Los Angeles, CA · Member since 2019 · 17 posts · 4 votes
Hello, I am currently in the process of looking for my first multi family, (triplex or fourplex) in Houston. I am an out of state investor and I see a huge opportunity in the market. I'm totally new to the Houston market, What are some of your opinions on the Houston market? If anyone is from the area, What are some sections in town I should be looking at? I'm open to any advice or tips anyone may have!
Rental Property Investor · Katy, TX · Member since 2019 · 9 posts · 6 votes
6y
+1 to everything Cameron said. I'm a big fan of the West Houston and Northwest Houston areas. It'll be hard to find multi-families in many of the proper suburbs (i.e. Katy), but they do exist. I've seen a couple good ones in Cypress, as well as areas just outside/adjacent to the suburbs.
Side note: @Cameron Tope Big fan of your YT channel hah. Always love the content and insights you share, and it's been pivotal in helping shape my own thoughts on the market. Hope to treat ya to coffee one of these days as a thank you.
"Every week.. I bring you tool, tactics, STRATEGIES..." :)
Property Manager · Katy, TX · Member since 2015 · 1k+ posts · 1k+ votes
6y
Hey Maxwell,
Houston is definitely a great market (and I'm not just saying that!).
Houston has diversified over the years from almost totally oil and gas. The prices are competitive compared to other areas around the country but watch out for property taxes and insurance! Taxes will run 2-3.5% and insurance can be almost 1% or more for the coastal areas.
It's hard to cash flow inside the loop but the suburbs like Katy, Sugarland, Conroe, Cypress, etc. are all great cash flow markets.
Rental Property Investor · Katy, TX · Member since 2019 · 9 posts · 6 votes
6y
+1 to everything Cameron said. I'm a big fan of the West Houston and Northwest Houston areas. It'll be hard to find multi-families in many of the proper suburbs (i.e. Katy), but they do exist. I've seen a couple good ones in Cypress, as well as areas just outside/adjacent to the suburbs.
Side note: @Cameron Tope Big fan of your YT channel hah. Always love the content and insights you share, and it's been pivotal in helping shape my own thoughts on the market. Hope to treat ya to coffee one of these days as a thank you.
"Every week.. I bring you tool, tactics, STRATEGIES..." :)
Realtor · Houston, TX · Member since 2017 · 178 posts · 68 votes
6y
Don't forget to consider flooding! Check the recent news and you'll get an idea of what areas are prone to flood. Flood insurance is not too too expensive but you don't want to forget to include in your cash flow formula. Also as you get closer to the gulf you have to include wind insurance.
+1 to everything Cameron said. I'm a big fan of the West Houston and Northwest Houston areas. It'll be hard to find multi-families in many of the proper suburbs (i.e. Katy), but they do exist. I've seen a couple good ones in Cypress, as well as areas just outside/adjacent to the suburbs.
Side note: @Cameron Tope Big fan of your YT channel hah. Always love the content and insights you share, and it's been pivotal in helping shape my own thoughts on the market. Hope to treat ya to coffee one of these days as a thank you.
"Every week.. I bring you tool, tactics, STRATEGIES..." :)