Best areas to buy new duplexes and 4 plexes

Multi-Family and Apartment Investing
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Best areas to buy new duplexes and 4 plexes

Joe Si
Member since 2024 · 10 posts · 7 votes

What are your favorite areas for buying new duplexes and 4plexes? Do you know of any builders offering discounted interest rates in those areas? 

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Joseph CacciapagliaBusiness Member
Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
1y

Are you looking for a specific market, or are you asking which markets are the best? Also, when you say best, what is a good deal for you? Is cash flow or appreciation more important to you? Here in San Antonio, most of our new construction multifamily is on the east side of town. We don't have a lot of other options, for that particular product. At the moment I don't believe any are offering interest rate incentives, but that changes all the time.

[email protected]979-218-2286
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  • Joseph CacciapagliaBusiness Member
    Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
    1y

    Are you looking for a specific market, or are you asking which markets are the best? Also, when you say best, what is a good deal for you? Is cash flow or appreciation more important to you? Here in San Antonio, most of our new construction multifamily is on the east side of town. We don't have a lot of other options, for that particular product. At the moment I don't believe any are offering interest rate incentives, but that changes all the time.

    [email protected]979-218-2286
    Joseph Cacciapaglia powered by Morty
    WebsiteView Page
    1Reply
  • Joseph CacciapagliaBusiness Member
    Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
    1y

    Are you looking for a specific market, or are you asking which markets are the best? Also, when you say best, what is a good deal for you? Is cash flow or appreciation more important to you? Here in San Antonio, most of our new construction multifamily is on the east side of town. We don't have a lot of other options, for that particular product. At the moment I don't believe any are offering interest rate incentives, but that changes all the time.

    [email protected]979-218-2286
    Joseph Cacciapaglia powered by Morty
    WebsiteView Page
    2Reply
  • Mike Hansen
    Member since 2024 · 34 posts · 16 votes
    1y

    Depending if you're looking at an owner occupied vs non owner occupied, new builds in San Antonio are offering 3.75-4.25

    0Reply
  • Luka Milicevic
    Real Estate Agent · Nashville, TN · Member since 2015 · 2k+ posts · 2k+ votes
    1y
    Quote from @Joe Si:

    What are your favorite areas for buying new duplexes and 4plexes? Do you know of any builders offering discounted interest rates in those areas? 


     Discounted rates offered by builders work the same way 50% off sales work. 

    Double the price and then mark it down 50%.

    Builders offering reduced rates through their lender have insanely high origination costs that make the loan the same or less appealing than one without a discounted rate. 

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  • Joe Si
    OP
    Member since 2024 · 10 posts · 7 votes
    1y

    Thank you, Luka, Mike and Joseph.

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