Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
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 over 8 years ago,

User Stats

724
Posts
54
Votes
Marvin S.
  • Wholesaler
  • Wichita Falls, TX
54
Votes |
724
Posts

Looking for Principals in the below categories.

Marvin S.
  • Wholesaler
  • Wichita Falls, TX
Posted

My freelance marketing has developed the below wish list. 

I freelanced marketed and buying principals responded with, for the most part one requirement: Introduce them to truly off market principals who have assets that they havent seen or can't find themselves. So they are not interested in daisy chains. Principals or their verified acting agents, brokers, etc. etc., only.

I say, if anyone is absolutely direct to a selling principal, or offering principal, you will need to be positioned with them where you are covered directly and proof thereof in the offering presentation.

Multi- Families:

Class A-D

Stabilized

Value Add Opportunities

Urban infill opportunities

Development/Re-development

50-5000 units

Locations- From NY down the east coast across the Southern most States to Cali up to Washington State and one State over in most cases.

Chicago

New Jersey

Minnesota, North & South Dakota, Nebraska, Montana, and Wyoming

Memphis TN 10-300 units in good locations

$2-$500M

Retail:

Malls,

Strip Malls that shadow an Anchor retailer

Shopping Centers

Strategically placed stores either distressed, mis managed, bankruptcy, or stabilized, needing debt restructure, development/re-developement

Locations vary because most retail chains are interlocked and located thru out the country

Can carry all expenses up to NNN

$3-$500M

$20M is a sweet spot.

SFR Portfolios:

Ideally 40 or more per package. I think I am at 60+ markets.

1970 or better 1980 or better is the sweet spot.

Current Property Management can stay in some cases, but in most they will be replaced as the buyers won't re-train for less than 200 properties, always negotiable.

Individual SFR's 1960 or better in 25 different markets.

Manufactured Homes/RV Resort Parks:

200+ units close to any major interstate artery where the areas support MH and RV Parks

Sweet sopt: Need 70+ acres of suitable land, along the I-35 corridor between Austin and San Antonio TX.  Also I-25 corridor between Ft.Collins-Colorado Springs.

NPN buyer looking for notes that have $100M+ in equity because they use debt service, but will look at $50M in house.

All of the above I am comfortable with, meaning an understandable relationship has been established and in place.

I also look at SFR in select markets on a co wholesale status, if need be, as I am direct to buyers in those markets as well.

Looking forward to making sustainable introductions!

Marvin

Looking for

Loading replies...