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Updated over 4 years ago on . Most recent reply
Multi family in Houston
I'm looking to invest in a multi-family and hope to get some guidance and expand my network. I've been a SFH investor and would like to expand to a multi family. How different is multi-family from single family? What should I consider getting into it? Any multi-family investors in Houston I can connect with? Any information, guidance, tips, referrals are greatly appreciated!!
Most Popular Reply
I recommend starting out with duplex, triplex or fourplex as the process is very similar to a SFH and you can refinance using residential-type loans. If you buy properties of 5 units or more, they're considered commercial properties and they're valued using the NOI and cap rates. Also interest rates tend to be higher on commercial properties. I'm not discouraging investing in commercial but may be a good idea to start with 4 units or less and work your way up from there. Good Luck!