We continue our series on the real estate investment market in Houston. Charlie is a long time investor in Houston. He started investing and opened a successful management business - The Management Pros. Today, we’ll get Charlie’s views on Houston as a city and an investment opportunity.

Charlie says he came into investing in a very non-traditional fashion. While attending Rice University for his MBA, he decided to become entrepreneurial with a set of criteria for a business purchase. He came across a property management company for sale, which met some of his criteria, negotiated and bought the company in 2012.

Real estate investment came as a secondary career as a result of purchasing his property management company. Charlie has learned about the importance of data, and advises to “really do your homework on a property.” Looking at location and neighborhood is always essential, however; he also suggests to look at the facts and data behind the investment.

Dynamics change from city to city and over time. Charlie gives insight as to why data is so important as an investor and what types of data play into the dynamics for real estate. Charlie gives specs on Houston, its character, and data on this city.

Listen in to find out how to figure out what neighborhood to invest in, why negotiating is different from city to city, is Houston an evergreen city to invest in, and learn why Houston is a massive part of the economy. Learn why Houston is an economy that can ride out economic cycles, where Charlie decided to manage in Houston and why he chose the area for management and investing.

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In This Episode:

[01:00] Charlie gives us his background and how his journey led him to investing in real estate.

[02:34] He moved into real estate investment after purchasing his property management company in 2012.

[03:42] How to figure out what neighborhoods to invest in when choosing real estate.

[05:30] Negotiating the buy is different from city to city.

[08:00] Should I be worried to invest in Houston?

[10:15] The resiliency of Houston and how Houston turned around after the last recession in 2008.

[14:00] Looking into demographics, population of Houston and which areas are good for investment.

[15:20] Rent growth versus price growth in Houston real estate. 

[19:32] How to choose property managers who work well in the industry.

[20:56] What to look for in real estate investment moving forward in the Houston area.

[22:26] Positive elements which create a good outlook for real estate investment in Houston.