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Updated almost 11 years ago,
Criteria for deals/marketing to Buy & Hold investors?
My marketing campaign has generated some leads from motivated sellers having property that's occupied, free & clear, and fully rehabbed or requires little to no repair.
I would normally follow the 70% - Repairs for deals/marketing to a rehabber, but since these properties aren't in need of repair do I need to ensure they just meet the 2% rule (or better) for Buy & hold folks and negotiate some meat into the deal for myself?
Example: Property worth $108k retail being offered at $50k cash, fully rehabbed and has tenants in place @ $1k/mo.
What would you do in the above situation?