Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Real Estate Deal Analysis & Advice
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 almost 9 years ago,

User Stats

455
Posts
182
Votes
Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
182
Votes |
455
Posts

19 SFR's & 47 MF Units off market portfolio deal...

Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
Posted

I have recently been working on improving my systems and looking to hire some help, and one of the very first batch of letters I sent out finally called me!

Turns out they are building some hotels and want to get rid of their SFR and Multi Family portfolio. Ready or not, here it is.

We are definitely in the courtship phase, but I am brainstorming just what I might do with this large of an opportunity. I'm not excited yet, because we haven't even talked pricing. (If they say some good numbers I'll get excited.)

Chances are high they want top dollar.

BUT, in the event we can work something out, I'm wanting to see what I can do with this!

Considering coming to agreement on entire package, then writing individual contracts per property. I might wholetail the SFR's (before closing on MF's) to get some capital for the down payment. Might see if they'll do a 20% carry back on the portfolio. Also might get some partnerships going with local experience to be able to pass a bank underwriter's inspection.

Could just wholetail the SFR's and pass on the rest. Who knows. Stay tuned.

User Stats

20
Posts
2
Votes
Emilio Caamano
  • Investor
  • Leander, TX
2
Votes |
20
Posts
Emilio Caamano
  • Investor
  • Leander, TX
Replied

Good luck ! If any opportunity for Buy and Hold appears, let me know!

User Stats

455
Posts
182
Votes
Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
182
Votes |
455
Posts
Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
Replied

Thanks @Emilio Caamano

What are you looking for in terms of a buy and hold investment? Let me know.

Equity Trust logo
Equity Trust
|
Sponsored
Avoid taxes when you sell your next investment property Savvy real estate investors can save thousands with a 1031 exchange