Ultimate Andrews County Real Estate Investing Guide for 2024

Overview

Andrews County Real Estate Investing Market Overview

Over the last 10 years, the population growth rate in Andrews County has an annual average of . In contrast, the yearly rate for the whole state averaged and the U.S. average was .

Andrews County has seen a total population growth rate throughout that cycle of , when the state’s overall growth rate was , and the national growth rate over 10 years was .

Currently, the median home value in Andrews County is . The median home value for the whole state is , and the national median value is .

Housing values in Andrews County have changed during the past ten years at a yearly rate of . The yearly growth tempo in the state averaged . In the whole country, the yearly appreciation tempo for homes was at .

For renters in Andrews County, median gross rents are , in comparison to throughout the state, and for the country as a whole.

Andrews County Real Estate Investing Highlights

Andrews County Top Highlights

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#top_highlights_3
Based on latest data from the US Census Bureau
Based on latest data from the US Census Bureau

Strategies

Strategy Selection

As you are researching a certain location for potential real estate investment enterprises, keep in mind the type of investment strategy that you follow.

The following article provides detailed guidelines on which statistics you need to study depending on your strategy. This should permit you to choose and assess the community intelligence found in this guide that your plan requires.

There are location basics that are critical to all kinds of real property investors. They include crime rates, commutes, and regional airports among other features. When you dive into the details of the location, you should concentrate on the particulars that are critical to your distinct real property investment.

If you favor short-term vacation rental properties, you’ll target communities with robust tourism. Short-term property fix-and-flippers zero in on the average Days on Market (DOM) for residential unit sales. They have to know if they can control their spendings by liquidating their restored homes without delay.

The unemployment rate should be one of the first things that a long-term landlord will have to hunt for. They want to spot a varied employment base for their likely tenants.

Investors who cannot choose the most appropriate investment plan, can contemplate using the background of Andrews County top property investment mentors. It will also help to align with one of real estate investment clubs in Andrews County TX and attend real estate investor networking events in Andrews County TX to learn from numerous local pros.

Let’s look at the diverse kinds of real property investors and stats they should check for in their market research.

Active Real Estate Investment Strategies

Buy and Hold

The buy and hold approach involves buying a building or land and keeping it for a long period. Throughout that period the investment property is used to produce rental income which multiplies your revenue.

At any period down the road, the asset can be liquidated if cash is needed for other acquisitions, or if the real estate market is really strong.

One of the top investor-friendly realtors in Andrews County TX will show you a thorough overview of the region’s residential picture. Below are the factors that you need to consider most thoroughly for your long term investment plan.

 

Factors to Consider

Property Appreciation Rate

This indicator is crucial to your asset market choice. You will need to see stable increases annually, not unpredictable highs and lows. Historical information displaying recurring growing investment property values will give you certainty in your investment return pro forma budget. Markets that don’t have rising housing market values will not satisfy a long-term real estate investment profile.

Population Growth

A decreasing population means that with time the number of people who can rent your investment property is going down. Sluggish population increase causes decreasing property market value and rent levels. People move to identify superior job possibilities, superior schools, and secure neighborhoods. You want to find expansion in a community to contemplate doing business there. The population expansion that you’re seeking is stable year after year. Growing sites are where you can find growing real property values and substantial lease rates.

Property Taxes

Real property taxes can eat into your returns. Sites that have high real property tax rates must be excluded. Regularly growing tax rates will typically continue going up. A city that continually raises taxes may not be the effectively managed city that you’re looking for.

Some pieces of property have their value erroneously overvalued by the area municipality. In this case, one of the best property tax consulting firms in Andrews County TX can demand that the local government analyze and possibly reduce the tax rate. However, in unusual situations that compel you to go to court, you will want the aid provided by top property tax attorneys in Andrews County TX.

Price to rent ratio

Price to rent ratio (p/r) is discovered when you take the median property price and divide it by the annual median gross rent. A community with high rental prices will have a lower p/r. You want a low p/r and larger rental rates that will pay off your property more quickly. Nonetheless, if p/r ratios are excessively low, rents may be higher than mortgage loan payments for comparable residential units. This might drive tenants into purchasing their own residence and expand rental unoccupied ratios. But usually, a lower p/r is preferred over a higher one.

