Portfolio Deal Funding Question - SFH/Multi family

[Brandon Davis]

Good afternoon.

My partner and I have gone all in during the past couple months and have built a real estate investment business complete with virtual assistants and acquisitions managers. We have a robust cold calling campaign and post card campaign. 

I went on an appointment to sign a purchase agreement with a seller that wanted to sell his rental. I asked him if he had any more properties. Long story short, about 3 weeks later we signed a purchase agreement for 13 properties, totaling 24 units contingent upon inspection and financing.

My partner and I could wholesale this deal and make a sizable spread, but we are getting this deal at a deep discount.

Purchase price : 1.08 Million

Tax Value: 1.1 Million

Value based on NOI and cap rate etc: 1.8 million

I have calculated taxes, insurance, miscellaneous, vacancy, maintenance, etc etc..

We don't have the money for a 200k down payment to get in the game so I want to raise the money.

Question:

If you were to give someone 200k as a downpayment on a portfolio, what type of return would you want on your money? What would you need to have to make it worth your money.