Multi family investment in Texas

[Alexander Parada]

Hello Guys ,

Looking to acquire a multi Fam property in the Houston / Dallas / San Antonio area. I currently have several sfr props in Texas so would like to stay in the same growing state.

I live in Los Angeles looking for a product 3M-4M value add apartment. If anyone knows of a great broker to connect me with that would be awesome! I have looked at some deals on Loop Net, however want to connect with a seasoned veteran who can assure me I’m picking up a good deal while assisting with the purchase.

I appreciate any input and thanks in advance! I’m also open to TN,

Looking for a Cash Flow prop I know Texas has high prop taxes but something needs to be out there.

[Cody L.]

I'd strongly suggest looking at loopnet and, even if you don't see a deal that works, reach out to some of the brokers that are listing deals that somewhat match what you want.  Brokers will never send their 'fresh' stuff to someone unless they know they're an active buyer in that market.  But you can at least get on their blast list to see stuff before it hits loopnet.  

When you see something that might be a fit (and assuming you know what you're capable of taking down and can bid aggressively on), go after it hard.  When you get it, make sure you mention to other brokers in the area that you're an actual buyer and you just closed on xyz.