Attracting investors for low income properties
I am trying to find ways of attracting and offering a win win deal for potential investors in low income rental properties that I am starting to purchase. Heres my basic business model: buy homes between 10k-30k and put anywhere from 5k-25k into them to make rent-ready for an all in price of no more than 40kish. With these homes we rent for between 650-850ish a month and do section 8. Guaranteed money and usually longer leases because the government is paying most the rent. My goal is to have 100+ homes within the next 5-7 years. My question is this: What are some ways that you guys/gals would structure offers/deals to private money lenders and or possible parters? I personally have about 75k cash on hand personally but are obviously going to need alot more to reach my goal of 100 units . Thanks BP community!
Most Popular Reply
Personally I steer clear of section 8. Those tenants are brutal to properties and the repair expenses can be big. Managing these tenants is also more difficult.