Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

20MM in Debt.... someone call Dave!!!

11 Nov 2024 · 1 min

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0:42

A real estate investor with $20 million in seller-financed debt shares how he closed a 26-unit apartment building in Stephenville, Texas with zero out of pocket using bank financing instead. His point: success comes from matching the right deal to the right financing method, whether seller finance or conventional loans, not from being loyal to one strategy.

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I have $20 million of seller finance debt. I've put about $30 million in real estate with it. However, however, there's not the only way to play the game. This year, $0 out of pocket, bank financed, conventional finance. Got an amazing price on it. This deal cash flows like crazy. Clean parking lot, laundry on site, 26-unit building, Stephenville, Texas, my favorite market in the US. It's not about seller financing, even though it's been 17 of my last 20 deals. It's about finding the deal, lining up the debt, whatever the debt product is, and then finding the equity. In this case, we found a partner who's willing to fund it. They get an amazing return. We get a free building. Guys, trying to build a portfolio? Stop trying to marry one strategy. It's deal, debt, equity.