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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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...

  • "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...

  • “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...

  • "Spider-Man: Into the Spider-Verse"

    Mar 19, 2019
    3:00 PM - 7:00 PM @ Tybee Post Theater

    With the kids out of school this week, we thought we’d help families find something fun to do! We’ve got a couple of cool family-friendly...

  • Fundamentals of Salsa On2 (Mambo Style)

    Jan 16, 2019
    7:00 PM - 8:00 PM @ Fit912savannah

    Fundamentals of Salsa On2 (Mambo Style)    Fundamentals of Salsa On2 (Mambo style) is for beginners and advanced beginners  of this type of...

  • Fundamentals of Bachata

    Jan 16, 2019
    8:00 PM - 9:00 PM @ fit912savannah

    Fundamentals of Bachata    Come learn the sensual dance of Bachata with us. We're a small Savannah group and  would love to expand it with dance...

  • Little Tybee Overnight Camping Trip

    Mar 23, 2019
    9:00 AM - 2:45 PM @ Savannah Canoe and Kayak

    With over 40 miles of waterways, Little Tybee is a somewhat deceiving name. It's 4 miles of Atlantic beaches are home to no one but an awesome...

  • Melt Down Games

    Mar 23, 2019
    11:00 AM - 5:00 PM @ Appalachian Ski Mountain

    Winter isn't over until we say it is- come enjoy Appalachian Ski Mountain’s classic end of the winter celebration! A full weekend of crazy events...

  • Smooth! Joe Gransden and Kenny Banks

    Mar 23, 2019
    8:00 PM - 10:00 PM @ Tybee Post Theater

    In his first performance at the Tybee Post Theater, we present one of Atlanta’s most celebrated and busiest performers, jazz trumpeter and...

  • Flannery O'Connor Birthday Parade and Street Fair

    Mar 24, 2019
    1:00 PM - 4:00 PM @ Lafayette Square

    This lively annual celebration of acclaimed author and Savannah native Flannery O'Connor’s birthday will offer family fun, live music and more....

  • Lean Ensemble Theater presents If You Forget Me by Nora Leahy

    Mar 24, 2019
    2:00 PM - 4:00 PM @ HHPS Main Street Theatre

    Following an accident, Kate's fiancé is left with selective amnesia and does not remember her. Their engagement broken off, Kate returns to the...

  • Musical Matinees: Funny Girl

    Mar 24, 2019
    3:00 PM - 5:00 PM @ Lucas Theatre for the Arts

     "Hello, gorgeous!" was Barbra Streisand's first comment to the Oscar statuette which she won for her performance in this biopic of entertainer...

  • A Fine Line Film Screening, Food and Wine Reception, and Panel Q&A

    Mar 25, 2019
    6:00 PM - 9:00 PM @ Bryson Hall

    Enjoy the screening of the award-winning documentary, A Fine Line, which chronicles the challenges faced by female chefs in the male-dominated...

  • Fabrizio Melano Master Class

    Mar 25, 2019
    7:30 PM - 8:30 PM @ National Opera Center, MacKay Studio

    VOICExperience’s annual Opera as Drama week in New York City is taking place from March 24-April 1 this year at Manhattan’s National Opera...

  • Historical Marker Dedication: Susie King Taylor (1848-1912)

    Mar 26, 2019
    11:00 AM - 1:00 PM @ Midway First Presbyterian Church

    A Georgia historical marker recognizing Susie King Taylor will be dedicated at 11:00 a.m. on Tuesday, March 26, 2019 at Midway First Presbyterian...

  • Sherrill Milnes Master Class

    Mar 26, 2019
    7:30 PM - 8:30 PM @ National Opera Center, MacKay Studio

    VOICExperience’s annual Opera as Drama week in New York City is taking place from March 24-April 1 this year at Manhattan’s National Opera...

