Duplex, Fourplex and Small Multifamily Development in Texas

[Sean York]

I am currently looking to grow my business in the real estate development arena, focusing on Duplex, Fourplex and Small Multifamily ideally in my backyard in NW Houston,  but open to pursuing opportunities in San Antonio & Austin as well.  What are your thoughts on pursuing this strategy, advise.  Looking to connect with like minded folks that would like to pursue similar strategy.  

[Aaron Francl]

Hi @Sean York I can't speak much to Houston but since you mentioned SA...

I see most of the small multi new builds/developments outside of SA's city center. There are a number of new development duplexes being built as you get around the 1604 loop. I have some clients looking into them but most of them are sitting now and have been for some time. The price points have gotten to the level that it just doesn't make a lot of sense for investors or even house hackers. Good looking assets, nice builds, etc. but they're just sitting. 

I also had clients purchase a new construction duplex in the Converse area but that was a few years ago before they started creeping into the $500k+ range. 

It's a good strategy provided you can best the competition, bc there's a major need for quality small multi inventory here.