Direct multifamily buyer
Sell your Austin multifamily property to Kallpa
Kallpa buys 20-to-50-unit multifamily in the Austin metro. We talk to owners directly, structure offers around your timeline, and close on owner-financed deals.
What we buy
What does Kallpa buy in Austin?
20 to 50 units. 20 to 50 units, B/C class, post-1960s, with a value-add path.
Austin's value-add window is narrower than it was, but the right 20-to-50-unit B/C class buildings still pencil. We're patient buyers, not flippers.
Submarkets: Austin proper plus Round Rock, Pflugerville, Cedar Park, Buda, Kyle, San Marcos.
Why this market
Why is Kallpa active in Austin?
Austin's compression cycle scared off most casual investors, which thinned the buyer pool for 20-to-50-unit B/C buildings. The owners still left selling now are mostly the patient ones, and so are the buyers. We fit on the buyer side of that.
Underwriting
What does Kallpa look at first when underwriting a Austin deal?
Austin underwriting requires honesty about post-2022 rent normalization (asking rents in some submarkets are below 2021 peaks), Travis County property tax reset on sale, and insurance pricing that has moved up sharply. We don't pretend the 2020-2021 rent growth is repeating soon.
Sellers we meet
Who are the typical sellers in Austin?
Austin sellers we meet most often: owners who bought before 2018 and are sitting on substantial appreciation (good seller-financing candidates), syndicators winding down their first or second fund, and short-term-rental converters going back to long-term operations after returns disappointed.
How it works
How does selling to Kallpa work?
-
Contact Jose directly.
Phone or email. He answers his own line.
-
Property review.
Address, unit count, rent roll, and a few questions about condition.
-
Written offer.
Cash or seller-financed, usually within a few business days of getting the basics.
-
Short due diligence.
Inspection, title, and a quick rent-roll verification. We don't drag it out.
-
Close at title.
14 to 45 days depending on structure.
Tell Jose about your property
Two minutes. No broker. He'll read it himself and reply within a business day.
Related
Related
Market FAQ
Common questions about selling in Austin
- Are you still buying in Austin given how compressed cap rates got?
- Yes, but selectively. We pass on stabilized assets at market cap rates. We buy when there's a real value-add story, when the seller is motivated, or when seller financing closes the price gap.
- How fast can you close on an Austin multifamily property?
- 14 days on a clean cash deal with cooperative title. Travis County has good title infrastructure. Seller-financed deals run 30 to 45 days for note documentation.