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Updated almost 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.

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