All Forum Posts by: Frank Ma

@Jerel Davis, thanks a lot!

thank you all for the advice. sorry for the delayed response as I was out of town last week.

Michael and Chris, hopefully we can meet in person some day. Are you part of any meet up?

I am a newbie and would greatly appreciate your advice and comments

I am looking at two opportunities and not sure which one is the right path or neither one. I am looking at a new SFH at EaDo, very close to the new Eastside Project. It is about $350k and the current rent is low $2300-2500, the idea is to hold the property through leasing for potential high appreciate when the new city center is built.

At the same time, I am evaluating a multi-family investment opportunity 5 plus unit, 1970's, all 1 bedroom 1 bath and rent is $690-720. Rent is $4600, HOA 1200 and Tax $5600.

Please let me know your thoughts

Thanks

thank you all for all the good points.

It is 6 units condo complex. 3 units at 1st floor and 3 units on 2nd floor, they are all 1 bedroom 1 bathroom, 693 sqf. gated. It was built in 1979. 6 units all occupied. Per rentroll, total rent $4,260, HOA $1203, annual property tax $5,600. there are 4 or 5 apartment complex in the area. this apartment complex is below the average and rent is relatively low as well. there are quite a few office building within walking distance. The current rent is $690-$720. The tenants are blue collar and school is below average.

To your guys, does 1979 an issue if I want to buy and hold for at least 10 years? is there anything else concerning you? 

i am evaluating a multi-family investment opportunity in Houston. The financials make sense. What other key factors should I look into?