Scaling from Small Apartment Buildings to Larger Deals in Texas.

[Rick Robles]

Good afternoon. We are in the process of purchasing our first 8 plex building in McAllen, Texas using a small bank 75% Loan to Value commercial loan. We have prior experience flipping and leasing Single Family houses but new to apartment buildings. Please advise how we can grow our business buying small buildings with High cash flow but Low Market Value appreciation. Apartment buildings take much longer to sell here and do not enjoy the Value appreciation in bigger markets. We would like to Buy additional buildings every year but Want to hear a exit strategy. The idea is to scale, sell and buy in hotter markets like San Antonio after a few years.

This is Rick from McAllen Texas and appreciate all you guys at Bigger Pockets.