Median Gross Rent

Median gross rent is a reliable gauge of the stability of a location’s lease market. You want to find a steady expansion in the median gross rent over a period of time.

Median Population Age

Median population age is a picture of the size of a market’s labor pool which resembles the size of its lease market. You need to see a median age that is approximately the center of the age of the workforce. A high median age demonstrates a population that might become an expense to public services and that is not participating in the real estate market. Higher tax levies might become necessary for cities with an older population.

Employment Industry Diversity

If you choose to be a Buy and Hold investor, you search for a varied job market. Variety in the numbers and varieties of business categories is preferred. This stops the interruptions of one business category or corporation from hurting the complete housing business. You don’t want all your renters to become unemployed and your rental property to lose value because the single major employer in the community closed.

Unemployment Rate

A high unemployment rate indicates that not many residents can manage to lease or purchase your property. Existing renters can have a difficult time paying rent and new ones may not be available. Steep unemployment has an expanding harm throughout a community causing shrinking business for other companies and lower earnings for many jobholders. A community with severe unemployment rates gets unstable tax receipts, not enough people moving there, and a difficult financial future.

Income Levels

Citizens’ income levels are investigated by any ‘business to consumer’ (B2C) business to find their clients. You can use median household and per capita income statistics to analyze particular portions of a market as well. Growth in income signals that tenants can pay rent on time and not be scared off by progressive rent bumps.

Number of New Jobs Created

Information illustrating how many jobs materialize on a regular basis in the area is a valuable means to decide whether an area is right for your long-range investment project. Job openings are a generator of additional tenants. The addition of more jobs to the workplace will help you to keep acceptable tenancy rates when adding properties to your investment portfolio. New jobs make an area more enticing for relocating and acquiring a property there. This sustains an active real estate marketplace that will enhance your properties’ worth by the time you want to exit.

School Ratings

School rating is an important component. With no reputable schools, it is difficult for the community to appeal to new employers. The quality of schools is a big motive for households to either stay in the area or relocate. This may either increase or reduce the pool of your possible tenants and can change both the short- and long-term worth of investment property.

Natural Disasters

Considering that a successful investment plan is dependent on eventually selling the real property at an increased value, the look and physical soundness of the property are critical. That’s why you will need to bypass markets that routinely experience environmental events. Nonetheless, your property & casualty insurance ought to insure the real property for damages created by circumstances such as an earth tremor.

To cover real property loss generated by renters, look for assistance in the list of the best Andrews County rental property insurance companies.

Long Term Rental (BRRRR)

A long-term rental system that includes Buying a home, Rehabbing, Renting, Refinancing it, and Repeating the process by using the capital from the mortgage refinance is called BRRRR. When you want to increase your investments, the BRRRR is a good plan to employ. It is essential that you be able to obtain a “cash-out” refinance loan for the system to work.

When you have concluded renovating the property, the value must be more than your complete acquisition and fix-up spendings. The house is refinanced based on the ARV and the difference, or equity, is given to you in cash. This money is put into the next property, and so on. You add improving assets to the portfolio and lease revenue to your cash flow.

When an investor has a substantial collection of real properties, it seems smart to employ a property manager and create a passive income source. Find good Andrews County property management companies by using our list.

 

Factors to Consider

Population Growth

The increase or fall of a region’s population is a valuable benchmark of the area’s long-term attractiveness for rental property investors. If the population increase in a city is robust, then new tenants are definitely moving into the market. The market is appealing to businesses and workers to situate, work, and have families. A rising population builds a reliable base of renters who will survive rent increases, and an active seller’s market if you decide to sell any properties.

Property Taxes

Real estate taxes, upkeep, and insurance spendings are investigated by long-term lease investors for forecasting costs to predict if and how the investment strategy will pay off. Unreasonable real estate taxes will negatively impact a real estate investor’s returns. Markets with unreasonable property taxes are not a dependable situation for short- and long-term investment and must be bypassed.

