Direct multifamily buyer
Sell your Texas multifamily property to Kallpa
Kallpa buys 20-to-50-unit multifamily in the major Texas metros. We move quickly on off-market deals from owners who'd rather skip the broker process.
What we buy
What does Kallpa buy in Texas?
20 to 50 units. B/C class, built after the 1960s, limited deferred maintenance, with a clear value-add path through rents, operations, or condition.
Texas is our second-largest market and the place we look first for value-add 20-to-50-unit assets in stable, growing submarkets.
Submarkets: Austin, San Antonio, Houston, Dallas, and Fort Worth, plus their surrounding suburbs.
Why this market
Why is Kallpa active in Texas?
Texas combines depth (more 20-to-50-unit B/C buildings than anywhere else in our footprint), a deep direct-buyer culture (sellers expect to talk to actual buyers, not just brokers), and an underwriting environment where the math is mechanical: high property tax, rising insurance, and rent growth that varies block by block.
Underwriting
What does Kallpa look at first when underwriting a Texas deal?
Texas property tax resets on sale, which is the single most common reason a Texas seller's price expectation gap exists. We underwrite at the post-sale taxable value, not the seller's frozen assessment. We also model insurance to current market quotes and account for hail and wind exposure where relevant.
Sellers we meet
Who are the typical sellers in Texas?
Out-of-state owners are common in Texas, particularly in Houston and the Dallas-Fort Worth corridor. Syndication wind-downs (LP money returning to investors after a fund's hold period ends) are a steady source of off-market opportunity. Family-LLC partnerships needing a clean exit round out the picture.
How it works
How does selling to Kallpa work?
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Contact Jose directly.
Phone or email. He answers his own line.
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Property review.
Address, unit count, rent roll, and a few questions about condition.
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Written offer.
Cash or seller-financed, usually within a few business days of getting the basics.
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Short due diligence.
Inspection, title, and a quick rent-roll verification. We don't drag it out.
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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.
Cities
Cities we focus on in Texas
Market FAQ
Common questions about selling in Texas
- How does Texas's high property tax environment factor into your offer?
- Heavily. We underwrite Texas deals at the post-sale taxable value, not the seller's frozen basis. That's the most common reason a Texas seller's expectation gap exists. We're transparent about the recast and we'd rather pass than overpay.
- Will you buy in secondary Texas metros, not just Austin and Dallas?
- Yes. We actively look in San Antonio, Houston, and Fort Worth, plus the suburb rings around all five major metros. The criteria are the same: 20 to 50 units, B/C class, post-1960s, with a real value-add path.
- Do you account for Texas insurance volatility in your offers?
- Yes. Texas insurance has tripled in some submarkets. We underwrite to current market quotes, not the seller's renewing policy. If the building has hail or wind exposure, we model that explicitly.