Questions about a quadplex and running numbers

[Account Closed]

Hey guys — so I'm wanting to run numbers on the purchase of a quadplex somewhere in the Houston area. 

1) Where would you look for the property?  MLS, LoopNet, a broker, etc

2) How do I find out what rents are going for in certain area (aka how do I find out what each unit of the quadplex will rent for) 

Also — when looking at some listings, sometime the broker will say that the units are renting for a certain price... should I trust this number or should I ask for proof? Is it rude to ask for proof? I don't want to overstep and develop a bad rep. 

Any other suggestions such as where you'd recommend buying a quadplex in the Houston area would be greatly appreciated! My wife and I would be doing it as a house hack and we'd like to live in the Spring/Woodlands area but I've looked and can't seem to find a single quadplex for sale in those areas. Is it difficult in general to find quadplexes? 

Thanks in advance guys! 

[Ronald Rohde]

Originally posted by @Account Closed:

Hey guys — so I'm wanting to run numbers on the purchase of a quadplex somewhere in the Houston area. 

1) Where would you look for the property?  MLS, LoopNet, a broker, etc

2) How do I find out what rents are going for in certain area (aka how do I find out what each unit of the quadplex will rent for) 

Also — when looking at some listings, sometime the broker will say that the units are renting for a certain price... should I trust this number or should I ask for proof? Is it rude to ask for proof? I don't want to overstep and develop a bad rep. 

Any other suggestions such as where you'd recommend buying a quadplex in the Houston area would be greatly appreciated! My wife and I would be doing it as a house hack and we'd like to live in the Spring/Woodlands area but I've looked and can't seem to find a single quadplex for sale in those areas. Is it difficult in general to find quadplexes? 

Thanks in advance guys! 

 quads are generally hard to find in Texas. we've traditionally always had lots of land, so why build density when detached is just as easy? I'd look for quads first, then filter the locations you're willing to live.