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Updated over 6 years ago on . Most recent reply

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Elenis Camargo
  • Property Manager
  • Jacksonville, FL
460
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489
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Advice on creative deal?

Elenis Camargo
  • Property Manager
  • Jacksonville, FL
Posted
Hi everyone! My husband and I own one single family home in Jacksonville, Florida. We are looking to purchase another using the BRRRR strategy that BP loves to talk about. While looking for these homes, I ran across an agent who’s client is looking to sell off 12 rental properties in the area all around 50K range or so with work required on some. He has a huge portfolio and wants to start selling it off. I am trying to think of how I can acquire all 12 creatively, but I’m kind of stuck. We don’t have a ton of money to put down, maybe 15k total. We do have the other house as an asset but we just bought it in February so there’s not much equity there. Maybe some sort of lease to own? Any ideas that some of you have tried and succeeded with? Maybe it’s foolish to think of acquiring all 12 but I’m ready to move on and do this full time. It would be amazing to have this many in one shot! Any and all ideas are welcome. Thank you so much!

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Mark Fries
  • Contractor
  • Jacksonville, FL
2,199
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1,372
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Mark Fries
  • Contractor
  • Jacksonville, FL
Replied

check the properties over very closely. A lot of investors trying to sell overpriced houses in package deals in jacksonville currently...not sure why but I see a lot of it...usually junker houses 

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