Price to Rent Ratio

The price to rent ratio (p/r) is a clue to what amount of rent can be demanded in comparison to the acquisition price of the asset. If median real estate prices are high and median rents are low — a high p/r, it will take more time for an investment to pay for itself and reach profitability. The less rent you can charge the higher the p/r, with a low p/r indicating a more robust rent market.

Median Gross Rents

Median gross rents are a significant illustration of the vitality of a lease market. You are trying to discover a location with repeating median rent expansion. You will not be able to reach your investment targets in a region where median gross rental rates are going down.

Median Population Age

Median population age in a dependable long-term investment environment should show the normal worker’s age. This can also show that people are migrating into the city. If you find a high median age, your stream of tenants is reducing. That is a weak long-term financial prospect.

Employment Base Diversity

A larger number of employers in the city will expand your chances of strong profits. When your tenants are concentrated in only several major enterprises, even a minor issue in their business might cost you a great deal of renters and raise your exposure considerably.

Unemployment Rate

High unemployment means a lower number of renters and an unsteady housing market. Non-working individuals can’t buy goods or services. Individuals who continue to keep their workplaces may discover their hours and salaries reduced. Remaining tenants might delay their rent in this scenario.

Income Rates

Median household and per capita income will let you know if the tenants that you are looking for are residing in the city. Increasing wages also show you that rents can be increased throughout your ownership of the property.

Number of New Jobs Created

The strong economy that you are on the lookout for will be generating plenty of jobs on a regular basis. The workers who are hired for the new jobs will need a residence. Your strategy of renting and acquiring additional real estate requires an economy that can generate enough jobs.

School Ratings

The reputation of school districts has a powerful effect on real estate market worth throughout the community. Employers that are thinking about relocating need superior schools for their workers. Dependable tenants are a consequence of a steady job market. New arrivals who purchase a residence keep property prices strong. You can’t run into a dynamically soaring residential real estate market without quality schools.

Property Appreciation Rates

Real estate appreciation rates are an important element of your long-term investment approach. Investing in assets that you plan to maintain without being confident that they will grow in value is a recipe for failure. You do not need to spend any time reviewing communities showing below-standard property appreciation rates.

Short Term Rentals

A short-term rental is a furnished apartment or house where a renter lives for shorter than four weeks. Long-term rentals, such as apartments, require lower payment a night than short-term ones. Short-term rental houses might demand more continual upkeep and sanitation.

Home sellers waiting to relocate into a new house, backpackers, and people traveling for work who are staying in the city for a few days prefer renting apartments short term. House sharing sites such as AirBnB and VRBO have encouraged countless real estate owners to venture in the short-term rental business. A simple way to enter real estate investing is to rent real estate you already own for short terms.

Short-term rental properties demand dealing with renters more repeatedly than long-term rentals. This leads to the owner being required to constantly manage complaints. Give some thought to handling your liability with the support of one of the top real estate lawyers in Andrews County TX.

 

Factors to Consider

Short-Term Rental Income

You must calculate how much revenue needs to be produced to make your effort lucrative. A glance at a city’s up-to-date typical short-term rental rates will tell you if that is a strong city for your investment.

Median Property Prices

You also have to decide the budget you can bear to invest. Search for areas where the purchase price you prefer corresponds with the present median property prices. You can also use median prices in specific sub-markets within the market to pick cities for investment.

Price Per Square Foot

Price per sq ft gives a general idea of values when analyzing similar properties. A home with open foyers and high ceilings cannot be contrasted with a traditional-style property with greater floor space. You can use this criterion to see a good broad view of home values.

Short-Term Rental Occupancy Rate

The need for more rentals in a community can be seen by studying the short-term rental occupancy rate. If almost all of the rentals have tenants, that city demands new rental space. If the rental occupancy indicators are low, there is not enough demand in the market and you must explore somewhere else.

Short-Term Rental Cash-on-Cash Return

A short-term rental’s cash-on-cash return will show you if the investment is a good use of your cash. You can compute the cash-on-cash return by determining your Net Operating Income (NOI) and dividing it by your cash being invested. The percentage you get is your cash-on-cash return. When a venture is lucrative enough to reclaim the investment budget soon, you will get a high percentage. Sponsored investment purchases can yield better cash-on-cash returns as you will be spending less of your own cash.

