Athens Georgia Appetite - Criteria posted

[Jack Tucker]

All,

Other investors, Bird dogs and wholesalers keep asking what are my criteria.  In fact, my criteria are fairly straight forward in 3 genres:

Location: Athens GA and surrounding areas in Clarke or Oconee county Georgia  Almost always must be off-market or negotiated at a substantial discount if on-market.

SFR or MF (2/3/4-plex) cash buys: 2% property after all repairs. I buy these almost every month and they do exist in our market. No warzones... we self-manage... for now.

SFR or MF Sub2 or Owner Finance: Willing to pay a it more here, targeting 0-5% down and 0-5% interest with long am. Balloon at 5+ years ok. Must net 1+%Cashflow, 20+% Equity or both. Yes, I get regularly these in our market. Closing on 2 of them this Friday.

MF (8-100 units) - Athens or 50 miles surrounding. Target 10-12+ cap based on actual P&L. Defered Maint / CapEx and location very important. If no pro forma or actual contract, then I'm probably not interested, unless direct to seller.

So there you go... Bring me something like that. I will tell you yes or no within 24 hours. The majority of my purchases are brought to me by somebody that will get paid by me. The only criteria that I have not achieved on a regular basis in our market is the larger MF. but who isn't looking for that one?