BackTrust Commercial is a Texas acquisition and investment firm focused on small and mid-sized multifamily. Depending on the property, we may purchase directly or connect you privately with qualified investors who buy your type of property.
Texas-specific things to know before you sell
Texas has no state income tax, but property taxes are among the highest in the country, and buyers will typically estimate taxes based on their purchase price — not your current bill. Insurance costs have also risen significantly, especially near the coast. Both directly affect what buyers can pay.
Markets vary widely across the state. Values and buyer demand in Dallas-Fort Worth, Houston, San Antonio and Austin differ from those in Waco, Tyler or Longview, where there may be fewer comparable sales and local knowledge matters more.
How multifamily valuation works
Most buyers start with net operating income (NOI): rent and other income collected, minus operating costs such as taxes, insurance, utilities, repairs and management. They divide NOI by a capitalization rate that reflects the market and the property's risk. For example, $100,000 of NOI at a 7.5% cap rate suggests a value around $1.33 million. Recent comparable sales, condition and upside then refine the number.
What buyers look at
- In-place rents vs market
- Occupancy and collections history
- Property taxes and insurance at the new price
- Roof, foundation, plumbing and HVAC condition
- Utility metering and who pays utilities
- Location and local employment
Private sale vs. listing
Private (off-market) sale
No public marketing, fewer showings, tenants undisturbed, flexible timing and terms. Less buyer exposure.
Broker listing
Wider exposure to buyers and competitive offers. Public marketing, more showings, commissions and a longer process.
Neither is right for everyone. We'll tell you honestly which we think fits your goals.
Common reasons owners sell
- • Retirement or wanting less day-to-day management
- • Partnership or family ownership changes
- • An inherited property
- • Deferred maintenance or rising costs
- • Freeing up capital for another investment
What Happens Next?
- 01
Tell us about your property
- 02
We review the information
- 03
We discuss your goals
- 04
We explore potential options
- 05
You decide whether to move forward
Frequently asked questions
Your information is confidential. We will not publicly market your property without your permission.
Ready to explore your options?
Tell us about the property. It takes about 5 minutes, and there's no obligation to sell.
- Confidential
- No obligation
- Free property review
Helpful guides
- How Much Is My 10-Unit Apartment Building Worth in Texas?
- How to Sell a Small Apartment Building Without Listing It
- What Documents Do I Need to Sell an Apartment Building?
- Should I Sell or Keep My Multifamily Property?