Houston multi family homes?

Question

I see people talking about multi family properties to invest in to create cash flow but in the houston suburbs I don’t find a ton of these that are in decent areas that would bring good renters. I haven’t done a ton of research here so sort of going on a wimb in my own head. I’ll

I see a FEW duplexes and A few side by side townhome’s that are 1500sqft but not a lot in the range of 3-4 family residencies.

Is there a need for new construction of these type of homes in the greater Houston area? My Main purpose would be to rent them out.

Cody L. · Answer

Depends.  In general, east of 288 will have better rent:purchase ratios, but you have to know how to manage a tougher demo. So in that regard you'll do better or worse in a bad area depending on your ability to manage it.  West of 288 will have low returns because you're talking about very desirable areas (midtown/montrose/heights/kirby/rice/etc.), though you'll not be killed by a bad manager as there isn't as much riding on their quality if it's a good area.I have a lot in 77006 but I also but a lot in 77004 since you get more bang for your buck and it's clear that area is getting better.

Cody L. · Answer

Gotta go out of the burbs.  There are 100000 inside the loop.  Search area 16

Dustin Burt · Answer

@Cody L.

Do these areas tend to bring a decent demographic or do you have to deal with a lot of trouble and damage on your properties?