Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

102
Posts
27
Votes
Brandon Becsi
  • Rental Property Investor
  • Richmond, VA
27
Votes |
102
Posts

Attracting investors for low income properties

Brandon Becsi
  • Rental Property Investor
  • Richmond, VA
Posted
I am trying to find ways of attracting and offering a win win deal for potential investors in low income rental properties that I am starting to purchase. Heres my basic business model: buy homes between 10k-30k and put anywhere from 5k-25k into them to make rent-ready for an all in price of no more than 40kish. With these homes we rent for between 650-850ish a month and do section 8. Guaranteed money and usually longer leases because the government is paying most the rent. My goal is to have 100+ homes within the next 5-7 years. My question is this: What are some ways that you guys/gals would structure offers/deals to private money lenders and or possible parters? I personally have about 75k cash on hand personally but are obviously going to need alot more to reach my goal of 100 units . Thanks BP community!

Most Popular Reply

User Stats

98
Posts
84
Votes
Joseph Hennis
  • Fairfield, CA
84
Votes |
98
Posts
Joseph Hennis
  • Fairfield, CA
Replied

Personally I steer clear of section 8. Those tenants are brutal to properties and the repair expenses can be big. Managing these tenants is also more difficult.

Loading replies...