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Updated over 7 years ago,

User Stats

40
Posts
9
Votes
Holly Scanlon
  • Watertown, CT
9
Votes |
40
Posts

Wholesaling to a landlord investor

Holly Scanlon
  • Watertown, CT
Posted

Hello! I have a few questions regarding wholesaling to a landlord investor. I have a lead on a single family house, owned by an investor who is trying to liquidate their assets. The majority of the updates have been done, fresh paint, new carpets, furnace,  hot water heater, etc. It needs a roof and the kitchen should be updated. Based on this information, the numbers don't work for a flip. 

So my questions are: When an investor is purchasing a property to hold, what is the rate of return they typically look for? 

If they were to take out a loan to purchase the property, how much do they have to put down and what is the interest rate, typically? Also, how long do they take out the loan for? 30 yrs? 15? Points? 

For a single family home does the investor usually pay for lawn care/snow removal? Or is that up to the tenant. 

I'm trying to use the BP calculator but I'm not confident on my numbers that I'm using yet. I know that it's really a case by case basis depending on the buyer and how much capital they have. But I'd like to hear from some people with experience to help me understand a little better. Thank you. 

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