Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

How Christian is paying for his taxes in Texas

6 Feb 2024 · 0 min

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In this brief monologue, Christian Osgood explains his financing strategy for covering high property taxes on a $100,000‑per‑year mortgage he is taking out to live in Texas. He notes that half of the mortgage payment is already covered by a personal investment portfolio, leaving a shortfall of about $5,000 per month. To bridge this gap, he and a partner are purchasing a 33‑unit multifamily property for $1.5 million, which is expected to generate just over $8,000 in monthly cash flow. Their ownership stake is 50 % each, meaning the cash flow from this deal will largely cover the remaining mortgage expense. He concludes by indicating that after this acquisition, he plans to pursue another real‑estate deal to further solidify his financial position.

Christian, you're signing up for a $100,000 a year mortgage to live in Texas. Those taxes are pretty high. How are you planning on paying for the rest of that? Well, I have half of it already allocated from a portfolio, which means I have to find another $5,000 a month. Conveniently, we're buying a 33-plex right now. It's 33 units, $1.5 million, it's going to cash flow a little north of $8,000. We own it 50/50, which means I'm most of the way there with that one deal. After that, let's do another deal.