Acquiring Over 400 Units While Working a Fulltime W2

[Charles Carillo]

Brian Wager is today’s guest on the podcast. Brian started off with a single-family rental acquisition and was cash flowing monthly with a $450 mortgage and $900 in rent. However, he felt that he could be doing more and decided to then get into multi-family rentals. He chose the value-add multifamily strategy and Brian, along with his wife, would drive around different areas, look for value-add properties, contact the owner and ultimately make an offer. While Brian Wager relied on bank loans and loans from friends for his first acquisitions, he found his niche with seller financing. Seller financing worked for Brian because it allowed him to avoid banks and friends while the owner was able to receive a higher price for their property. Additionally, the seller didn’t see this arrangement as high risk because they were well acquainted with the property and how it performs. Typically, Brian would payoff the seller in a few years after he had completed his value-add strategy and refinanced the property. Brian’s company; Wagers Capital, is based in Arkansas where he now focuses on acquiring 100+ unit multifamily properties.

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