Fannie Mae: "mild recession". Good Idea to Build Ground Up Multifamily in Houston?

[Gerardo Bejarano G.]

Hello everyone.

Gerardo here.

I'm a New Real Estate Investor from Mexico.

I was reading about the latest news that Fannie Mae expects a "mild recession" in the next few quarters.

Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb—An Opportunity for Investors? (biggerpockets.com)

Where do you think will be a good niche to start in the Real Estate Market in the Houston area?

I have some money saved up and I want to invest it correctly in this changing market.

I would like to invest building Ground Up Affordable Multifamily Developments because of 3 reasons:

• The investment is not that high. I calculate around 90k-120k per Multifamily unit.
• You can develop a strategy and a model unit and continue to make that same unit for the next projects.
• My exit strategy will be to sell the units. But if I can't sell quickly, I could rent them and have multiple cash flow (because of the different income sources of the different tenants in the same unit) and wait for the market to recover and then sell the unit.

Please let me know your comments and suggestions about this information.

Thank you everyone!!