What You Should Know About Investing in Texas Real Estate



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You know what they say: everything is bigger in Texas. While this rings true for many aspects of life in the Lone Star state, it’s particularly applicable to the real estate investment world. The opportunities to create a profitable business are booming, and the investors with big ideas are dominating the market. So how do you get in on the housing boom? Take a look at some of the key things to keep in mind as you jump into the realm of Texas real estate.

 

Target Cities with Growth in Tech, Health care, and Energy

In the last several years, two thirds of new jobs in Texas have been in three industries: tech, health care, and energy. As if the vast amount of land available in the Lone Star state wasn’t a big enough advantage, the state also offers plenty of tax incentives for businesses to open up shop. This means the economy in Texas will continue to grow as companies look for more affordable ways to keep production costs low. Not to mention that tech, healthcare, and energy are stable industries that will continue to grow as innovations are made. That’s why it’s smart to invest in real estate in cities where these businesses are booming.

Workers in these industries are likely to be paid well. They’re also likely to be single and without kids. That makes these cities prime for real estate investors. The constant demand for rental units will supply a steady stream of business, and there’s a low probability of that demand slowing down. Dallas-Fort Worth is always a safe bet for investors who are just starting their real estate journey, but study which other cities have tech, healthcare, and energy growth.

College Towns Provide Steady Rental Business

The amount of college towns in Texas make the Lone Star state a real estate investor’s dream. Waco, College Station, and Lubbock all have a constant stream of students who are looking to rent. It’s likely you’ll have a higher turnover rate in these towns compared to larger cities that have more families. But your property will always be in demand. If you don’t like the idea of renting to college students, you could always target the staff and faculty of the many universities throughout the state. Austin provides a large population of professors who are looking for affordable homes. The large tourism industry of Austin also makes it possible for investors who are interested in Airbnb properties to make a substantial living.

Finance Your Project Like a Local

Whether you’re born and raised in Dallas or are a transplant from the East Coast, it’s important to understand how to work the Texas real estate business to your advantage. If you’re venturing into rental property ownership for the first time, the Texas Department of Housing and Community Affairs offers special homeownership programs for first time buyers that have lower down payments than traditional mortgages. Because Texas is such a booming market, prime real estate can get snapped up quickly.

If you have your eye on a property that you think will go fast, a traditional loan might take too long to secure. Luckily, the Lone Star state has plenty of other options. For example, if you’re looking to flip a house in Houston, look for hard money loans in Houston to get your financing in a much more timely manner. Depending on your property, the city you’re targeting, and your personal finances, there are plenty of standard and unconventional financing options for real estate projects.

 

Understand State Taxes

Texas has one of the lowest state tax burdens in the United States. No personal income taxes or inheritance taxes are imposed, making it a desirable place to live. However, real estate investors should know that local taxing units, such as counties and cities, determine and collect property taxes on all income-producing property. Because of this, tax rates can vary drastically by location. Make sure to do some research into the local property tax before investing in a project since there isn’t just one blanket state tax.

 

Full of unique culture, delicious cuisine, and a growing economy, Texas is the ideal state for your next real estate investment. Once you know the basic ins and outs of the market, you’ll be good to go—now watch your profits grow

 

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Greatest Chefs 2019

Chefs are invisible artists. They keep us salivating, our minds fixated on the last time we ate at our favorite restaurant, and when the next time we plan on going. For all the times we stuffed our faces with our favorite dish, let’s give it up to the chefs behind the meal. Nominate your favorite chef now!

Greatest Pets 2019

Man's Best Friend can be South's Greatest Pet with the right amount of love. Enter your pet and get those votes! Limited to South East Georgia and the Low Country. Nominate your favorite pet now!
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Events Calendar

  • "The Prints of Dame Laura Knight" Exhibition at Telfair Museums

    Jan 19, 2019
    10:00 AM - 5:00 PM @ Telfair Museums' Jepson Center

    Telfair Museums exhibits nine prints by Dame Laura Knight (British, 1877-1970), together for the first time since they were acquired by the museum...

  • "Keita Takahashi: Zooming Out" Exhibition at Telfair Musuems

    Jan 24, 2019
    10:00 AM - 5:00 PM @ Jepson Center

    Telfair Museums hosts the first museum survey of the work of visionary videogame designer Keita Takahashi (Japanese, b. 1975). Takahashi is noted...

  • Ready. Set. Summer. at Bluemercury!