Average Short-Term Rental Capitalization (Cap) Rates

One metric illustrates the value of real estate as a cash flow asset — average short-term rental capitalization (cap) rate. High cap rates mean that properties are accessible in that region for reasonable prices. Low cap rates show higher-priced properties. Divide your expected Net Operating Income (NOI) by the property’s value or listing price. The percentage you receive is the investment property’s cap rate.

Local Attractions

Big public events and entertainment attractions will draw visitors who will look for short-term rental homes. If a region has sites that annually produce interesting events, such as sports coliseums, universities or colleges, entertainment halls, and adventure parks, it can attract visitors from other areas on a constant basis. Must-see vacation spots are located in mountainous and beach points, along lakes, and national or state nature reserves.

Fix and Flip

The fix and flip investment plan requires buying a house that demands fixing up or rebuilding, putting additional value by enhancing the property, and then liquidating it for a higher market worth. The keys to a lucrative fix and flip are to pay a lower price for the house than its full worth and to correctly analyze the amount you need to spend to make it marketable.

Explore the housing market so that you understand the actual After Repair Value (ARV). The average number of Days On Market (DOM) for houses sold in the city is critical. To profitably “flip” real estate, you must sell the rehabbed house before you are required to put out money to maintain it.

So that homeowners who need to unload their house can easily locate you, promote your status by using our directory of the best all cash home buyers in Andrews County TX along with top real estate investment firms in Andrews County TX.

Additionally, hunt for top real estate bird dogs in Andrews County TX. These specialists specialize in quickly discovering lucrative investment prospects before they are listed on the open market.

 

Factors to Consider

Median Home Price

When you look for a suitable area for property flipping, investigate the median house price in the city. When purchase prices are high, there may not be a consistent source of fixer-upper properties available. This is a vital element of a successful fix and flip.

When your review shows a fast drop in real estate values, it could be a sign that you’ll uncover real property that meets the short sale criteria. You will find out about possible investments when you team up with Andrews County short sale specialists. You will learn valuable information regarding short sales in our guide ⁠— What Is the Process of Buying a Short Sale Home?.

Property Appreciation Rate

The movements in property market worth in a region are crucial. Fixed surge in median prices indicates a vibrant investment environment. Volatile market value fluctuations aren’t desirable, even if it’s a substantial and unexpected increase. Acquiring at an inconvenient time in an unreliable market can be disastrous.

Average Renovation Costs

You’ll want to look into building costs in any future investment region. Other spendings, such as authorizations, could inflate your budget, and time which may also turn into additional disbursement. You want to be aware whether you will need to employ other specialists, such as architects or engineers, so you can get ready for those spendings.

Population Growth

Population information will show you if there is solid need for real estate that you can produce. Flat or declining population growth is a sign of a weak environment with not an adequate supply of buyers to validate your effort.

Median Population Age

The median citizens’ age is an indicator that you may not have considered. The median age in the market needs to equal the one of the average worker. A high number of such residents reflects a stable supply of home purchasers. The requirements of retirees will most likely not fit into your investment project plans.

Unemployment Rate

While checking an area for investment, keep your eyes open for low unemployment rates. It must definitely be lower than the national average. When it is also less than the state average, it’s even more desirable. To be able to buy your renovated homes, your clients have to have a job, and their clients too.

Income Rates

Median household and per capita income are a great indication of the stability of the real estate market in the area. Most families need to obtain financing to purchase a house. Their salary will dictate how much they can afford and whether they can purchase a property. You can figure out from the city’s median income if enough individuals in the community can afford to buy your houses. You also need to have salaries that are growing consistently. To keep up with inflation and rising construction and material costs, you need to be able to periodically adjust your rates.

Number of New Jobs Created

The number of jobs created on a steady basis tells if wage and population increase are feasible. More citizens buy homes when the city’s economy is generating jobs. Qualified trained employees taking into consideration buying a house and settling prefer moving to areas where they won’t be out of work.

