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Updated over 6 years ago on . Most recent reply

User Stats

35
Posts
12
Votes
Randal Remon
  • Channelview, TX
12
Votes |
35
Posts

Looking for my First Multi Family in Tx [Seeking Help]

Randal Remon
  • Channelview, TX
Posted
Hi everyone, Ive been scurrying through the Texas, and really don't know how to go about achieve a goal. My goal is to find a multi family property that cashflows great. Ideally, a 2-4 unit in great shape, under 100k around the Houston or surrounding area (a guy can dream right lol)? I've been looking at a lot of properties online and one of 2 things usually happens: either the seller over estimates the property (overstates price and rental rates around the area), or it's a 3rd party/wholeseller who I have to refresh their memory about the property. Some properties also require a lot of renovations (sometimes I estimate 20k minimum when a 1600 sq ft home needs a complete interior finish)? I'm not even sure if I qualify or should be looking for a duplex, as I have a income problem (I've worked, just haven't made enough). I have near 800 credit score, more than enough to put a substantial amount down, no debt (except owing $700 for a iphone and cc balance I could easily pay off), and am a financially responsible individual, just in the process of generating more income. Would appreciate any one that could help me out. Thank you in advance!

Most Popular Reply

User Stats

454
Posts
273
Votes
Michael Dang
  • Rental Property Investor
  • Houston, TX
273
Votes |
454
Posts
Michael Dang
  • Rental Property Investor
  • Houston, TX
Replied

Good advice from @Shayan Malayeri

Meetup.com has a host of groups.  Here's a few on multifamily.  They tend to focus on bigger deals but the networking and education is worth the time.

AIM Houston

https://www.meetup.com/Apartment-Investor-Mastery-...

AIM Sugar Land

https://www.meetup.com/Apartment-Investor-Mastery-...

HIP

https://www.meetup.com/Houston-Apartment-Investing...

  • Michael Dang
  • Loading replies...