Seeking Financial Partner for Package of 7 Duplexes

WantFinancingPrivate Money
Classifieds

Seeking Financial Partner for Package of 7 Duplexes

Dustin FaethPro Member
Real Estate Investor · Columbus, OH · Member since 2013 · 149 posts · 92 votes

Hey BP,

I'm currently in contract to purchase a package of 7 fully occupied, cash flowing duplexes in Columbus, Ohio, and I'm seeking a financial partner for this deal.  

This is an off market deal and the current owner has been self managing these for the past 12 years but getting too old and having some health issues so she's ready to sell.  

There is a lot of upside with this deal to increase rents along with a huge potential for appreciation of property values in this area over the next several years based on location.  Current Gross Monthly Rent is $7,885 ($94,620 Gross Annual Rent), and based on market rents in this area I estimate rents can be increased an average of 30% - 40% overall.  

I'm currently in contract at a purchase price of $575K, with a scheduled closing date of 4/5/17.  If you are interested in being a financial partner on this deal, please send me a message and I can send you more info or jump on a call to discuss details, terms, etc. 

0Reply
5 views

4 Replies

Jump to latestLatest
  • Lender · Layton, UT · Member since 2012 · 67 posts · 7 votes
    9y

    I have lenders that can fund this deal.  Please contact me to discuss options. 

  • Murfreesboro, TN · Member since 2016 · 47 posts · 10 votes
    9y

    I may be interested in being the financial partner in this deal Dustin. Let's discuss!

  • Singapore, Singapore · Member since 2017 · 16 posts · 3 votes
    9y

    Dustin, if you're still looking for partners, I may be interested in participating. My email is abejosephbp AT gmail DOT com.

  • Lender · Irvine, CA · Member since 2017 · 85 posts · 8 votes
    9y

    Hi @Dustin Faeth

    Feel free to PM me if you're still in need of funding. We would be happy to take a look at the deal and help fund this acquisition.

    Cheers!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.