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Updated almost 2 years ago, 02/17/2023

User Stats

10
Posts
12
Votes
Tyler Watson
12
Votes |
10
Posts

San Antonio, Salt Lake City, & Raleigh Creative Financing

Tyler Watson
Posted

I own 2 single family rentals in AZ, I am looking to expand into small multifamily. 

I will be leaning towards subject to and seller financing deals exclusively.

I have narrowed my market down to the 3 in the title block, so if any brokers, agents, or investors have insights on this area please reach out!

User Stats

4,812
Posts
3,392
Votes
Jordan Moorhead
Agent
  • Real Estate Agent
  • Austin, TX
3,392
Votes |
4,812
Posts
Jordan Moorhead
Agent
  • Real Estate Agent
  • Austin, TX
Replied

@Tyler Watson I would narrow it down more. We picked a few zip codes in a specific market and our portfolio blew up!

User Stats

109
Posts
81
Votes
Loren Polito
  • Real Estate Agent
  • San Antonio, TX
81
Votes |
109
Posts
Loren Polito
  • Real Estate Agent
  • San Antonio, TX
Replied

Hi @Tyler Watson, if you are looking in San Antonio, I know of a few properties that the seller is offering seller financing on if that's something you are interested in.

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User Stats

10
Posts
12
Votes
Tyler Watson
12
Votes |
10
Posts
Tyler Watson
Replied
Quote from @Jordan Moorhead:

@Tyler Watson I would narrow it down more. We picked a few zip codes in a specific market and our portfolio blew up!


 Never thought of that, thanks for the tip!

User Stats

10
Posts
12
Votes
Tyler Watson
12
Votes |
10
Posts
Tyler Watson
Replied
Quote from @Loren Polito:

Hi @Tyler Watson, if you are looking in San Antonio, I know of a few properties that the seller is offering seller financing on if that's something you are interested in.


 Definitely interested, still early in the process but if you can send me the listings I will take a look for sure!

User Stats

1,166
Posts
888
Votes
Chris Davidson
  • Real Estate Agent
  • Boise, ID
888
Votes |
1,166
Posts
Chris Davidson
  • Real Estate Agent
  • Boise, ID
Replied

@Tyler Watson Like @Jordan Moorhead said narrow it down more. You have whole cities, funding type, and large property class type. Dive more into what is more important to you and why. SMF creative deals can be much harder to come across, and if you are just wanting to add units you may be able to do so quicker with SF as sellers are usually more motivated being owner occupied vs investors. IF only SMF fits your strategy and needs go for it but again narrow down more and pick a part of town that will work best for you and your goals.

Best of luck!

User Stats

9,861
Posts
5,543
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Eliott Elias#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
5,543
Votes |
9,861
Posts
Eliott Elias#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied

What is your buy box?