Hi friend! Have you been thinking about investing in Texas? Are you curious where to buy a rental property in the Houston suburbs? Well today I would love to be your resource in helping you make that decision if considering Houston, Texas and its surrounding cities and suburbs. I will be sharing with you what I think are the best places to invest in the single-family real estate market.
➟ How do property taxes work in Texas :: http://byjoandco.com/propertytaxesintexas
➟ How to move to Texas :: https://search.byjoandco.com/blog/how-to-move-to-texas/
Where to buy a (single family) rental property..
‘Location location location', isn't just something one should make a top priority when purchasing a home for oneself, but also insanely important when looking for a potential rental property. I think the number one thing that drives a good location, is its proximity to the rest of the community, and what schools are zoned to that home. Below I am going to list my favorite neighborhoods to consider when purchasing a home in the north Houston suburbs.
Homes 2000s and newer:
Ashford Grove, Tomball, Texas: 2.85% tax rate
Ashford Place, Tomball, Texas: 2.85% tax rate
Bella Sera, Spring, Texas: 2.69% tax rate
Bridgestone Lakes, Spring, Texas: 2.74% tax rate
Champion Forest, Spring, Texas: 2.55% tax rate
Creekside Place, Tomball, Texas: 2.97% tax rate
Crossbend Village, Houston, Texas: 2.44% tax rate
Cypress Point Lake Estates, Cypress, Texas: 2.81% tax rate
Ferndale Estates, Houston, Texas: 2.23% tax rate
Forest Village, Spring, Texas: 2.94% tax rate (Oak Ridge High School, close to The Woodlands)
Louetta Park, Spring, Texas: 2.64% tax rate (newer homes, 2015)
Memorial Creek, Spring, Texas: 2.62% tax rate (Klein Cain High School)
Memorial Springs, Spring, Texas: 2.62% tax rate (Klein Cain High School)
Northcrest Village, Spring, Texas: 2.74% tax rate (Klein Oak High School)
Northern Point & Northpointe East, Tomball, Texas: 2.85% tax rate (Klein Cain High School)
Pinecrest Forest, Tomball, Texas: 2.85% tax rate (Klein Cain High School)
Rayford Ridge, Spring, Texas: 2.24% tax rate (Oak Ridge High School, close to The Woodlands)
Spring Terrace, Spring, Texas: 2.69% tax rate
Springbrook, Spring, Texas: 2.69% tax rate (Klein Oak High School)
Sugarberry Place, Tomball, Texas: 2.17% tax rate (Klein Cain High School)
White Oak Falls, Cypress, Texas: 2.61% tax rate (Cypress Falls High School)
Wortham Landing, Cypress (Houston), Texas: 2.44% tax rate (Cy-Fair High School)
Homes built prior to 2000:
Bridgestone West, Spring, Texas: 2.69% tax rate (Klein High School)
Champion Forest, Spring, Texas: 2.46% tax rate (Klein High School)
Colony Creek Village, Spring, Texas: 2.43% tax rate (Klein Cain High School)
Glenloch, Spring, Texas: 2.62% tax rate (Klein Cain High School)
Harvest Bend, Houston, Texas: 2.65% tax rate (Cypress Ridge High School)
Hunterwood Forest, Houston, Texas: 2.60% tax rate (Cypress Creek High School)
Huntwick Forest, Houston, Texas: 2.48% tax rate (Cypress Creek High School)
Imperial Oaks, Spring, Texas: 2.58% tax rate (Oak Ridge High School)
Kleinwood, Spring, Texas: 2.56 tax rate (Klein High School)
Lakewood Crossing, Lakewood Forest, Lakewood Glen, Lakewood Park, Houston/Cypress/Tomball Area: 2.48-2.7% tax rate (Cypress Creek High School)
Memorial Chase, Spring, Texas: 2.62% tax rate (Klein Cain High School)
Memorial Northwest, Spring, Texas: 2.42% tax rate (Klein High School)
Mill Ridge North, Cypress, Texas: 2.64% tax rate (Cypress Creek High School)
Oakwood Glen, Spring, Texas: 2.62% tax rate (Klein High School)
Prestonwood Forest, Houston, Texas: 2.62 tax rate (Cypress Creek High School)
Ravensway, Cypress, Texas: 2.7% tax rate (Cy-Fair High School)
Spring Creek Forest, Spring, Texas: 2.64% tax rate (Klein High School)
Steeplechase, Houston, Texas: 2.65% tax rate (Cypress Ridge High School)
Key factors for locating a good property:
Potential rental lease price / Leased price per square foot is over $1 a square foot
Property has a recently replaced roof and/or air conditioning unit. Property has no foundation, a/c, or roof issues.
