Updated over 2 years ago on . Most recent reply
Best neighborhood to invest in a LTR/MTR in Houston, TX
I would like to get a property with a budget of $300K (60-70 LTV) for LTR or MTR in a decent neighborhood. What are some great neighborhoods to look into that will bring a Cash on Cash return of at least 5%? I was considering Houston and Vegas (unsure of which areas specifically-suggestions welcome!) due to low taxes and low maintenance. I'm Open to better suggestions. I want to avoid high crime neighborhoods out of fear that I will end up with tenants that won't pay their rent and I will spend time and money kicking them out. Which is why I am avoiding Memphis, TN. We operate STRs in PA and so this investment will be a more passive income investment type. Thanks in advance for your help BP!
Most Popular Reply
It is not realistic to cash flow in houston with a LTR in a good neighborhood (A-B class). Look into multifamily, 2-4 units.