Hey, everyone. My name is Jean-Marc. I'm a newish investor and bought my first property (quadplex) in Galveston about one year ago. I'm a resident physician and love REI about as much as treating patients. I'm looking...

Houston is a great market for duplexes and the price point is lower than Phoenix.

Property taxes and insurance are typically the two biggest recurring costs.Below is an overhead cost comparison of three states with no state income tax.Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.To demonstrate the impact of taxes and insurance on net income, I compared the overhead costs of a $400,000 property in these three states.

Texas is a tough market, I looked at Dallas and Houston as options for my group but those markets are super competitive and the houses on the MLS do not work in the BRRRR formula and the houses held by wholesalers have too high of a wholesale fee. 

I want to buy a multifamily property, although my local market (Houston, TX)  isn't really known for having a bunch of 2-4plex properties.

1711 Meyer Road, Houston.

It's not rocket science, cut it out, wash it down, do preventative maintenance call it a day.

I am open to areas outside of Houston as well.

I am happy to discuss the terms Come to Houston!

Hello all, I am new to REI and looking to invest in the Houston market.