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Updated over 7 years ago on . Most recent reply

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23
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21
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Dan Raphael
  • Investor
  • San Diego, CA
21
Votes |
23
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Houston fourplex for Out-Of-Town investor

Dan Raphael
  • Investor
  • San Diego, CA
Posted

Hello all,  I iive in San Diego and currently work full time so a rehab from afar is not something I am interested in. 

For this phase in my investing, I am interested in a turnkey fourplex to
buy in the near term in the Houston metro area. I have no issues getting on a plane to walk the area with knowledgeable professionals.

In anticipation of your questions:  I am looking to put $75K down.   Cap rate 5%.  I plan to hold the property for 10 years and reassess (likely 1031 to larger).  I am looking to scale quickly.  

 If there is someone in Houston, who is looking at properties in this range, perhaps we can partner and  seek a larger property- I am open to that.

My question for the group:  where do I start in terms of neighborhoods, PM referrals, agents, etc?  What else do I need to consider?

Thanks!

Most Popular Reply

User Stats

190
Posts
160
Votes
David Hines
  • Property Manager
  • Allen, TX
160
Votes |
190
Posts
David Hines
  • Property Manager
  • Allen, TX
Replied

@Dan Raphael

Hi Dan, I am an investor, real estate broker and property manager in Houston. Your plan looks strong. I would be happy to help you in any way I can. I will send you a direct message and all my contact information is on my profile page.

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