Our guest today is a Silicon Valley techie and had money he was looking to invest in real estate. Figuring California would not be the right choice for investing and found the Houston market would give him a better ROI. We talk today to Adwait Samant, his experiences in investing in Houston real estate, and his advice on investing in the Houston market.

The Bay Area of California is not an excellent place for real estate investment as you have the top 1% of wage earners in a condensed geographical space. Real estate is a good target for investment for many in the Bay Area.

At first, Adwait thought he would pay off his home with the income he had leftover, then he pivoted on a friend’s advice. He talked to account managers and his wife about the direction his money would travel and decided on purchasing real estate.  

Houston was chosen because he knew where he was living wasn’t a great option. Additionally, he wanted to purchase real estate, which gave him a good return, he had traveled to Houston several times, and Houston is a technology hub. He also thought Houston would be an excellent place to live if he decided to move out of the Bay Area. Adwait found that Houston’s neighborhoods also had a good rating on the Neighborhood Investment Rating scale A through D.

Neighborhood Investment Rating scale is a scale that takes into consideration many different variables about a neighborhood, including crime, schools, and income. When investing, an investor can choose their portfolio with a mix of rated neighborhoods. Neighborhoods are rated from A through D, depending on how the different variables of a neighborhood come into play.

Listen in to find out how Adwait’s property has been performing, the rental projection of his property, and why you should have boots on the ground to check out your property.

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Links and Resources

Eyes Wide Open Real Estate Investment on YouTube

Eyes Wide Open Investing 

Adwait Samant on LinkedIn

Adwait Samat on Twitter

In This Episode: 

[01:06] How Adwait decided to get into real estate investing and how he chose Houston for his investment. 

[03:11] Investing in real estate, putting money towards your mortgage and how should you go about investing in real estate.

[05:34] Reason why Adwait decided to go with Houston as his investment market.

[06:22] Neighborhood Investment Ratings Scale explained. 

[07:40] How has Adwait’s Houston investment property paid off?

[10:10] What could Adwait have done differently and advice for new investors.