    May 13, 2019
    10:00 AM - 8:00 PM @ Bluemercury

    Summer is quickly approaching – stop into your local neighborhood beauty store Bluemercury for all the essentials you need to refresh your summer...

  • “Jaume Plensa Talking Continents” Exhibition at Telfair Museums

    Mar 01, 2019
    12:00 PM - 5:00 PM @ Jepson Center

    Jaume Plensa (Spanish, b. 1955) is one of the world’s foremost living sculptors. He is widely known for large-scale public artworks and more...

  • "Rembrandt and the Jewish Experience" at Telfair Museums

    Mar 15, 2019
    12:00 PM - 5:00 PM @ Jepson Center

    This exhibition contains 21 etchings by Rembrandt and one drawing by Rembrandt’s teacher Pieter Lastman (Dutch, 1583-1633). These works highlight...

  • 200th Anniversary Celebration

    May 22, 2019
    5:30 PM - 9:00 PM @ Ships of the Sea Maritime Museum

    Join us for the 200th anniversary of the SS Savannah's historic trans-Atlantic crossing - the WORLD'S FIRST oceanic voyage under steam! In...

  • Fermenting Our Meditation Practice with Susan Lamb

    May 01, 2019
    7:15 PM - 8:30 PM @ Savannah Power Yoga

    Most of us begin meditation practice hoping to feel less anxious, to be more focused, or remain in a steadier state when approaching the challenges...

  • Rembrandt Exhibit

    Mar 15, 2019
    All Day @ Jepson Center

    Rembrandt lived and worked in Amsterdam during the Dutch Golden Age in the 17th century. Although most residents of Amsterdam during...

  • National Maritime Day

    May 22, 2019
    All Day @ Ships of the Sea

  • SS Savannah (1819-2019)

    May 23, 2019
    10:00 AM - 5:00 PM @ Ships of the Sea Museum

    2019 marks the 200th anniversary of the SS Savannah's groundbreaking trans-Atlantic crossing.  In recognition of this monumental achievement,...

  • SS Savannah (1819-2019)

    May 23, 2019
    10:00 AM - 5:00 PM @ Ships of the Sea Museum

    2019 marks the 200th anniversary of the SS Savannah's groundbreaking trans-Atlantic crossing.  In recognition of this monumental achievement,...

  • Moose Tracks - 10,000 Scoops Challenge

    May 23, 2019
    11:00 AM - 3:00 PM @ Ellis Square

    Enjoy FREE Mayfield Creamery Moose Tracks Ice Cream to help raise $10,000 for The Salvation Army of Savannah. Moose Tracks is partnering with...

  • Hospice Savannah Party and Art Auction

    May 23, 2019
    5:30 PM @ Cha Bella

    Hospice Savannah’s  Board members invite the community to celebrate 40 years of “The Art of Living”  at a Summer Nights Party and Art...

  • Friday Concert Series

    May 03, 2019
    7:00 PM - 12:00 AM @ Historic Courthouse, Downtown Blairsville on the S

    Come enjoy live music every Friday Night from the first Friday of May through the end of October. The Historic Union County Court House will host...

  • Savannah Mile

    May 25, 2019
    8:00 AM - 1:00 PM @ Forsyth Park

    The 14th Annual Savannah Mile presented by the Two Hundred Club of the Coastal Empire honors our fallen first responders, their families, and our...

  • Bug Fest

    May 25, 2019
    10:00 AM - 4:00 PM @ Savannah Children's Museum

    Savannah Children’s Museum invites the public to attend Bug Fest 2019, the annual family-friendly celebration abuzz with bug crafts,...

  • Interstellar Echoes Present Pink Floyd!

    May 25, 2019
    8:00 PM - 10:00 PM @ Tybee Post Theater

    The Southeast's premier Pink Floyd Tribute, Interstellar Echoes, back at the Post after a sold-out concert last year, pride themselves on...

  • Memorial Day Parade

    May 26, 2019
    10:00 AM - 11:45 PM @ Downtown on the Square, Blairsville

    Bring your friends and family to the Blairsville Memorial Day Parade on May 26 at 10:00 a.m. Celebrate this time of remembrance and watch the...

  • Franklin Pond Chamber Music Competition and Awards Concert

    May 26, 2019
    4:00 PM - 6:00 PM @ Spivey Hall

    The third annual Franklin Pond Chamber Music Competition Awards Concert on Sunday, May 26, 2019, 4 p.m. showcases Georgia’s most talented young...

