BiggerPockets

Hi,
I am an individual cash investor looking to increase my long term rental portfolio and am planning to purchase 6-10 properties per year over the next few years.

Key criteria:

1. SFH or MFH
2. Under $35,000. (Can go higher if the deal is right)
3. Location immaterial but no War Zones
4. Meets minimum 2% criteria
5. No more than 70% Market Value

Preference is for turn-key properties that are rented with property management in place.

I would also consider a larger package with the right owner financing.

I am the end buyer and can settle quickly for the right deal.

If you think you might have what i'm looking for, either post details in this thread or email me.

Thanks

Taliah,

No geographical preference.

Thanks, Warren

Mark,

I agree that my criteria is but a pipe dream in many areas and I'm not holding my breath for rentals in California or NY :)

That being said, there are plenty of areas now that do meet my criteria, I just have to be prepared for none to little appreciation.

Regardless, I appreciate you taking the time to comment.

Warren

I have a(12 home) package deal in Baltimore county, all single family,some on large lots
3,4 bedrooms,1-2.5 baths,need repairs, minimal and medium rehabs.can be divided contact info: [EMAIL REMOVED]

I have a(12 home) package deal in Baltimore county, all single family,some on large lots
3,4 bedrooms,1-2.5 baths,need repairs, minimal and medium rehabs.can be divided contact info: estatesearch2010@gmail.com

Hi Warren,

We are in the process of acquiring a 2 bedroom, 2 bath in Greensboro, NC. It is about 10 minutes from the local university. It has some updates done already but needs an additional 5k-7k of work to be in rental shape. We are asking 30k, rent from a Section 8 tenant would be around $550. Please let me know if this is something you are interested in.

Warren,

I own three SFHs free and clear. I will sell them to you to meet the 2% rule. They are all rented with property managment in place.

1. 5186 Country Ridge Drive, Sharpsburg, NC 27878 (Manufactured Home)
Purchase Price $27,500 Rent $550
2. 149 Dahlia Avenue, Atlanta, GA 30314 (SFH)
Purchase Price $29,750 Rent $595
3. 2145 Hollywood Drive, unit B, Atlanta GA 30318 (Townhome) Purchase Price $70,150 Rent $1403

I will owner finance them with 50% down. I will also take them back from you if you do not want them and give you the back your original purchase price. I give you this kind of assurance because I know the properties will perform. I am also offering this to you, because I can get better returns with the money in multiplexes and apartments in the current market. And I am working on such deals right now.

Warren,

We provide investment opportunities in MF properties in US emerging markets. We are always looking for equity partners interested in sharing in the cashflow and strong returns at sale. Contact us if you are interested discusing this further.

Hi Warren,

We have many properties in the Detroit and Metro-Detroit (suburban) areas well under $35k and some that are occupied and available as turn-key rentals for under $35. PM me and I'll send you my contact info

Patrick

I have around many properties I am selling all within that criteria. All nice properties fixed up and rented or sold on land contract. I can customize to whatever size needed. These are all in good parts of Grand Rapids MI. I also have these all being managed by a very good property management co. I will email them tomorrow.