Properties Needed!

[Account Closed]

Criteria:

3/1.5 or better
1100 sq ft or better
$850 avg area rent or better
PP up to $125K
Will do own min to medium renovations
Decent homes in good areas
Off Market

Areas of operations:
Augusta GA
Aiken SC
Charleston SC
Charlotte NC
Cincinnati OH
Columbus OH
Columbia SC

Greenville/Spatanburg SC
Indianapolis/Anderson IN
Kansas City MO
Nashville/Clarksville TN
Greensboro/Winston-Salem/High Point NC
Raliegh/Durham NC.

2nd Criteria

3/1.5 or better

1000 SF or better

$900 avg area rent or better

PP up to $240K

Will do rehabs less than 35% of the purchase price

Off Market

Will purchase bulk cash flowing properties within their regions that meet their criteria

Will look at NPN and that have a minimum of $35M in equity, $50M is a sweet spot.

Preferable areas of operations:

Atlanta GA

Houston TX 

Phoenix AZ

Chicago IL 

Las Vegas 

South FL

Dallas TX

Northern CA 

Southern CA

Denver CO 

Orlando FL 

Tampa FL.

There is a 3rd partner purchasing in 38 markets.  Purchasing cash  should be in the next 10 days. So, I'll hold on that info, they have been given enough to look at on opening day.

We will look at wholesale properties across the board, can do assignment of contracts, double closings, but keep in mind, asking prices at retail will eventually end up lost or on the MLS. We buy on the MLS, so more interested in the off market properties.

Will do, and in most cases prefer to do our own rehabs to bring the asset up to our rental standards. Bulk packages are welcomed. .... We have been averaging offers on 2500 properties per calendar quarter.  Apprx 1800 taken down, conservatively.