Let’s connect and talk more about trends you’re seeing in Houston, what other areas are of interest to you, goals, etc.

When I first moved here and started looking for houses I looked at every multifam in New london county and it seemed to me like New London was very very block by block and a little more expensive as well as being in really bad shape.

Just make sure to budget some for turnover to get it in good shape again for when you re-list in the summer. 

I’m getting this deal off market and I believe I’m getting it for a decent amount less than what I believe I could sell it for and it’s in really good shape, granted a little dated. 1bd quads have sold for $150k and there are two 2bds in this quad. 

(And I did lose a lot on my first deal so just hoping you can learn from mine and BP members experience) But seriously that is not a deal in any way shape or form.

from the photo the siding looks in decent shape.

If the trend continues then you can have tremendous ROI in the long run meanwhile the minimal cashflow keep the property improving with forced appreciation through renovation and raising rents that may be under market value.

And the PwC/ULI Emerging Trends in Real Estate report, which was just recently published (it comes out near the end of every year). 

https://www.google.com/amp/s/www.realtor.com/news/trends/war-with-iran-heres-what-that-could-mean-for-the-u-s-housing-market.amp/

Highly recommend checking out Zillow's annual housing trends report to see what renters really want.