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Updated about 9 years ago on . Most recent reply
We offer up to 75% of the ARV and then subtract the repairs
We are aggressively seeking to increase our rental portfolio.
We currently have a budget of $3,000,000.We are able to close quickly.
It is enough to provide us with the property address, asking price, and rental price (if rented), and we will make an offer.
**We are looking to buy properties at a discount to our estimated market value, and it is very unlikely that we will buy any properties at the current market value. We understand that this may not work for many landlords, but we are not able to acquire any properties at "market value."
What are we looking for?
Single family and multifamily homes, we may also be interested in certain commercial properties.
We can acquire properties 1 at a time or in bundles/portfolios.
We are looking for properties in Class A, B, and C areas, no war zones.
Properties can be occupied or vacant.
For occupied properties, we would like the property manager to provide a profit and loss statement for the last 12-24 months. Not required, but this will help us make a stronger offer.
No property inspection is required for occupied properties, although we would like to get recent photographs if possible.
We are willing to take on properties that need a lot of work, so long as the property manager is willing to handle the management of the job.
We do not have strict Rent to Value ratio requirements.
We can use our own closing agency, or one selected by seller.
We will pay for closing costs. Seller must provide clean title.
We would like to continue using the property management company that is currently in place.