KPK Real Estate acquires, renovates, and resells single-family homes across the greater Houston area. A partnership combining acquisitions and underwriting, design, and construction management, with every deal underwritten conservatively and rebuilt to a defined standard.
We are three partners from Austria who chose Houston deliberately. It is one of the largest and most affordable major housing markets in the US, prices sit well below the national average, and the metro keeps adding residents. As the market shifts toward buyers, disciplined acquisition matters more than ever, and that is exactly how we work.
We back every project with our own committed capital and underwrite it the way we would assess a building back home: cautiously, on paper, before any money moves.
Greater Houston · as of mid-2026 · US Census Bureau, Houston Association of Realtors
The specs below describe what we usually buy. The formula is what actually decides, so a deal that sits slightly outside the profile is still worth sending.
A ceiling on any offer, never a starting point. Thirty-five percent covers financing, holding, selling, profit and risk.
Cosmetic through full gut. Foundation movement, roof, HVAC, electrical and plumbing are all fine if repairable. We price repairs from having done them.
A property that misses one of the specs but still clears the formula with room is worth sending. Good deals get an answer the same day.
FEMA flood zones AE and VE. Unresolved title or probate. No exceptions.
We focus where the price-to-rebuild math works and stay out of FEMA flood zones AE and VE. Scroll through the areas we actively source in.
Selected for resale liquidity. Deep stock of 1970s to 90s single-family homes near The Woodlands and the Exxon campus, exactly the vintage a full rehab is built for.
Compact city core next to the airport and Kingwood, anchoring a much larger trade area. Affordable entry with steady owner-occupant and rental demand.
The lowest entry point in our current target area, which leaves the most room under our buy box. Older housing stock with the shortest line to downtown jobs.
The top of our range. A master-planned community anchored by the Exxon campus, where the original villages from the 1970s and 80s hold the stock a full rehab suits. More capital per project, and the strongest resale of the five.
Established master-planned community northeast of the airport, with older villages carrying the renovation stock. Parts of the area sit in flood zones, so every parcel is checked against the FEMA maps before we look closer.
Rounded, mid-2026. Home values: Zillow ZHVI. Rents: median, RentCafe / Zumper. Distances approximate, from Downtown Houston. Map data © OpenStreetMap contributors © CARTO.
Deals come through our agent network and wholesalers, filtered against our criteria before we ever look closer.
We confirm resale value from sold comps, check the FEMA flood zone parcel by parcel, and apply the 65% rule. No pass, no purchase.
Our design lead sets the scope, our construction manager runs licensed trades on site, and the work follows a defined timeline.
We list through our agent and hand over a finished home that holds up to inspection.
Build a track record and a capital base through disciplined single-family renovations.
Move into ground-up development, starting with small multi-unit projects of four or more homes.
Assemble a long-term rental portfolio in the same submarkets we already know.
Fix and flip is how we build a track record and a capital base in Houston. It is not the end state.
We act as our own general contractor and coordinate licensed trades directly, as Texas law requires for electrical, HVAC and plumbing. Two of the three partners come from the building side, which is why the step from renovating houses to building them does not require buying in the expertise.
From 2028 we move into ground-up development, starting with small multi-unit projects of four or more homes on infill lots inside the same submarkets we renovate in. By concentrating on the same areas, we intend to build the local knowledge and cost data that ground-up development requires.
We start lean and hire as the work arrives. Every crew we add follows a signed project, never a forecast.
The first hires are on the tools: a lead craftsman who can run a renovation with a helper and hold a schedule without being watched. Estimating, acquisitions and administration stay with the partners while the volume is small.
If ground-up development starts this year, we run one larger four-person crew on the development site rather than splitting into more small ones. At that size the first non-trade position becomes necessary, a site superintendent who keeps several open projects on schedule.
The ambition is a Houston contracting operation that runs several developments a year with its own people rather than a rotating cast of subcontractors. How fast we get there depends on how the first projects perform.
People who can work to a drawing, price their own material, and say early when something will not hold. We pay for reliability rather than speed, because a schedule that holds is worth more to us than a week saved.
We are not hiring yet. Our first acquisition is planned for spring 2027. If you work in the Houston trades and this sounds like your kind of site, we would rather know you before we need you.
Bring us a deal that fits the criteria above.
Fund a project with a partnership that underwrites conservatively.
Build with us on renovations across the Houston metro.