Multifamily numbers in Houston

[Begona Miron]

Hi everybody! Me and other partners are interested in investing in multifamily as a way of starting to have a steady cash flow. According to our possibilities, we are thinking in small multifamily properties class or C(no more than 20-25 units) and even though I have certain numbers in my head according to cap rate and IRR...I would like to get an idea of what is the average in Houston market right now, any help? We would be open to other markets specially in Texas as well. Thanks!

[Roland Arriaga]

Thorough research of your project’s financial and architectural design constraints will eliminate costly assumptions and guess work by uncovering facts, establishing construction costs and a realistic project budget. Doing a needs and option feasibility study will lay the proper groundwork up front because it clarifies the project constraints, reduces the risk of elevated construction costs, cost overruns, potential roadblocks, and change orders.

Decisions made at the beginning of your project have great impact on the options you have available later. Doing a project feasibility study well early in the process will pay huge dividends over the life of your project.