All Forum Posts by: Michael Fluder

Since you are planning to do some of the handyman work yourself and manage them yourself it might be a good idea to look at some areas closer to you also. I would suggest you to look into Ryon, Independence Heights and EDO in Houston.

Feel free to reach out if you have any questions and I will be happy to point you in the right direction.

Good luck!

Thanks! I'll take a look at those areas. With traffic into Houston sometimes it's almost as much of a drive as it would be to College Station! I also have relatives working near there that could occasionally check up on things. But Houston might be good if I can find the right property at an acceptable price point.

Hey Michael,

I am the leader of the Landlord Focus Group from Greater Houston REIA and we have a meeting the second Thursday every month. This month we have it at Spring Creek BBQ, 19099 I-45, Shenandoah, TX 77385. This month's meeting is today and this location is really close to the Conroe area. If you can make it, this will be a good topic for you to meet with some fellow investors and talk about some real deals. The topic is how to Finance 100% of purchase and 100% of rehab when you're doing a BRRRR and the speaker has used this method more than 15 times to buy multifamily properties around Downtown Houston.

I hope you can make it. This is open to the public. DM me if you want more information about it.

Good luck!

Unforunately I saw this one too late and I was already on my way to the meeting in College Station. I will definitely be at the next one though!

0 Votes

Houston, Texas

Thanks for the invitation, I'll be there looking to learn more!

0 Votes

Bryan-College Station, Texas

Quote from @Alex Brammer:

Hey @Michael Fluder That's awesome you're expanding into multi family! When it comes time to do a 1031 exchange I'd reach out to @Steve Wolterman here on BP. He is an attorney and owns 1031 federal exchange as a Qualified Intermediary. Best of luck to you!

Interesting, thanks for the info!

0 Votes

Houston, Texas

Quote from @Daniel Tanasa:

Hey Michael,

Welcome to Bigger Pockets!

Feel free to reach out if you have any questions and I will be happy to point you in the right direction.

Good luck!

1 Vote

Houston, Texas

Quote from @David Schmiediche:

If you're looking to get into multifamily, College Station is definitely the way to go. Bryant and Greg mentioned good reasons and the main reason I would say to look in BCS is because of the abundance of multifamily properties. I haven't seen many other markets that have as big of a multifamily selection. Right now there's over 50 multifamily properties to chose from. As a buyer, you have options in our current market.

I agree! When I first started browsing multi-family properties there were none near me in Conroe. I happened to zoom out and noticed BCS had tons showing up and that got me interested in the area.

1 Vote

Houston, Texas

Quote from @Gregory Schwartz:

Quote from @Michael Fluder:

Hi all, I'm new here and trying to learn how to become an investor in multi-family property. My wife and I currently own a home in upstate NY that has tenants, and they are interested in purchasing it. I own a small handyman business and am willing to maintain and manage my own properties.

I'm here to find out where the best area for me to invest in will be and how to do it (I'm north of Houston in Conroe, TX). Currently I see lots of properties that look good in College Station. Any tips appreciated and I look forward to learning more!

Mike

Hey Michael. There are some good opportunities in BCS. Like @Bryant Xavier pointed out we see steady appreciation and rent rate growth thanks to the demand driven by the university.

We've had a lot of success with the 80s built duplexes and fourplexes here in town using both long term and mid term rental strategies. If you have time it would be great for you to come join us at our next BCS meet up.

https://www.biggerpockets.com/forums/521/topics/1231818-lear...

Thanks for the invite, I plan on being there to learn more!

1 Vote

Houston, Texas

Quote from @Bryant Xavier:

Welcome! It’s great to see you taking the next step into multi-family investing. With your handyman skills and experience managing a rental, you’re already ahead of the game.

College Station is a fantastic market to consider—Texas A&M creates a steady demand for both student and long-term rentals, and there are solid multi-family opportunities here. However, it's important to be aware of HOA restrictions and city regulations on rentals, as they can impact your investment strategy. I can help you navigate those details to ensure you're looking at properties with strong cash flow potential.

Since you’re in Conroe, we can also compare opportunities there versus College Station to find the best fit for your goals. I’m a local real estate agent and property manager with experience in this market—let’s connect and find the right investment for you!

Thanks Bryant! I'll see you at the local meeting and we can chat.

0 Votes

Houston, Texas

Quote from @Dave Foster:

@Michael Fluder, having a tenant that wishes to buy your property is the greatest thing that can happen for a 1031 investor. The most frequent complaint about the 1031 process is the short time frames of 45 days to identify your replacement property and 180 days to close the purchase. If your tenant is your buyer you can negotiate an extended closing to give you time to identify your replacement property.

And since they're already living there, it would be an easy thing to negotiate extensions to the sale. Since they don't have to worry about a place to live or having to move.

I agree! I'm not sure I would be looking into doing this otherwise, but the timing shouldn't be our biggest issue at least!

1 Vote

Houston, Texas

Mike

0 Votes

Houston, Texas

All Forum Posts by: Michael Fluder

Michael Fluder has started 1 posts and replied 9 times.

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange

Post: Learn Our Hybrid Mid-Term/Short-Term Strategy

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange

Post: Current SFH landlord, new to trying to expand and do a 1031 exchange