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Updated almost 7 years ago,
Buying a Single Family portfolio
Hello BP
I have been investing in the Baltimore area buying rentals cash then rehabbing them and doing a few flips to feed my rental growth and generally cutting back to save. I have realized that its a very slow ,time consuming process and also it gives me no leverage as i am paying cash. Its such a slow way to scale so i have been looking into the multifamily space but from what i have been seeing and the people i have talked to i do not have the net worth to qualify for a loan. So i have been looking into a Single Family portfolio possibly with owner financing (i like to get creative!) Me and my business partner have somewhere between 250k to 300k and my business partner's credit score is perfect i am working on mines. Question is , does anyone have experience with or heard of any types of deals like this? I have not seen anything like it or heard of a deal like this or seen questions come up about this in the forums although i have seen some Single Family portfolios for sale. We would probably at minimum be looking for 30 units or more. question is am i chasing something super rare? or are deals like this more common but possibly in other markets, i would love to get so feedback