Investment Info:Large multi-family (5+ units) commercial investment investment.

The appreciation will always increase, but I have noticed better long-term value in small multi-family vs. condos.Do you have a purchase price in mind?

Hello,I am remodeling my multi family house (3 flats) to modern.

Personally, I like small multis in growing areas with vacancy Rates under 3%.

As you scale, if bookkeeping isn't fun for you, consider hiring a bookkeeper for a couple hundred bucks per month.We do 20 out of state Flips/BRRRRs per year and use QuickBooks Online to manage all of our finances for rehabs. 

😁Also check the zoning to make sure the multi-family unit is legal! 

I think purchasing either a three family or fourplex is the best bang for your buck.

Ive only handled SFH and small multi-family rehabs, but never dealt with anything on this scale, and have no idea about the associated costs.

Looking to start with house flipping and eventually move into multi-dwelling property as a more steady stream of revenue.

pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.