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Why the Time is Now in HoustonThe housing market may be melting down in other areas of the country, but according to Business 2.0 and Moody's Economy.com, the Houston market has just about hit rock bottom and makes for incredible opportunities for savvy investors. We've always known we had a great economy and housing market, but the rest of the country is finally getting in on the deal. With over 100,000 new jobs in the last year, the capital of oil and gas never really saw the slump that other markets did.The three biggest markets in Houston going into the next year are going to be West Houston (specifically Katy and Bridgeland area) as well as inner loop locations. Katy and the 290 areas are both going to see massive amounts of development, especially from the medical industry and these hospitals and medical centers will require housing for new employees wanting to live near work. The same holds true for the inner loop locations as the Texas Medical Center continues it's growth and the downtown area spreads outward. Savvy investors know that the best deals are made at the bottom of the market - so the time is now to act. Check out Real Estate Bounce Back for more information.  . Why HUD Homes Are Still a Great InvestmentMany investors have forgotten that HUD homes can still be a great investment opportunity. Partly because there seems to be a stigmatism about HUD homes in the general home-buying community, and partly because many would-be homebuyers don't know how to find them - HUD homes are making a come-back with smart investors.For example, we recently started working with a young couple to help them find their first home. They didn't know much about buying homes, but knew that they wanted a foreclosure so they could buy some equity. You see, they are very much aware that this will be their starter home, and plan to buy a bigger home down the road. When I mentioned looking at HUD homes, they cringed. Literally, cringed. You see, the perception that they had (and a lot of homebuyers have) is that HUD homes are run down, are located in bad, gang infested neighborhoods, and are horrible investments. The fact is, the only difference between HUD foreclosures and Bank Foreclosures is in the way the original purchase was financed. Now that it's been foreclosed on, the home becomes the property of the Department of Housing and Urban Development rather than the lender. BidSelect.com manages the sale of these foreclosures through an online auction system that works very well. The hidden secret that no one wants to share though, is that you can usually pick these properties up for roughly 87% of the price their listed at. Just recently, we had an investor bid on a home in Cinco Ranch that was listed at $130,000. The home needed about $10,000 worth of repairs, namely flooring and paint. However, the home comped out at around $165,000... and that was on the low end. How's that for a bargain? You can read more about HUD homes here 
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Call us to get on our priority investment hotline. We can set up custom searches to deliver potential investment properties to you the moment they become available. You'll know about them before anyone else!  Curious to see what you could qualify to buy? Apply online for loan approval now. It only takes a few minutes, and three local lenders can tell you what you could qualify to buy! 
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The statistics show that our housing market is still stronger than it was last year despite all the sub-prime lending scandals you've heard about it. We're seeing more 'rationally' qualified buyers than ever before, which means you, as the investor, will have fewer break-out deals and ultimately, less headaches. As an investor, you've got so many available options to you right now - give us a call, and let us speak to you about them!
We are always looking for good investors! If you, or anyone you know is looking to buy, sell, invest, or lease real estate, please have them contact us! We'd love to show them what service in the real estate industry is all about! Remember, when you refer a friend to us you get your choice of $50 gift cards when it closes. Your referral is the greatest compliment I could ever receive!
