Texas has always been a place that embraces new ideas and hard work — from the scrappy ranchers of the early days, to the oil wildcatters, culminating in today’s high-tech entrepreneurs. It’s no wonder that Texas is one of the most active states for entrepreneurs and startups.
The state of Texas is rapidly growing in numbers due to the steady economy it maintains. It is estimated that by the year 2040, the Texas population will have hit 45 million. Where are we fitting all these people? With Texas being the largest state in the continental United States, it has a clear advantage in land space. The Lone Star state builds an average of 125,000 homes per year, placing the housing market as 3rd best in the country.
The cities of San Antonio, Dallas, Austin, and Houston can all be found on Forbes’ list of Top 10 Best Real Estate Markets in America. Homes in Texas are in such high demand that houses rarely sit on the market for more than a week.
If you are an out-of-state resident, looking to invest in Texas real estate, you will have definitely made a wise business decision. Texas offers great benefits for out-of-state property investors. Benefits include:
- No state income tax (applies to individuals and corporations)
- Landlord friendly real estate laws
- Encouraging business-oriented environments; and
- Landlord friendly real estate laws;
Investing in real estate is one of the fastest ways to generate long term wealth. The sooner you start, the sooner you can learn what it takes to be successful. Additionally, the sooner you start, the longer you have to reap the benefits. Jainsons Properties makes it easy to get started in real estate investing texas. To discover more about how you can fulfil your American real estate dream and maximise your investments, contact us today.