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Updated about 7 years ago on . Most recent reply

User Stats

249
Posts
54
Votes
Mushfiq S.
  • Seattle, WA
54
Votes |
249
Posts

Looking to purchase a 2-4 Unit Multifamily and build a team

Mushfiq S.
  • Seattle, WA
Posted

I have been actively investing in Florida area for a couple years now and would like to start branching out to other markets. I represent three buyers: 1) LLC Partnership that buys cash, 2) myself, and 3) family.

I am looking to purchase a 2-4 unit Multifamily in a strong landlord-friendly market (i.e., Indianapolis, Memphis, etc). We have cash and financing available today. Here is my general criteria:

  1. Positive cashflow ( > 1% gross rents to purchase ratio)
  2. Low crime area (Green on Trulia preferred)
  3. Purchase price less than $200,000 (or nearby is OK)
  4. Major CapEx repairs completed, or will be completed by seller (i.e., roof, HVAC, etc)

In addition to this, I am looking to build my network in various areas. Looking for:

  • Investor friendly real estate agent: you must be active in the market, honest (willing to tell me "it is a bad deal"), and well connected
  • Property management

Looking forward to connecting. Please reach out in this topic, or message me. We can continue discussions via BP, email, and/or phone.

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