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Updated almost 9 years ago on .

User Stats

70
Posts
27
Votes
Marques J.
  • Rental Property Investor
  • Medford, OR
27
Votes |
70
Posts

Lending Partner on Distressed Condo's in Oregon for Vets in need?

Marques J.
  • Rental Property Investor
  • Medford, OR
Posted

Good afternoon to all.

I am working on a multi unit distressed condo project in Oregon.  I have multiple exit strategies identified but preferably, I would like to keep them in the hands of veterans/low income as rentals or purchases. The units need work but that is reflected in the deeply discounted price. 

Oregon is in a housing crisis and the low income, bad credit and vets are being hit the hardest. I created a non profit to run them through if I needed to. I have not got as far as a 501c3 yet.

Are there any parties that might be interested in a project like this? I am open to how these are purchased and ran but my goal is to get them rented to vets and low income families and keep the HUD renters that are already there (3). Please private message me if interested.

This is a win win. Even at Hud-vash rates these cashflow well. ARV gains are outstanding long term. Not to mention these units would be rented in 1 hour if I opened them up for Applications.

Anyone? Time is of the essence.

Thanks

  • Marques J.
  • Looking for