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All Forum Posts by: Steven Lee

Steven Lee has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Need guidance in regards to investing in MFP- Texas

Steven LeePosted
  • Posts 1
  • Votes 2

Hello!

I am a first-time investor looking to purchase a first multi-family property in Texas. I've been searching in Austin and surrounding areas but it is super hard to get a positive cap investment... So I am looking at positive cap rate locations such as college station or Killeen and need some guidance (and if there are great deals, will also need a realtor). FYI I already have a pre-qual in place. 

Some things I am looking for: 

- $350-400K price range

- Positive Cap rate (haven't defined a % yet but maybe 3-4% would be a good start- the higher, the better) 

- Multifamily property (du/tri/four) 

- Property management company to manage

- Military vs. college students

Thanks!

2 Votes