Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply

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

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