Multi-families in Houston area

[Ronaldo Carvalho]

I would like to know if anyone here has invested or interested in investing in the area closer to Houston University. I understand the area seems more like low income area, and I believe would be considered Class D? Even though there are lots of (federal) housing units in the area, do you think because it is close to the university this area will turn in to high up scale area like most areas that develop around an university?

Thanks.

[Cody L.]

I disagree that it's "D". It's near tons of new investment. It's inside the loop. And it's literally a few miles from "A" areas like midtown, Montrose, downtown, rice, etc.

As long as you can buy cheap, I think large appreciation plays can be made. I've bought stuff in the 20k/door range that I've got $750 month rents today. I paid 22k/door for a building 4 years back that I sold for 48k/door last year.

Don't be afraid of the area. Just screen tenants and don't put up with crap