Investment Property Selection Strategy in Houston

Key Points:

– Purchased a C/D-class multifamily property in Houston focusing on cash flow.
– Estimated ROI between 12% and 14%.
– Importance of steady cash flow from a multifamily property, especially in case of a vacant unit.

Hot Take:

Choosing an investment property based on cash flow might seem like a solid plan, but remember, even the best calculations can’t predict that one weird tenant who turns your property into a zoo. Stay diversified and always have a backup plan, because in real estate, the unexpected is as certain as taxes.
Original article: https://www.biggerpockets.com/blog/what-i-learned-from-my-first-investment-property