Hard Money Loan Rates

Those who purchase, fix, and flip investment properties are known to engage hard money instead of conventional real estate funding. Hard money funds enable these purchasers to move forward on pressing investment ventures right away. Review the best Andrews County hard money lenders and analyze lenders’ fees.

An investor who wants to understand more about hard money financing products can find what they are as well as the way to utilize them by reviewing our guide titled What Is a Hard Money Loan for Real Estate?.

Wholesaling

In real estate wholesaling, you find a residential property that real estate investors may think is a profitable opportunity and enter into a purchase contract to buy it. When a real estate investor who wants the property is spotted, the sale and purchase agreement is assigned to the buyer for a fee. The contracted property is bought by the investor, not the real estate wholesaler. You are selling the rights to the contract, not the house itself.

This method requires using a title firm that is knowledgeable about the wholesale purchase and sale agreement assignment operation and is qualified and inclined to coordinate double close purchases. Search for title companies that work with wholesalers in Andrews County TX in HouseCashin’s list.

Learn more about this strategy from our comprehensive guide — Real Estate Wholesaling Explained for Beginners. When you opt for wholesaling, include your investment company on our list of the best wholesale real estate companies in Andrews County TX. This will let your future investor customers locate and contact you.

 

Factors to Consider

Median Home Prices

Median home prices in the community under consideration will quickly inform you if your real estate investors’ target properties are situated there. Low median purchase prices are a good sign that there are plenty of properties that might be purchased below market value, which investors prefer to have.

A quick drop in the market value of property could generate the accelerated appearance of houses with negative equity that are desired by wholesalers. This investment strategy regularly brings numerous uncommon advantages. But it also produces a legal liability. Learn about this from our detailed article How Can You Wholesale a Short Sale Property?. When you want to give it a try, make certain you employ one of short sale legal advice experts in Andrews County TX and property foreclosure attorneys in Andrews County TX to confer with.

Property Appreciation Rate

Property appreciation rate enhances the median price data. Some investors, like buy and hold and long-term rental investors, particularly need to find that home values in the market are increasing over time. Dropping purchase prices illustrate an unequivocally weak rental and home-selling market and will scare away real estate investors.

Population Growth

Population growth stats are an important indicator that your potential investors will be aware of. If they know the community is expanding, they will presume that new housing is a necessity. There are a lot of people who rent and plenty of clients who purchase homes. When a city is shrinking in population, it does not require additional housing and investors will not look there.

Median Population Age

A dynamic housing market needs residents who are initially leasing, then moving into homebuyers, and then buying up in the residential market. A region that has a huge employment market has a steady pool of tenants and buyers. If the median population age mirrors the age of wage-earning residents, it shows a reliable property market.

Income Rates

The median household and per capita income in a robust real estate investment market should be increasing. Income improvement shows a market that can keep up with lease rate and real estate purchase price surge. Investors want this if they are to achieve their projected profitability.

Unemployment Rate

Investors whom you contact to take on your contracts will consider unemployment rates to be an important bit of insight. Tenants in high unemployment locations have a difficult time paying rent on schedule and some of them will stop making payments completely. Long-term real estate investors who count on uninterrupted rental income will lose revenue in these markets. Investors can’t depend on tenants moving up into their properties when unemployment rates are high. Short-term investors will not take a chance on getting pinned down with a home they cannot resell immediately.

Number of New Jobs Created

The frequency of fresh jobs being created in the market completes an investor’s estimation of a potential investment spot. Workers relocate into a city that has fresh jobs and they require housing. Employment generation is advantageous for both short-term and long-term real estate investors whom you rely on to acquire your wholesale real estate.

Average Renovation Costs

An essential variable for your client real estate investors, specifically house flippers, are rehabilitation expenses in the community. Short-term investors, like home flippers, will not make money if the acquisition cost and the improvement costs amount to a larger sum than the After Repair Value (ARV) of the property. Lower average improvement costs make a market more desirable for your top clients — flippers and long-term investors.

