7 Deals in 7 Day as an investor's agent

[Victor Steffen]

We've felt a shift in our markets over the last several weeks but never as strongly as this past week. Here are some of the deals we did (1 is personal, the others are for my clients)

-Seller Financed Quadplex, 20% down, 6.5% interest. Turnkey. Fully Occupied. "A" grade location. San Antonio TX

-Luxury Airbnb, listed for 1.2M. original offer of $925k rejected. settled at $950k. Cedar Park TX

-Cashflowing Duplex listed for 230k, offer accepted at 215k. Dallas TX

-Househack, 3.5% down FHA financing, listed for 800k, under contract for 790k and 20k concession from seller. Austin TX

-Househack, duplex listed for 235k, under contract for 230k and $3500 in concessions *before inspections*. San Antonio TX

-5 bedroom, 3200sqft househack/ Rent By The Room purchased with a VA loan at list price. Austin TX

-A listing agent and a builder called me asking if I had buyers for them. (not technically a deal, but still notable)

NONE of these deals would have been possible 2 months ago. Looking forward to getting househackers back in the game! 

[Michael Dumler]

@Victor Steffen, I don't have my foot in the Austin market, but it's interesting to see that deals are going for under asking now. Were your listings priced at market value? Most notably the duplex deal that went for 15k below asking. In my market, small multifamily properties are still receiving cash offers of 20-30k over asking. Thanks for the insight.