Investor · Harrison Township, MI · Member since 2015 · 131 posts · 45 votes
Hey all!
Are there investors out there in higher priced markets who are interested in cash flow over a huge discount?
Our company is looking to connect with investors looking for cash flowing properties (after very conservative repairs, expenses etc).
We come across many deals that don’t fit our equity requirements but still cash flow between 1-2%.
Let’s discuss!
Antoine Martel I guess I should’ve mentioned the location. We work in Michigan, primarily the Metro Detroit area.
Ned Jackson I wouldn’t really say it’s a sales pitch. It’s more of a discussion if we’re able to work with each other. It’s not something we’ve done so I don’t have an exact plan. I’m just wondering if there’s a way we can utilize more of our leads and help someone else fill a void in their own market. I know there’s plenty of investors out there that love cash flow.
@Ryan york I have to agree as a 14 yr investor in Detroit and new to BP. When I heard about the 1-2% target for cashflow on rentals, I thought literally that's "all day" in tha "D"
Aaron B. Lewis lol I hear ya man. Obviously every opportunity has its pros and cons but I think there’s definitely an opportunity for someone.
We don’t have a lot of capital yet so we have to find more heavily discounted deals to pull out our initial investment.
We have numerous 1-2% cash flow deals in non war zones (c-ish areas) even after repairs, but they don’t meet our equity requirement. Someone looking strictly for cash flow could certainly be interested, especially if you’re in a market where rent isn’t even half of a percent of purchase price.