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Updated about 4 years ago on . Most recent reply

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2
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Steve Alexis
  • Investor
  • Houston, TX
2
Votes |
8
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BRRR in Houston TX, Inner Loop or Outer Loop

Steve Alexis
  • Investor
  • Houston, TX
Posted

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. 


Most Popular Reply

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4,717
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2,504
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Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
2,504
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4,717
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Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied

@Steve Alexis You are definitely on the right path and you have got the key things you need.

I'm a Local Investor-Realtor and Buy & Hold Investor myself. 

I have a 10 units currently under rehab and another offer was accepted on a 4-Plex just yesterday. 

Let's connect and make magic happen.

Goodluck.

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