  • Spring Arts, Crafts & Music Festival

    May 27, 2019
    10:00 AM - 5:00 PM @ Downtown on the Square, Blairsville

    Bring your friends and family to the Spring Arts, Crafts & Music Festival at Downtown Blairsville! From May 27-28 from 10- 5:00 p.m., enjoy locally...


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Scenes of the South

SCAD Fashion Show 2019

It's the celebrated return of SCAD's spring fashion shows, touting the Savannah debut of the latest collections by top senior and graduate students. Live for the runway and off-duty looks over this four-day campaign as you get to know the next big names.

Nine Line Foundation Dinner

On Friday, May 17, Nine Line hosted their Foundation Dinner that included special guests WWE Superstars Mark Calaway Aka: The Undertaker, Dustin Rhodes aka: Goldust, John Tiegen "Tig" hero of Benghazi portrayed in the movie "13 Hours", Chad Prather, Comedian and Social Media Celebrity, and Graham Allen, Social Media Celebrity. Guests mingled with the superstars and bid on auction items to raise money for the foundation. Matt Lyda put on a stellar performance as the MC of the event and kept the crowd entertained and bidding.

6th Annual Nine Line Run for the Wounded

The Nine Line Foundation and Nine Line Apparel celebrate Armed Forces Day for their 6th Annual 5K/10K Run for the Wounded in Savannah, Georgia. Proceeds from the race go directly towards their newest initiative: building a transitional community, a Veterans Village, for homeless veterans right here in Savannah, Georgia. With both 5K and 10K options available, this twilight run turned out to be another great success.

Nine Line Foundation Dinner

On Friday, May 17, Nine Line hosted their Foundation Dinner that included special guests WWE Superstars Mark Calaway Aka: the Undertaker, Dustin Rhodes aka: Goldust, John Tiegen "Tig" hero of Benghazi portrayed in the movie "13 Hours", Chad Prather, Comedian and Social Media Celebrity, and Graham Allen, Social Media Celebrity. Guests mingled with the superstars and bid on auction items to raise money for the foundation. Matt Lyda put on a stellar performance as the MC of the event and kept the crowd entertained and bidding.

SCAD40 Block Party

SCAD celebrated their 40th anniversary with a grand block party. Fellow alumni reconnected with university faculty and staff. ShopSCAD had live artist demonstrations, live music at the Gryphon, keepsakes and SCAD40 merchandise to purchase at the Art’s Café, SCAD food trucks with tasty treats and much more.

Kessler Collection’s Armstrong-Kessler Mansion Ribbon Cutting Ceremony

Local hotelier Richard Kessler and his company The Kessler Collection officially cut the ribbon on his newly restored home in Savannah, the Armstrong-Kessler Mansion. This iconic home celebrates its 100th birthday this year, and his been meticulously restored to its former grandeur as one of the foremost examples of Italian Renaissance architecture and design in America. Congratulations to Richard Kessler and The Kessler Collection!

The Clyde

The Clyde Venue is Savannah’s newest, most modern, wedding venue located in the Historic Landmark District. The space has been completely renovated, and a work in progress for more than a year. The venue is 5,200 square feet and includes a grande room, large marble bar, catering prep area, and restrooms. It’s located at 223 Martin Luther King Boulevard.

The Fire Ball

IAFF Savannah Firefighters gathered together at Savannah Station March 15th to celebrate with friends and family. They welcomed their newest members, honored those that recently retired and acknowledged departments joining from around the world! The event was a blast. From 6pm-10pm guests danced to live music, sampled premium foods and even played with local puppies up for adoption.

Savannah's Newest Hot Spot Opens

SEED Eco Lounge, Barrelhouse South and Rogue Water welcomes a new addition to the family. Vice is located on Broughton at Saya's former location. Few pursuits tap into the pleasures of nightlife more than music. Giving yourself over to the rhythms, the lights, and the energy is a total release. Amazing DJs get the crowds moving, and other patrons ensure that there's plenty to see and socialize with. This sleek and sexy underground spot is sure to be one of the best spots for Savannah's night life.

The Royal Flush Casino Night Presented by Roto-Rooter Plumbers of Savannah

Roto-Rooter Plumbers of Savannah hosted “The Royal Flush Casino Night” on Thursday, Feb. 28, at the Savannah Station, with all of the proceeds going to benefit families at the Ronald McDonald House of the Coastal Empire. The casino-themed party will feature heavy hors-d’oeuvres, an open bar, live music, dancing and complimentary casino.