I invest in the Bay Area but I acquired my properties pre-2013 so in a much different market.

pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

The rental market is really good, and rents are 1% of what he's selling them for.

Once you get into the 5+ unit properties, the lending market evaporates, there are very few lenders in this market and the rates are 1-1.5 higher than in the 1-4 unit market, if you are thinking bigger, the 10+ unit financing is best case 65% LTV, where the 1-4 unit market is 80% LTV for  Stabilized rent ready properties, and if you are buying a fixer upper you can usually get 90% of purchase and 100% of rehab. 

I look forward to getting to know these markets better and connecting with fellow real estate professionals here.Any advice or insights you can share would be greatly appreciated!

Hey guys, I'm looking into marketing to probate leads in FL.

For help with the section-8 process, it's very important to have a PM that's familiar and connected with the HUD programs in the selected market. 

We found the house through the MLS, and the negotiations took place between the real estate agent and the seller on my behalf.

Hi @Brent Barcus there are not many LARGE multi-family in this market.

I have a general contractor license so I also can repair and remodel properties before they go on the market.