The rental housing market in Houston, Texas, has been experiencing steady growth and demand in recent years. That is primarily due to increased population growth, urbanization, and changing demographics. This market can be an excellent alternative for people who don’t like the low returns from savings accounts and bonds or the stock market's volatility.
Investing in rental properties offers investors a lucrative avenue for generating extra monthly revenue alongside the opportunity to invest in assets that gradually increase in value, making it a smart choice for those looking to diversify their investment portfolios. When diving into residential real estate investments, individuals can choose between single-family and multi-family properties, ideal for those looking to amass a more extensive portfolio of rental units.
Multi-family units in Texas come in different shapes and sizes, but mostly they are:
- Apartment buildings and condo complexes
- Mixed-use properties
- Low-income housing
- Retirement homes
- Duplexes and triplexes
There are many advantages to owning multi-family real estate. Ownership of such properties can amplify your earnings while only marginally increasing expenses. Multi-family properties are also known for delivering robust cash flow. They are generally more straightforward in securing financing, making them an appealing option for investors to expand their portfolios. In addition, multi-family properties have a higher potential for long-term appreciation and provide more rental income stability than single-family properties.
Demand for multi-family rental units continues to grow and is driven by the preferences of specific demographics and unaffordable single-family homeownership options. Now is the time to invest in them!
Are you intrigued by the prospect of passively growing your income?
Makaan Investment Group works with investors who want to let their capital do the work by investing in the best markets for multi-family properties in Houston, Texas, and nationwide to build their generational wealth.