Mortgage Note Investing

Note investing involves purchasing a loan (mortgage note) from a mortgage holder at a discount. When this occurs, the note investor becomes the debtor’s mortgage lender.

When a mortgage loan is being paid as agreed, it is considered a performing note. Performing notes give repeating cash flow for investors. Non-performing notes can be rewritten or you can acquire the property for less than face value by initiating a foreclosure procedure.

Someday, you might have multiple mortgage notes and require additional time to manage them without help. When this develops, you could pick from the best mortgage loan servicing companies in Andrews County TX which will designate you as a passive investor.

Should you want to try this investment strategy, you ought to place your business in our list of the best real estate note buying companies in Andrews County TX. Once you do this, you will be discovered by the lenders who promote desirable investment notes for acquisition by investors like yourself.

 

Factors to consider

Foreclosure Rates

Performing note investors are on lookout for regions showing low foreclosure rates. High rates might signal opportunities for non-performing note investors, however they should be cautious. The locale needs to be robust enough so that mortgage note investors can foreclose and liquidate properties if required.

Foreclosure Laws

Successful mortgage note investors are thoroughly well-versed in their state’s regulations for foreclosure. Are you faced with a Deed of Trust or a mortgage? A mortgage dictates that the lender goes to court for authority to start foreclosure. A Deed of Trust enables the lender to file a public notice and proceed to foreclosure.

Mortgage Interest Rates

Note investors acquire the interest rate of the mortgage loan notes that they obtain. This is a major element in the investment returns that lenders achieve. Interest rates impact the strategy of both kinds of mortgage note investors.

The mortgage loan rates quoted by conventional mortgage firms aren’t the same in every market. Private loan rates can be a little more than conventional mortgage rates due to the higher risk accepted by private mortgage lenders.

Experienced mortgage note buyers regularly search the rates in their area offered by private and traditional mortgage firms.

Demographics

When note buyers are deciding on where to purchase notes, they will review the demographic indicators from possible markets. The location’s population increase, unemployment rate, employment market growth, wage standards, and even its median age hold usable information for mortgage note investors.
A young growing area with a diverse job market can generate a reliable revenue flow for long-term note buyers searching for performing mortgage notes.

Non-performing note purchasers are looking at related factors for other reasons. When foreclosure is necessary, the foreclosed house is more conveniently sold in a growing market.

Property Values

The more equity that a borrower has in their home, the better it is for their mortgage note owner. If the property value is not much more than the mortgage loan amount, and the mortgage lender wants to start foreclosure, the home might not realize enough to repay the lender. Rising property values help raise the equity in the house as the borrower reduces the amount owed.

Property Taxes

Escrows for house taxes are most often given to the lender along with the loan payment. This way, the mortgage lender makes certain that the real estate taxes are submitted when payable. If the homeowner stops performing, unless the loan owner pays the property taxes, they won’t be paid on time. Tax liens go ahead of all other liens.

If a region has a record of rising property tax rates, the total home payments in that region are regularly expanding. Borrowers who have a hard time affording their loan payments could fall farther behind and eventually default.

Real Estate Market Strength

A vibrant real estate market with consistent value appreciation is beneficial for all categories of note buyers. It’s crucial to know that if you have to foreclose on a property, you will not have trouble getting an appropriate price for it.

Mortgage note investors also have an opportunity to create mortgage loans directly to homebuyers in consistent real estate areas. This is a strong source of revenue for experienced investors.

Passive Real Estate Investment Strategies

Syndications

A syndication means an organization of individuals who pool their capital and talents to invest in real estate. One person arranges the investment and recruits the others to participate.

The person who gathers the components together is the Sponsor, also known as the Syndicator. It’s their job to supervise the purchase or development of investment real estate and their use. This partner also manages the business issues of the Syndication, including partners’ distributions.

The partners in a syndication invest passively. The company agrees to pay them a preferred return when the investments are making a profit. The passive investors aren’t given any right (and therefore have no obligation) for making business or real estate supervision decisions.

 

Factors to consider

Real Estate Market

The investment strategy that you use will dictate the area you select to join a Syndication. The previous chapters of this article talking about active investing strategies will help you pick market selection criteria for your possible syndication investment.

