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Updated over 7 years ago on . Most recent reply

User Stats

48
Posts
86
Votes
Mark Waldrip
  • Investor
  • Oklahoma City, OK
86
Votes |
48
Posts

Marketing a Turnkey 7 Property Package

Mark Waldrip
  • Investor
  • Oklahoma City, OK
Posted

Hi, looking for advice on marketing a 7 property package with owner financing. These properties consist of 6 SFR's and 1 vacant lot, all on the same street in N.E. Oklahoma City. We have purchased, rehabbed and rented them to good tenants, and they are all paying well. The CAP rate and CoC returns are very good.

My question is what's the best way to market this to experienced Landlords who knows how to manage properties, that will keep them in good condition. Since I'll be holding the note, I don't want to risk having to take these back later in a run down condition or lower value than they are now! We've worked very hard to make these the best they can be, and I want to make sure they stay that way. 

I've looked at LoopNet but they seem to be mostly commercial or apartments. I don't want to put them on Craigslist because I don't want to deal with a bunch of looky-loos or wanna be investors! haha

There are some investor groups in the area meet up, so I thought about attending them or posting to the local REIA.

Hoping someone has gone down this road and might have some advice (or warnings!). 

Thanks for your wisdom!!

Most Popular Reply

User Stats

1,144
Posts
1,140
Votes
Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
1,140
Votes |
1,144
Posts
Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
Replied

@Mark Waldrip I would put a good property management company in place, and a note servicing company, and require the buyers to continue using them until the note is paid in full.  This will take away a lot of your worries, and you will be notified quick if there's any issues.  Also, I may be interested in the deal. Please send me the details.

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