Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Innovative Strategies
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 6 years ago on . Most recent reply

User Stats

488
Posts
459
Votes
Elenis Camargo
  • Property Manager
  • Jacksonville, FL
459
Votes |
488
Posts

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!

Most Popular Reply

User Stats

1,372
Posts
2,198
Votes
Mark Fries
  • Contractor
  • Jacksonville, FL
2,198
Votes |
1,372
Posts
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 

Loading replies...