Houston Area Multifamily & HAR Question

[Ronnie Howard]

Newbie question here. I’m in the Houston area and have a goal of buying my first property in the first half of 2018. I have been browsing through HAR and evaluating properties for the practice and see if I can get a grip on pricing trends. Within Houston you don’t see hardly any of the HAR listings giving details on current rental income. They will say if they are leased or not but nothing on rent. When I’ve browsed other local markets on HAR such as College Station almost all of the multifamily properties will list the rental income. So I guess the question is, if a listed multifamily says it leased is it acceptable for me to contact the listing agent and asking for current rental income information? I don’t really know the dos and don’t. Thanks BP!

[Kevin Wood]

@Ronnie Howard

There are many agents on this board that can help you pull rental information. I have my license for my property management business and can help you see the rents for a multifamily you were interested in. When you are ready to buy feel free to reach out to @Sharon Tzib. Even though I have my own license I use her for all my transactions because she is great at what she does.

@Effram Barrett

I don't think that is the case. I bought a 12 and a 10 unit off of har.com in August. Both of them were at an 8 cap at current rents. We've purchased $3M in small multifamily in Houston in the last 2 years. All of it off of har.com