Sponsor/Syndicator

Since passive Syndication investors rely on the Sponsor to handle everything, they should research the Sponsor’s transparency carefully. They need to be an experienced investor.

Sometimes the Sponsor doesn’t put funds in the syndication. But you want them to have money in the project. Certain deals determine that the effort that the Syndicator performed to structure the syndication as “sweat” equity. Some investments have the Syndicator being given an initial fee in addition to ownership participation in the investment.

Ownership Interest

The Syndication is fully owned by all the partners. You ought to hunt for syndications where the participants investing money are given a higher percentage of ownership than members who are not investing.

If you are injecting capital into the venture, expect preferential treatment when net revenues are disbursed — this improves your results. When profits are realized, actual investors are the initial partners who collect a negotiated percentage of their cash invested. Profits over and above that amount are divided between all the partners based on the amount of their ownership.

When assets are liquidated, net revenues, if any, are paid to the owners. In a strong real estate market, this may provide a big enhancement to your investment returns. The operating agreement is carefully worded by an attorney to explain everyone’s rights and responsibilities.

REITs

A trust buying income-generating real estate and that sells shares to investors is a REIT — Real Estate Investment Trust. This was initially done as a way to allow the everyday investor to invest in real estate. The typical person can afford to invest in a REIT.

Shareholders’ participation in a REIT is passive investment. The exposure that the investors are accepting is diversified among a group of investment assets. Shares can be sold whenever it is desirable for the investor. But REIT investors do not have the option to select specific properties or locations. Their investment is limited to the properties owned by the REIT.

Real Estate Investment Funds

Mutual funds owning shares of real estate companies are termed real estate investment funds. Any actual property is possessed by the real estate companies rather than the fund. These funds make it feasible for more people to invest in real estate. Funds are not required to pay dividends like a REIT. The return to you is produced by appreciation in the value of the stock.

You can select a fund that concentrates on a targeted type of real estate you’re expert in, but you don’t get to determine the geographical area of every real estate investment. Your choice as an investor is to choose a fund that you trust to handle your real estate investments.

Housing

Andrews County Housing 2024

Andrews County shows a median home market worth of , the state has a median home value of , while the median value throughout the nation is .

In Andrews County, the yearly growth of home values over the recent ten years has averaged . The total state’s average in the course of the previous decade has been . Nationally, the per-annum value growth percentage has averaged .

As for the rental business, Andrews County has a median gross rent of . Median gross rent in the state is , with a nationwide gross median of .

The rate of home ownership is at in Andrews County. of the entire state’s populace are homeowners, as are of the population throughout the nation.

of rental properties in Andrews County are leased. The entire state’s renter occupancy percentage is . The equivalent percentage in the country across the board is .

The percentage of occupied houses and apartments in Andrews County is , and the percentage of empty homes and apartment buildings is .

Housing Quick Stats
Home Appreciation Rate(2010-2020)
Median Home Value
Median Gross Rent
Price To Rent Ratio
Home Ownership Rate
Tenant Occupied Rate
Average Property Tax Rate

Andrews County Home Ownership

Andrews County Rent & Ownership

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#rent_&_ownership_11
Based on latest data from the US Census Bureau

Andrews County Rent Vs Owner Occupied By Household Type

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#rent_vs_owner_occupied_by_household_type_11
Based on latest data from the US Census Bureau

Andrews County Occupied & Vacant Number Of Homes And Apartments

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#occupied_&_vacant_number_of_homes_and_apartments_11
Based on latest data from the US Census Bureau

Andrews County Household Type

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#household_type_11
Based on latest data from the US Census Bureau

Andrews County Property Types

Andrews County Age Of Homes

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#age_of_homes_12
Based on latest data from the US Census Bureau

Andrews County Types Of Homes

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#types_of_homes_12
Based on latest data from the US Census Bureau

Andrews County Homes Size

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#homes_size_12
Based on latest data from the US Census Bureau

Marketplace

Andrews County Investment Property Marketplace

If you are looking to invest in Andrews County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Andrews County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.

Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Andrews County investment properties for sale.

Andrews County Investment Properties for Sale

Homes For Sale

Search Properties By

Sell Your Andrews County Property

List your investment property for free in 3 quick steps and start getting
offers from reputable real estate investors.
Request Cash Offer
Receive multiple offers in one place and save time
Sell your home in any condition fast and for cash
Get access to 20k+ vetted and verified investors
Save money on realtor commissions & closing costs

Financing

Andrews County Real Estate Investing Financing

If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Andrews County TX, easily get quotes from multiple lenders at once and compare rates.

Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Andrews County private and hard money lenders.

Andrews County Investment Property Loan Types

Check out some of the most popular real estate loans provided by top local lenders in Andrews County, TX
  • Rehab Loans
  • Fix and Flip Loans
  • Bridge Loans
  • Asset Based Loans
  • Cash Out/Refinance Loans
  • Transactional Funding
  • Transactional Hard Money Loans
  • Private Money Loans
  • New Construction Loans

Compare Investment Property Loan Rates in Andrews County

Receive multiple offers from best private and hard money lenders and get access to unlimited capital to fund any type of real estate investment property!
COMPARE LOAN RATES
Purchase
Rehab
Construction
Refinance
Bridge
Development

Population

Andrews County Population Over Time

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#population_over_time_24
Based on latest data from the US Census Bureau

Andrews County Population By Year

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#population_by_year_24
Based on latest data from the US Census Bureau

Andrews County Population By Age And Sex

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#population_by_age_and_sex_24
Based on latest data from the US Census Bureau

Economy

Andrews County Economy 2024

Andrews County has recorded a median household income of . The state’s community has a median household income of , whereas the country’s median is .

This corresponds to a per person income of in Andrews County, and in the state. The population of the country as a whole has a per capita amount of income of .

Salaries in Andrews County average , in contrast to for the state, and nationally.

Andrews County has an unemployment average of , while the state shows the rate of unemployment at and the nationwide rate at .

Overall, the poverty rate in Andrews County is . The general poverty rate across the state is , and the national rate stands at .

Economy Quick Stats
Unemployment Rate
Median Household Income
Per Capita Income
Overall Poverty Rate
Average Salary
Property Price To Income Ratio
Salary Change Rate (2010-2020)

Andrews County Residents’ Income

Andrews County Median Household Income

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#median_household_income_27
Based on latest data from the US Census Bureau

Andrews County Per Capita Income

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#per_capita_income_27
Based on latest data from the US Census Bureau

Andrews County Income Distribution

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#income_distribution_27
Based on latest data from the US Census Bureau

Andrews County Poverty Over Time

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#poverty_over_time_27
Based on latest data from the US Census Bureau

Andrews County Property Price To Income Ratio Over Time

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#property_price_to_income_ratio_over_time_27
Based on latest data from the US Census Bureau

Andrews County Job Market

Andrews County Employment Industries (Top 10)

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#employment_industries_(top_10)_28
Based on latest data from the US Census Bureau

Andrews County Unemployment Rate

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#unemployment_rate_28
Based on latest data from the US Census Bureau

Andrews County Employment Distribution By Age

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#employment_distribution_by_age_28
Based on latest data from the US Census Bureau

Andrews County Average Salary Over Time

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#average_salary_over_time_28
Based on latest data from the US Census Bureau

Andrews County Employment Rate Over Time

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#employment_rate_over_time_28
Based on latest data from the US Census Bureau

Andrews County Employed Population Over Time

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#employed_population_over_time_28
Based on latest data from the US Census Bureau

Schools

Andrews County School Ratings

The schools in Andrews County have a K-12 setup, and are composed of grade schools, middle schools, and high schools.

of public school students in Andrews County graduate from high school.

School Quick Stats
Elementary Schools
Middle Schools
High Schools
Private Schools
High School Graduates

Andrews County School Ratings

Share
Link:
Copy Link
https://housecashin.com/investing-guides/investing-andrews-county-tx/#school_ratings_31
Based on latest data from the US Census Bureau

Andrews County Cities