Property is zoned to an award winning high school or elementary school. I focus on A and B rated schools.
Low tax rate or low tax assessed value.
Little to no carpet. Carpet in the bedrooms is okay!
Homes with granite counter tops and existing appliances are smart buys.
Avoid flooded homes, and ones within the 100-year flood plain.
If trying to pick between two homes:
How to pick one over the other..
A rated schools before B or C rated schools
Newer home over older home
Newer roof or newer a/c over older
4 bedrooms over 3 bedrooms
Larger square footage over small square footage (usually)
Nicer backyard over plain backyard
Back patio over no back patio
Higher potential rent over lower potential rent
Lower tax rate over higher tax rate
Lower HOA fee over higher HOA fee
If you are looking for some possible rental options, I have included a list/search, at the bottom of this page. You can manipulate this list, by adjusting price point or bedroom count. Our website is “IDX” driven, and what that means is that it is connected directly to the local home search database, and is very accurate and up to date. If you would like to sign up for automatic e-alerts, please click this button to sign up.
How to work with us?
Hi there. Jordan Schilleci here (aka “Jo”), of Jo & Co. Realty Group. Beginning in late 2019, and more seriously in mid 2020, we began creating a niche by working not only with clients relocating from out of state, but investors looking to purchase in the Houston Suburbs. And most of these investors aren't your average “investor”. They are first-time, and second-time investors. Ones that still have lots of questions. And we have excitedly held their hand (a little bit), as well as paired them up with a trustworthy lender, to help make their “Investing in Texas” aka “Investing in their future” purchase.
If you too are looking to invest in Texas, we would be so excited to work with you. I keep saying “we”, and that is usually me, with some behind-the-scenes assistance from my husband, who is also a licensed REALTOR® here in Texas. We are four time home purchasers and currently have 3 investment properties in our portfolio here in the outskirts of Houston.
We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend. Hugs, Jo.
Thoughtfully written for you by Jordan and the Jo & Co. Team.
We are Waiting for You
If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!
If you are overwhelmed..
Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious what to look at next! Thank you for trusting us.
Links to check out..
➟ Our YouTube Channel :: http://byjoandco.com/youtube
➟ How do property taxes work in Texas? :: http://byjoandco.com/propertytaxesintexas
➟ Things to do in The Woodlands :: http://byjoandco.com/inthewoodlands
➟ Safest Neighborhoods in Houston :: http://byjoandco.com/safesthouston
➟ Best Neighborhoods in Houston :: http://byjoandco.com/bestneighborhoods
➟ Houston Texas Where to Live :: http://byjoandco.com/houstontexaswheretolive
➟ First Time Texas Home Buyer :: http://byjoandco.com/firsttimetexasbuyer
• Download our Moving to Texas ebook! http://byjoandco.com/movingtotexasebook.
• Download our Where to Live in Houston Texas ebook! http://byjoandco.com/wheretoliveebook.
• Schedule a phone call or appointment with us! http://byjoandco.com/appointment.
• Email us! [email protected].
• Looking for a buyer’s agent? Fill out our buyer questionnaire! http://byjoandco.com/q.
• Ready to find your dream home? Search, http://search.byjoandco.com.
• Subscribe to our YouTube Channel: http://byjoandco.com/youtube.
Visit the Jo & Co. YouTube Channel
At Jo & Co. we know that most people struggle with the home buying or selling experience. We are a brokerage, real people, that do more for you, by being with you every step of the way, so that you plant your roots in the right soil. One way that we go above and beyond is with the content we share on YouTube. Click the photo below to explore our channel.