Houston, Texas Market

[Emari Diggs]

Hi ,

I live in Louisiana, but will be moving to Houston, Tx next year and would love to start investing in small multi-family rental homes in Houston !! I am unfamiliar with Houston's market. Would anyone be able to give me an idea of the best submarkets to invest it. My criterias are the following:

*A home that I can get for 20 to 30% under market value that may have cosmetic damage and slight repairs that a one-man contractor can take care of within a month,

*neighborhood C+ or B-

* last price range of 100000 to 250,000

-THANKS IN ADVANCE

[Michael Dang]

Welcome to BP Emari!  There are a lot of submarkets in Houston and it's a big city.  Your criteria is pretty broad.  Your price range may get you a duplex or Triplex in a C- to C submarket.  Any properties in a C+ to B- submarket will be more.  I'm not saying it's impossible but hard.  

I think you need to take a few trips to Houston to understand the various submarkets and obtain some market reports.  Network with a lot of ppl to learn more.  Try looking at the Gulfgate, EaDo, Sunnyside, 3rd ward, and northside areas.  There a a bunch of other good submarkets that I didn't mention.

Lot's of uncertainty at the moment with the oil price wars, COVID-19, and new recession which can lead to opportunity.  Hope this is helpful.