In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

Hello BiggerPockets Community,
I’m excited to become a part of this inspiring network of real estate aficionados. With a strong interest in the field, I’m here to dive deep into real estate investment, aiming to grow...

Hi James, Look at key economic indicators such as job growth, unemployment rates, GDP growth, and industry diversity.

The Economic Development there is focused on building competitive regional talent, diversifying the regional economy, transforming Montgomery's image and building diverse community capacity.Back in 2020, BiggerPockets also did an analysis with similar results.

It is important to have a long-term perspective that takes diversity, scalability, and portfolio development into account.

However, we also have fix and flips along with PML and wholesale deals that provide a level of cash-flow diversity. 

Since you're focusing on the Houston area, which has a diverse real estate market, you'll find a range of options that could suit your needs.

I’d like to have a diverse real estate portfolio (single family, du/tri/quad plexes and a small 8-10 unit multi family) and then see what I enjoy the most. 

The algorithm really struggles a lot in neighborhoods with a very diverse mix of home sizes and vintages.

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.