All Forum Posts by: Benjamin Krebs

Current Income:Gross yearly Income: $590,400

Expenses: $130,207.60

NOI: $460,192.40

Cap rate: 8%

Proforma:Gross yearly Income: $775,687

Expenses: $190,607

NOI: $585,080

Cap rate: 9.46%

Unit Mix:

33 – One beds one bath

5 – Two beds one bath

1 – Retail store 

Hello fellow Investors, my wife and I are multifamily investors in Cincinnati Ohio. We're building a small portfolio and have helped dozens of others begin their house hacking and investing for cash flow journeys as Agents/Advisors over the last 9 years. We see a lot of deals but do not have the capacity to snag some of the bigger ones due to lack of capital partners.

Our goal is to build up a 100+ door rental portfolio over the next 24 months or less if feasible. We're *new* to raising capital and partnering, however we've had some experience. Most of the properties we have flipped or hold as rentals are in our own name and used our own cash.

We realize, when scaling, it's slow going as a Mom and Pop op. So, we're hoping to find a legitimate funding partner to help us tackle great multifamily rental deals here in the Cincinnati metroplex.

We have one amazing deal identified at $1.5M ask. 3 Quads side by side each with 2 x 3 Bed Units and 2 x 4 Bed Units in each property. Monthly gross rents at $18000. 11/12 units are fully renovated and property is fully occupied. AMAZING street in a pocket of Quads in a great neighborhood. These properties do not sell often.

The seller is a long time client of mine, we've done many deals together (me as his agent selling his single family flips). However I just do not have the capital to tackle this deal.

Anyone interested in a partnership, you do not need to be local. Many of my clients are out of state or out of country international investors that LOVE Cincinnati just as much as we do!

Gordon Green - Agent/Investor

Hi Everyone,

I am looking for any private money and/ or hard money lenders in the greater charlotte area that can help me with funding a few my deals that I have. I appreciate you in advance and happy holidays!

 @Benjamin Krebs thanks for the info! I'll check into Great American Bank and see what turns up as well as dig into more local lending options. If you have some private lenders I could chat with as well, would be happy to go that route as well, but would be steering clear of Gator options. 

@Miron Briley think you could help? I understand the steps, contracts, and how wholesaling works but I need help with the final steps of closing. I got my first house under contract so really trying to find buyers and someone to help with that 

 Shalom Benjamin, I'm always in the market to discover new creative ways to move property with buyers, investors and financing "Not" readily available. I like to learn more about this. Do you operate in the DFW Metroplex?