Houston, Texas Small Multi-Family

[Terone Johnson]

Hey Everyone,

My Brother will be moving back to Houston soon and we are planning on investing in a small multi-family 2-4 units, preferably a value add type property in a B or maybe C area. I have a couple of questions for some Houston Investors, and Houston Wholesalers. We are thinking somewhere close to the University of Houston in which he knows the area, but  I would like to ask these questions. 

1. What three areas do you guys suggest we look start looking and running numbers?

2. Is this ward close to University of Houston showing good rent numbers?

3. Are there any Brokers or Wholesalers in the area that are willing to connect and talk about this as we study the market a bit more? 

Thanks for your help ahead of time!

Terone Johnson

[Andrew Flanagan]

Just be aware of 2 things as you move forward...

1) Univ. of Houston is a heavy commuter school. 

2) The area surrounding the school (3rd Ward) is pretty rough.

Disclosure: I dont invest there but was born and raised in Houston and know the south side of town pretty well.