Our Buying Criteria

WestarCrew Buying CriteriaWestarCrew is actively buying all over the country, with a current specific focus on the Texas Triangle, Middle Georgia, Metropolitan Detroit, and North & Central Illinois. We are most interested in the following types of properties.

Residential (Single Family / Duplex / Triplex / Quadplex)

We buy houses with cash, transform them, and create move-in ready dream homes. Our mission is to help homeowners and improve our community with every project we work on. We specialize in the following:

  • Cosmetic and Major Fixer Uppers
  • Fire Damage / Water Damage / Foundation Problems
  • Property Inheritance / Probate
  • Tear Down and New Construction
  • Delaying or Stopping Foreclosure
  • Back Mortgage Payments
  • Buying Homes with Little or No Equity
  • Job Loss / Relocation / Divorce
  • Deferred Maintenance

Retail & Multifamily Buying Criteria

Distressed buildings with significant upside including: Multi-Tenant Retail / Strip / Shopping Centers (10k ft – 80k ft) and Class B or Class C Apartments (10-100+ units) priced between $1-6M. More specifically in order of importance:

  • A realistic seller who understands that their asset (in it’s current condition) isn’t worth pro-forma value
  • Priced below replacement cost (typically well under $100/ft); up to $6,000,000
  • High vacancy (ideally at least 25-50%)
  • Significantly below market rents
  • Buildings with deferred maintenance / physically obsolete
  • Desirable areas: strong traffic counts / employment
  • Prefer median household income over $50k
  • Built after 1970
  • Location: Southeastern Texas and Central Georgia focused, but will consider nationwide.

 

Contact us — Call 478-238-8815 or Email team[at]westarcrew.com