What Area in Houston TX i can CASH FLOW

Houston, Texas
Buying & Selling Real Estate
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What Area in Houston TX i can CASH FLOW

Edward Adams
Investor · Houston, TX · Member since 2020 · 111 posts · 64 votes

i am looking to purchase investment property around HOUSTON TX with putting 25% down and not having negative CASH FLOW i am ok with 0$ cash flow as well 

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Ashlee Hutson
Real Estate Agent · Pearland, TX · Member since 2019 · 59 posts · 34 votes
4y
Quote from @Eliott Elias:

Sunny side, 5th ward, Alief

If you look into Airbnb your options expand drastically 

 @Edward Adams, @Eliott Elias is correct. But keep in mind, those are primarily class D with some areas as class C at best. 

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  • Marci MayesPro Member
    Real Estate Agent · Willis, TX · Member since 2019 · 71 posts · 37 votes
    4y

    Are you looking for single family or multi-family? What is your budget? Would you be able to do any rehab after purchase? If so, how much (full-rehab or just cosmetic)? Have you talked with a lender regarding financing? I prefer looking for long term rentals north of Beltway 8. Also, consider Montgomery County. I have picked up two single family rentals there this year. 

    [email protected]
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  • Matthew Rolf
    Insurance Agent · TX · Member since 2018 · 362 posts · 175 votes
    4y

    @Edward Adams I think you could find that in almost all areas of Houston, your search would vary based on the price point you are targeting.  Also, maybe doing 20% and using 5% of that set aside amount for a rehab budget, you probably could find a better deal.

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  • Edward Adams
    OP
    Investor · Houston, TX · Member since 2020 · 111 posts · 64 votes
    4y

    @Marci Mayes thanks for reply, i am looking for both Single family and up to 4 plex. i dont have any budget limit, i do look for ready to rent or cosmetic rehab. is there any particular zip code should i look in to at north? 

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  • Edward Adams
    OP
    Investor · Houston, TX · Member since 2020 · 111 posts · 64 votes
    4y

    @Matthew Rolf my numbers shows different results, can you share with me an example on MLS that cash flow?

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  • Matthew Rolf
    Insurance Agent · TX · Member since 2018 · 362 posts · 175 votes
    4y

    @Edward Adams sure let me take a quick look and ill PM you

    1Reply
  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y

    Sunny side, 5th ward, Alief

    If you look into Airbnb your options expand drastically 

    0Reply
  • Marci MayesPro Member
    Real Estate Agent · Willis, TX · Member since 2019 · 71 posts · 37 votes
    4y

    I like zip codes 77388, 77379, 77373, 77386, 77385, and 77302. Please DM me your email address, and I will send a couple of options that might work for you. 

    [email protected]
    0Reply
  • Ashlee Hutson
    Real Estate Agent · Pearland, TX · Member since 2019 · 59 posts · 34 votes
    4y
    Quote from @Eliott Elias:

    Sunny side, 5th ward, Alief

    If you look into Airbnb your options expand drastically 

     @Edward Adams, @Eliott Elias is correct. But keep in mind, those are primarily class D with some areas as class C at best. 

    3Reply
  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y
    Quote from @Ashlee Hutson:
    Quote from @Eliott Elias:

    Sunny side, 5th ward, Alief

    If you look into Airbnb your options expand drastically 

     @Edward Adams, @Eliott Elias is correct. But keep in mind, those are primarily class D with some areas as class C at best. 


     True. That is typically where you find great cash flow

    0Reply
  • Ashlee Hutson
    Real Estate Agent · Pearland, TX · Member since 2019 · 59 posts · 34 votes
    4y
    Quote from @Eliott Elias:
    Quote from @Ashlee Hutson:
    Quote from @Eliott Elias:

    Sunny side, 5th ward, Alief

    If you look into Airbnb your options expand drastically 

     @Edward Adams, @Eliott Elias is correct. But keep in mind, those are primarily class D with some areas as class C at best. 


     True. That is typically where you find great cash flow

    That is true. 
    0Reply
  • Joe Banks
    Member since 2022 · 8 posts · 6 votes
    4y
    Quote from @Ashlee Hutson:
    Quote from @Eliott Elias:

    Sunny side, 5th ward, Alief

    If you look into Airbnb your options expand drastically 

     @Edward Adams, @Eliott Elias is correct. But keep in mind, those are primarily class D with some areas as class C at best. 


     Thanks for disclosing this. Eliott left that part out

    0Reply
  • Edward Adams
    OP
    Investor · Houston, TX · Member since 2020 · 111 posts · 64 votes
    4y

    @Ashlee Hutson thanks for reply how you determine classes? is there a map? 

    0Reply
  • Greg R.
    Investor · Dallas, TX · Member since 2016 · 887 posts · 1k+ votes
    4y

    Edward, out of curiosity what exactly are your long term goals for this investment? Are you simply looking for somewhere to park your money?

    0Reply
  • Ashlee Hutson
    Real Estate Agent · Pearland, TX · Member since 2019 · 59 posts · 34 votes
    4y
    Quote from @Edward Adams:

    @Ashlee Hutson thanks for reply how you determine classes? is there a map? 

    Here is a good article that can help you determine class:
    https://www.biggerpockets.com/...

    Of course, nothing beats driving the area to determine the class. 
    0Reply
  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    4y
    Quote from @Edward Adams:

    i am looking to purchase investment property around HOUSTON TX with putting 25% down and not having negative CASH FLOW i am ok with 0$ cash flow as well 


     All areas.  I've bought all over.  Never bought a  property that didn't cash flow.   Though I'm talking about multifamily. 

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