Scott's Blog

CNN lists Lubbock as #2 place to invest in rental property

10/4/2013

 

Lubbock Real Estate

Top 10 markets to buy a rental property

In these metro areas, small real estate investors can expect to find great home deals and double-digit returns on their investment, according to RealtyTrac.

Lubbock, Texas

mom pop real estate lubbock texas
In Lubbock, $115,000 can get you more than 2,100 square feet of living space and amenities like a large patio.
 
  • Median home price: $111,000
  • Median rent: $1,089
  • Return on investment*: 11.8%

With plenty of wide open spaces to build on, home prices remain low in and around Lubbock. Here, homes sell for almost half the national median price.

Investors who nab these deals typically rent the homes out to workers at nearby oil and gas fields or college students at Texas Tech University, which enrolls some 32,000 students, said local real estate agent, Lori Manning.

This three-bedroom house is a good example of what buy-and-rent investors in the area will find. For $115,000, a buyer gets plenty of space -- more than 2,100 square feet -- and many nice amenities like a gas fireplace and a large patio.

Are home prices rising too fast?

4/18/2013

Are Home Prices Rising Too Fast?

Make a larger space more inviting

4/16/2013
Sometimes larger spaces need that extra touch to help make it "warm and inviting"...read tips here

New listing in Orchard Park!

4/9/2013
A gorgeous home in Orchard Park!Check out the home tour here

RE/MAX Lubbock Addition

2/20/2013
What a great day it was for RE/MAX Lubbock yesterday!  We had our ribbon cutting for the addition of our Commercial Department.  I couldn't be more excited for what all 2013 is going to bring.  We were so thankful for everyone who joined us to help celebrate this addition to our company.



 

New Video Tour of Verrado Estates Home

2/11/2013
This is a gorgeous home with a "welcoming" feel!  All aspects of this house are meant for living comfortably...check it out!

http://playvideo.co/70e98550-0378-4404-a69f-05829ad06c00
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Contact Me

Scott Toman
Direct: 806-787-6571
Mobile Phone: 806-787-6571
RE/MAX Lubbock-Commercial Division
4703 S Loop 289
Lubbock, TX 79424
Office: 806-799-4200

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