  • Launch Party for 2019 Enmarket Encourage Health Educational Series

    Mar 28, 2019
    5:30 PM - 7:30 PM @ Cha Bella

    Enmarket will present the selected speakers for its sixth annual Encourage Health Educational Series during a kick-off party Thursday, March 28, at...

  • Let's Talk Mental Illness Community Discussion Series: Mental Illness & Faith

    Mar 28, 2019
    6:00 PM - 8:00 PM @ Wesley Oak United Methodist Church

    The fourth event in The ELLA Foundation’s Let’s Talk Mental Illness Community Discussion Series will explore the intersection of religion,...

  • Savannah Golf Championship

    Mar 28, 2019
    All Day @ Deer Creek Course at The Landings

    Every March, golf fans flock to Deer Creek Course at The Landings Club on beautiful Skidaway Island for the annual Web.com Savannah Golf...


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Scenes of the South

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.

The Telfair Ball

The 39th annual Telfair Ball celebrated the 200th anniversary of the remarkable architecture of Telfair Museums historic buildings and the pioneering legacy of Mary Telfair. This year the Ball was held in Forsyth Park among a myriad of carnival performers and fanciful nymphs. Hundreds of Savannah locals and many visitors came together to celebrate a love of art and South Eastern heritage. The ball supports the future of the Telfair Academy, the Owens-Thomas House and Slave Quarters, and the Jepson Center. Proceeds directly fund the museum's educational outreach, exhibitions, and release activities, bring the benefits of art to over 190,000 people each year.

Hearts for Healing Gala

The Faith Equestrian's Annual Hearts for Healing Gala at Tybee Wedding Chapel on Friday evening started out with a bang as the Free Spirit Orchestra' violin twins played their rendition of some of the greatest musical hits. The attendees were reminded what the event was all about as the founder Bonnie Rachael was recognized after story after story was shared to a room of teary eyed party-goers. Congrats to event director Bonnie Karr and her amazing team for a job well done!

Southern Coast Heart Ball

The American Heart Association's 22nd Annual Southern Heart Ball took place on February 2, 2019 and celebrated all the life-saving advances made so far while raising funds to continue to further AHA's mission. The black-tie gala brought together more than 400 guests to enjoy a night of dining, dancing, live entertainment and both live and silent auctions. Those in attendance got to hear the story of Lily Cochran, who was born with several congenital heart defects. Her father, a veteran of the U.S. Marine Corps, also had a heart disease and was honored at the event.

PUTTING Away Crime

On Saturday, January 12, 2019 Savannah helped McGruff the Crime Dog take a bite out of crime at the Crimestoppers Savannah's 3rd Annual Putt Putt Mini Golf Tournament held at Island Miniature Golf and Game on Wilmington Island. Proceeds went to helping fund rewards for the Crimestopper's anonymous crime tip line.

Dining in the Dark

On Saturday, January 12, 2019, the 3rd Annual Dining in the Dark event presented by The Charles C. Taylor and Samir Nikocevic Charitable Foundation benefitting the Savannah Center for Blind and Low Vision, was held at the Embassy Suites/Downtown Savannah.

Beaujolais Nouveau Day 2018

Savannah's 39 Rue De Jean celebrated Beaujolais Nouveau Day, the official end of this year’s growing season. Harvest is complete and vintners—especially in France—are ready to celebrate the completion of the harvest. Beaujolais Nouveau is a red wine that is annually released on the third Thursday in November. Nouveau wine undergoes a very short fermentation process, and yields an extremely fresh and fruity wine.

A Chefs Collaborative

This five course dinner held at Pacci Italian Kitchen and Bar allowed guests to taste exceptional flavors steeped in tradition. Included were the culinary skills of Chef Adam Barnett of The Katharine Brasserie & Bar, Winston-Salem, NC, Chef Robert Hoffman of Angeline’s Charlotte, NC, Chef Daniel Gorman of The Henley Nashville, TN, Chef Sebastien Rondier of Brabo, Alexandria, VA, and Chef Lauren Teague of PACCI Italian Kitchen + Bar.