Portfolio Acquisition- Advise on deal/ Possible Partner?

[David Prince]

I am seeking an experienced multifamily investor/mentor to closely advise on assessing a portfolio acquisition and possibly partner if interested. The seller is liquidating his portfolio to pivot his business into new construction/development. He has several properties, two listed (10 unit and 24 unit) and several not yet listed (44 unit and several 4/6 unit). The realtor is sending me additional information on all the assets he is liquidating this week so I have a full inventory shortly.

Here is a link to the city-stats. I know this town- born and raised here so Im familiar with the demographics. http://www.city-data.com/city/Bedford-Indiana.html

Details on the two listed properties (additional property information coming this week):

Bedford, IN

Great Opportunity! 5 Duplexes (10 units)! 6-2BD/1BA and 4-1BD/1BA apartments. Well maintained and great rental history. Multi Family with a 8.5% cap rate and great NOI. This complex can be purchased individually and will also be listed in a portfolio.

$477,900-

5 Duplex (10 Units)

(6) 2bd/1bth (est. rent $750)

(4) 1bd/1bth (est rent $500)

Price: $29,875/bedroom (16 bedrooms)

8.5% cap rate

Shoals, IN

Great Investment. 24 all brick units in Shoals- Martin County. This property offers a 8.5% cap rate and great NOI. 16- 1BD/1BA and 8- 2BD/1BA. Tenants pay their own electric and owner pays water (tenants pay a flat fee monthly to cover). Common Laundry room and playground. Showings are available with a 24 hour notice. This property is offered individually and will be offered in a portfolio with 2 other apartment complexes as well.

$889,700

24 unit

(16) 1bd/1bth (est rent $450)

(8) 2bd/1bth (est rent $700)

Price: $27,781/bedroom (32 bedrooms)

8.5% cap