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

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 6 November 2017

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to another episode where we’re going to talk about the Houston, Texas market. One thing that we’ve 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’t heard from any one of our clients that had invested in the Houston market reporting any kind of flooding or damage. That’s a good thing. There’s really one key reason why that was, and we’re going to talk about that today with my guest, Bryan. Houston is an interesting city. We’ve been there for many, many years. We’ve had a lot of happy clients and success there because it’s such an incredibly diverse and progressive city. It’s the nation’s fourth largest city, growing fast. It’s known as the city of infinite possibilities. It’s quickly approaching six million residents, that’s 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’s 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’s good for you and I as landlords. That’s what we’re going to talk about today. If you missed our last episode, be sure to listen to Passive Income with Syndications – Mauricio Rauld. Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to passive real estate investing the show where busy people like you
0:04.7	learn how to build substantial passive income while creating wealth for the
0:08.7	long term and now here's your host Marco Santorelli
0:12.3	Welcome to passive Now here's your host Marco Santorelli's.
0:13.8	Welcome to passive real estate investing.
0:15.9	I'm your host, Marco Santorelli,
0:18.0	and welcome back to another episode
0:19.6	where we're going to talk about the Houston Texas market.
0:22.4	And one thing that we've been getting asked a little bit
0:24.7	about recently is the effects of Hurricane Harvey. As you know, Hurricane Harvey ripped through the
0:30.4	Caribbean and beat up some of the islands down there and then hit the coast pretty hard.
0:36.0	However, the good news is that there was no bad news and we haven't heard from any one of our clients that had invested in the Houston market
0:45.0	reporting any kind of flooding or damage.
0:47.6	So that's a good thing.
0:49.0	And there's really one key reason why that was, and we're going to talk about that today with my guest Brian who's going to be on here in a couple minutes
0:57.8	But Houston's an interesting city. We've been there for many many years and we've had a lot of happy clients and success there because it's such a incredibly
1:07.5	diverse and progressive city. It's the nation's fourth largest city growing fast. It's known as the city of infinite
1:15.2	possibilities. It's quickly approaching six million residents. You know that's
1:19.7	more than 32 states and it just continues to grow. Strong jobs, strong population growth, a
1:26.4	friendly business climate, lots of cheap land to build on. It's just a great market and
1:31.7	coupled with all that we have a lot of what are referred to a stem jobs
1:35.8	STEM meaning science technology engineering and math and when you have jobs in the stem field
	...

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