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Updated over 1 year ago,
Financing off market portfolio purchase
Hello,
So long story short I know someone who has a portfolio of 25 doors, 10 duplexes, 5 single family, all in the same town, each property worth around 300-350k. Talking to her about real estate she mentioned that she wants out, the properties were her husbands who passed away and she just doesn’t want the stress anymore…. They bought them for like 50-60k each years ago. They all pretty much need some type of work. She said “I’m not looking to make a ton of money on them I just want to be done with them, ideally I can find an investor to buy all of them at once.”
I believe I can get these properties for very cheap compared to their actual value. I wouldn’t be surprised if she accepted 50-60% of their value if the portfolio was bought as a whole.
Let’s say she would accept an offer of 2.5 million for the portfolio. How would you fund this?