BRRR in Houston TX, Inner Loop or Outer Loop
Hey Houston,
I am an out of state investor (but mobile), looking to BRRR invest in Houston ,TX, I am a fan of the micro demographic data and trends. I house hack a duplex in an expensive market but new to investing in a home that is not my primary residence.
My requirements:
Build a buy and hold rental portfolio properties over the next 7 years, 2-3/properties a year
Would love to get into duplexes, but understand its not as prominent in Houston
Expected returns, cash flow: 12-15% CoC
Properties that ARV 120-200k, HML Cash Buy
Plan to make myself available locally to manage rehab.
What I've put in place thus far:
Approved by HML
Secured refi financing
Found reliable property management
Missing one key piece, you guessed it, a deal? Leading to my question, to meet my above requirements should I start my focus in the inner loop wards or rather the outskirts such as Baytown,Missouri City, Pasadena, Spring.