Investing in Houston, Texas (and Hurricane Harvey) | PREI 093

Published: Nov. 6, 2017, 8:08 a.m.

b'Welcome back to another episode where we\\u2019re going to talk about the Houston, Texas market. One thing that we\\u2019ve been getting asked a little bit about recently is the effects of Hurricane Harvey. As you know, Hurricane Harvey ripped through the Caribbean and beat up some of the islands down there and hit the coast pretty hard. However, the good news is that there was no bad news. We haven\\u2019t heard from any one of our clients that had invested in the Houston market reporting any kind of flooding or damage. That\\u2019s a good thing. There\\u2019s really one key reason why that was, and we\\u2019re going to talk about that today with my guest, Bryan.\\n Houston is an interesting city. We\\u2019ve been there for many, many years. We\\u2019ve had a lot of happy clients and success there because it\\u2019s such an incredibly diverse and progressive city. It\\u2019s the nation\\u2019s fourth largest city, growing fast. It\\u2019s known as the city of infinite possibilities. It\\u2019s quickly approaching six million residents, that\\u2019s more than 32 states and it just continues to grow. Strong jobs, strong population growth, a friendly business climate, lots of cheap land to build on, it\\u2019s just a great market. Coupled with all that, we have a lot of what we refer to as STEM jobs. STEM meaning science, technology, engineering and math. When you have jobs in the STEM field, what you have are high paying jobs. Roughly 6% of employment in Houston is held by STEM job holders. That adds to equality rental pool, that just means more stable tenants. Houston is drawing businesses in from everywhere as well as new residents. These are not only people who are looking to buy and live there, but also people who are tenants. That\\u2019s good for you and I as landlords. That\\u2019s what we\\u2019re going to talk about today.\\n If you missed our last episode, be sure to listen to Passive Income with Syndications \\u2013 Mauricio Rauld.\\n Enjoy the show!\\n \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013 \\u2013\\n Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.\\n Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here\\u2019s how.\\n See our available Turnkey Cash-Flow Rental Properties.\\n Please give us a RATING & REVIEW (Thank you!)\\n SUBSCRIBE on iTunes | Stitcher | Podcast Feed\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'