chirshouston

So... I've been toying with the idea of trying my hand at flipping houses. Any suggestions on good neighborhoods to target?

So... I've been toying with the idea of trying my hand at flipping houses. Any suggestions on good neighborhoods to target?

Thanks!

Good morning! I currently own a townhouse in Near Northside. My partner and I have decided we want to buy another home together and lease my townhouse out as a rental property. We have been diligently house shopping since January, and have found a few houses we love here and there - but there is always one major thing that we can't compromise on, lack of garage space, single bathroom, etc... We want to buy in the Heights(ish) or Timbergrove sub $450k pricepoint. Big factors for us is garage space, kitchen and storage, as well as entertaining space. We are ok with a house that is 1500 sqft as long as it is useable space. So, with that back story, we are not in any hurry - we want to find "the right house" it doesn't have to be "right now" - we all know we are in a sellers market, is it a bad idea to be looking for a house now? Should we wait and see if the market settles down a bit and things become more affordable? We have two fears: 1) That the market stays hot for another couple of years and we become priced out of the neighborhoods we want to live in. 2) The market only stays hot in the short term, and we end up buying a house that is overvalued, and value isn't sustained based on the current "sellers" market pricing. So the big ($450,000 question is) do we buy now, or later? I'd love to hear your thoughts on the subject. Thanks in advance!

Fantastic! Thank you SO much for the imput. I am spending Saturday morning with my realtor in RT. Also eager to check out Country Club Place and Timber Crest. I love Idylwood, but its a bit too pricy for me. I am excited about my future purchase and glad to hear I would be welcome. As said earlier, there are always people who will be uncomfortable in one way or another... Unfortunately, being Gay, I have already dealt with that extensively. I very much appreciate the feedback and comments - and welcome more!

I have been a native Houstonian all of my life. I LOVE this city. Having traveled all over the Americas, I have been to no other city I enjoy more. That being said, I have decided to take the 'plunge' and BUY my own piece of Houston. Recently on my search for the right home, I discovered an area called Riverside Terrace. I am wondering from a financial investment standpoint, what the future of this neighborhood is? Is buying in this area good or bad? Is it a bad idea to move in this neighborhood? I should preface that with the fact that I am a young, white, Gay male and would be living in this House alone, possibly with a roommate, or eventually a partner. From what I have seen so far in talking to neighborhood home owners, they love this area and seem to think I would have no problems in the area being white - however, I did not explain my sexual orientation. Any feedback or thoughts are appreciated. I am a first time home buyer, in love with this area - seeking the help of other Houstonians - looking to make an informed buying decision. I am fascinated with this area because it is only 8 minutes from down town - and seems decently maintained. Like it's protected by a bubble. The landscapes are not professionally maintained, as in River Oaks - but lovingly maintained to home owners trying to hold on to what seems to be their pride and joy. The home in particular that I am looking at is not in the flood plain, and the demographics for 77021 are 82% black, 8% white, and misc. the rest of the way... your thoughts, comments and suggestions are very much appreciated! Thanks, Chris