys™ Radio Show!
In the studio for this holistic discussion:
- Your host and Doctor of Discussion, Robert Helms
- Regular contributor, the Godfather of Real Estate, Bob Helms
- Returning guest, Texas investor and broker, Ron Black
What is one thing a tenant, landlord and property manager all have in common?
They all love a BRAND NEW PROPERTY!
Think about. Obviously, the tenant would rather be the first person to walk on the carpet, cook in the kitchen and sit on the toilet. (Okay, that was a little much, but you get the idea).
And once the tenant is in, as long as the rent makes sense, don’t you think she’d rather stay in their nice, new home longer? Sure!
Of course, the property manager would rather not be hassled with a bunch of fix-it calls. And obviously, a brand new property – especially one with a builder’s home warranty – is likely to have less maintenance than a much older home, right? Duh.
Do low maintenance expenses make the landlord happy? To quote Sarah Palin, “You betcha!”. (We know some of you might not like Sarah Palin, but can you think of a more famous person who says “You betcha”? We couldn’t either.)
We could go on and on, but you get the idea. If the numbers make sense, new is better than used.
BUT…and yes, it’s a big one…when you can buy a used home for below replacement cost in so many markets, can the numbers make sense to build new?
Yes it can. But not in every market.
So, as we often preach, the property isn’t the big deal. It’s the market. And though there are lots of great markets in the U.S. right now, there’s one that is at the TOP of the list when it comes to creating jobs. Do you know which one? (Drum roll, please) It’s….
So when we saw Houston at the top of the jobs creation list (we already knew that 4 of the top 10 fastest growing cities in the U.S. were in Texas, including Houston), we got out our list finder (if you’re under 50, you have NO idea what a list finder is) and looked up our buddy from Texas Investor Homes, Ron Black.
Ron was kind enough to drop by the studio and share the latest and greatest on the Houston market and why the Build to Rent program he’s been developing is working so well.
It isn’t rocket science, but it’s easy to overlook if you’re not paying attention. But that’s why you have us. Our full time job (and a little bit more) is to pay attention, then bring nifty (another throwback word) ideas to your attention.
And we think this Build to Rent concept is one of the niftiness ideas. We think you’ll agree.
So listen in to this discussion with Ron Black and if you dig it (yet another throw back phrase), at the end you’ll be rewarded with the secret key to accessing a special webinar Ron prepared for inquiring minds who want to know more. Sound groovy? (Oh, be-have. baby…)
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