463 units and counting: How one Texas real-estate investor's pandemic-era strategy shift landed him hundreds more income-generating properties
He's utilizing a new long-term investment strategy focused on new developments and duplexes. In 2013, Aaron Amuchastegui knew his real estate investment strategy needed an overhaul. He was losing money.
Rather than quit, he decided to pivot again. Since the start of the year, he's grown his portfolio to 463 units from 295 utilizing a new strategy that added 168 income-producing properties to his portfolio in just a few months time — ranging from duplexes to single family rentals, mostly in Texas. Of the 463, 450 are currently rented to tenants. And his portfolio averages $140,000 in value per unit, with some properties owned personally, some with investors, and some via loan.
Through 2021, the strategy just didn't prove to be as fruitful as it once was."The eviction moratorium isn't quite over yet," he said."Lenders are still very iffy even though evictions can technically start again." Newly developed duplexes are a new, favorable investment because they offer multiple income-producing units, he said, and he's no longer searching the auction block for old, foreclosed-on properties that usually need significant work before someone can live in them.
Given today's low rates and increasing prices, there is ample opportunity to refinance out most if not all of an initial property investment, Amuchastegui said."The rates we get for commercial loans are using one or two percentage points higher than an individual gets for a house loan, but still at historic lows."
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