Best Loans for Rehab Fix and Flip in Texas

The economy of Texas is growing and as a result, employment opportunities are on the rise. One company that is creating new jobs in the state is Foxconn Assembly LLC. The Taiwanese electronics manufacturer has announced plans to build a manufacturing facility in the city of Austin. The plant is expected to create over 3,000 jobs, and construction is already underway. Another company that is hiring in Texas is Pizza Hut Corporate. The pizza chain has announced plans to add 300 new jobs at its headquarters in Plano. In addition, ATT and Dell are both expanding their operations in the state, and American Airlines has announced plans to add 5,000 new jobs at its Dallas/Fort Worth International Airport hub. As the economy continues to grow, more and more companies are looking to Texas as a place to do business. This is resulting in an increase in employment opportunities for people across the state. When looking at real estate investment opportunities in Texas, you must remember that outside of the major metropolitan areas, such as DFW or Austin, are sprawling smaller cities that house major companies or smaller remote offices. Addison, TX is one example as they are the second city outside of Dallas, a mere 8 miles down the Noth Tollway. This city thrives on office parks and smaller, yet successful businesses. New housing developments in areas surrounding Addison have been built in large numbers. The housing need is strong and robust, including rental homes, and apartment rentals. fix and flips, new homes, office parks, and more. Be sure to expand your geographic region when looking at opportunities in large Texas cities. The local companies provide a sprawling need for all real estate types.

Whether you're looking to fix and flip a house and sell it for more than the $390,500 median home sale price, get a rental property and generate the state's monthly average of $1,186 per unit, or buy one of the 36,933 available empty lots to develop something new, Texas is a great place to begin or expand your real estate investments!

Texas is a popular tourist destination for a variety of reasons. From the rodeo and cowboys of the western part of the state to the NFL teams and big cities in the east, there is a plethora of fun activities for you or your family. You do not want to forget about the amazing history that Texas has either. There are many historical sites, like the Alamo and Big Bend National Park, or the Space Center in Houston. tourism contributes billions of dollars to the Texas economy each year, making it an important part of the state's business. Whether you're looking for adventure or relaxation, you're sure to find it in Texas.

The economic and recreational opportunities of Texas help bring a mix of people to live there. Looking at age demographics, 15.2% of residents are between the ages of 25 and 34, 15.9% are between 35 and 44 and 30.1% are over 44 years old.

Contact LSM now to learn more and we'll help you find the right product to meet your needs!