Updated over 8 years ago on . Most recent reply
Help! Should I buy 26 houses?!?!
Hey guys!
I need help big time! I think I am the only person so far that has knowledge and information on an investor package of 26 houses in an emerging market outside of Nashville. Nashville is so hot, that anything affordable is more and more south. So that's where this is. If I can even get the financing and/or partners to do it, it is a LOT of scruffy, way-under-market-rent houses to have to turn around. They are all at least $200 under market rents, and I don't know yet how many new roofs, HVACs, if any, windows, electrical updates may be needed yet. I have a great management company that may help. But my question is, should we try to even acquire a package like this? They are 100% occupied. Overall price per house would be like, $40k. (I DO have the team to fix, manage, rehab, etc--but getting the money is a different story! I'm putting together a portfolio for potential lenders to show them the hotness and investment worthiness of the area :) May rehab some, sell some off, etc.