I am considering investing in residential and commercial units in Humble, Cypress, Spring area. Any idea on?

Sunil Malkani
Home Buyer
California

rates per sq ft and also rent rates?

Answers (2)
First to answer: J Lo
Tony H
Both Buyer and Seller
77379

Hi Sunil:

Take a look at our website to see actual numbers (not theoretical) on rentals.

I have seen foreclosures for sale (that may need some work done though) as low as $36 per sq. foot !!!

I have not had that much experience in commercial, all I can tell you is that driving around the streets there are a lot of vacancies in may of the newer built strip malls.

Good luck on your investment goals.

Sat Nov 8 2008, 05:58
J Lo
Broker
77382
FIRST ANSWER

Commercial rates will vary pending on where you purchase (high traffic/low traffic, etc) and what type of building, etc. Residential rental rates as well as price per square foot ranges depending on subdivision, age of home, etc. The best way to purchase a rental home is to try to purchase homes in better school districts and desireable subdivisions and purchasing either a foreclosure or a home at a great price so your rate of return on the home is good. Other considerations are the condition of the home when you purchase it. Will you consider a little work on a home to get it ready for renting or no work in the beginning, just purchase and rent? We have worked for investors for over 15 years, and would be happy to help you in your current venture.

Wed Aug 13 2008, 15:25

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