We Buy Houses Houston in all conditions, clean or not so much. We are local house buyers in Houston that offer cash for houses. If you are relocating jobs and need to sell your house in Houston fast, contact reliable home buyers like us. Give us a call at 281-306-5191 or fill out our form on our website.
Are you thinking about investing in Houston Texas or anywhere in the surrounding areas? If you are, then you’re probably asking yourself “what does a profitable investment property look like in Houston“? Keep reading because we’ll cover that in this blog post and you might be surprised at the answer…
What Does A Profitable Investment Property Look Like In Houston?
When some people start thinking about what characteristics make for a compelling real estate investment, they often start with the property itself. However, the very first step is to start with you and consider this…
How Do You Define “Profit”?
Most people would initially define the word “profit” as “the positive difference between what you paid for an investment versus what you made from the investment.” For example, if you paid $50,000 for a distressed property and spent $10,000 to fix up the property, then you’ll have invested $60,000 total; and if you can sell the house for $100,000, then you’ll have made a profit of $40,000.
However, profit is a big, vague word. And you can actually “profit” in a number of different ways. You’re probably already defining profit in terms of money as in our example above. But some investors look for other types of positive outcomes, too, such as:
- Enjoyment of the land — which might be the case if you buy and hold a piece of vacant rural land with the intention of using it to go camping or fishing while you wait for the value of the land to increase over time).
- Education — which might be the case if you want to get into real estate investing but you’ve never done it before; some investors might be willing to give up the profit if it means they get to work with an expert who can show them the ropes
And even if you’re only thinking in terms of money profit, you need to consider: how much profit? And, how much effort is required to get that profit? Technically investing $99,900 and selling for $100,000 is a profit (of $100) but no one wants to invest in real estate for such small sums.
The next consideration is the process — and how you plan to invest. If you’re wondering what does a profitable investment property look like In Houston then you need to walk step-by-step through the process of how you plan to invest. For example, if you plan to rent the property or if you plan to buy, fix, and sell, then you need to crunch the numbers and make sure they work out. The two biggest questions are:
- How much can you acquire the property for?
- How much is required to fix up the property to get it ready to rent/sell?
Ultimately, you should be able to acquire the property and fix it up for less than you plan to make off of the sale of the property or off of the accumulated rental income over time.
Here’s Our Best Answer
Here’s our best answer to the question, what does a profitable investment property look like In Houston…
Find an investment that is attractively priced (compared to similar properties in the area), add as much value as you can (without spending too much), and then rent or sell for the highest price possible.
Frankly, this can take a lot of work to do on your own. Fortunately, you can work with a company like us here at Sunrise House Buyers TX who specialize in this and can help you eliminate a lot of the guesswork and answer a lot of the questions. In fact, we’ve already done a lot of the legwork to identify what does a profitable investment property look like In Houston and we’ve probably acquired some of the exact properties that may fit your needs.
we buy houses in Houston TX
There is a simple way to sell your house without an agent in Houston TX and without the added commissions and time. Sell your Houston house to local house buyers like us and avoid going through an agent. This can help you get your house sold fast and efficiently. We are home cash buyers in Houston Texas and pay all closing costs, the offer you get is the offer you get (no hidden fees either). We make it simple and efficient to work with us. See if your home is a good fit for us to buy. So click the form and enter your information or give us a call at 281-306-5191 and we can show you some of the investment properties we have available.