My first wife's family all lived in League City, and then moved to Webster. We'd go to Kemah boardwalk all the time. They got wiped out by a storm or two over the years. But the 8 years I spent in Texas, I always lived in Austin, so I became all too familiar with that 2+ hour drive over.
Travis County. Now that's where it's at. If only I had been successful in my pitch to buy a cheap 2/1 and be in state to finish my U.Texas degree when I went as an undergrad in 2001. Talk about a rental property in 78724. Now these properties are 3/2 + 2/1 and pushing $1M.
I've been looking at multi-family units/buildings here. I don't feel suicidal...
Perhaps you are right, but you are familiar with that market. For me that is intimidating! :)
My first wife's family all lived in League City, and then moved to Webster. We'd go to Kemah boardwalk all the time. They got wiped out by a storm or two over the years. But the 8 years I spent in Texas, I always lived in Austin, so I became all too familiar with that 2+ hour drive over.
If you bought and kept that in Travis County, you would be all smiles today :)
from $95K to $750K
LOL, you see!
Also interest rate were lower, even if not, but by now you probably re-financed it.
If nothing else, it is okay for me to familiarize myself as a thought experiment. I just never dealt with complexity of multi unit apartments