All Forum Posts by: Jonathan Zheng

Aside from the DD needed on each unit, the numbers work out after calculating expected gross rent (taken from comps and FMR) less the expenses associated with NOI & adjusted NOI - fall around a 25%-35% CoC return. Unless I am missing something, I don't see how most properties in SoJack don't cashflow.

Most of these properties are in C/D tier neighborhoods and are either off-market or overlooked on the MLS. The individual unit cost is low, so it would be necessary to bundle them together as a portfolio.

Thanks for the insight Susan - that's very helpful. 

@Robin Simon Thanks for the info, we have been reaching out to local lenders. If they are the only ones capable of financing these transactions, would that mean it would directly affect DTI & cap our portfolio at 10 doors conventionally?

Hi all,

I am currently eyeing a couple of individual SFH properties and a small 8-unit SFH portfolio. All of these SFHs cashflow great and have high CoC returns. They need minimal rehab to get to market. However, nearly every lender I've spoken to has a hard minimum of 50k-75k loan value, except for 1 which charges 15% to loan value in closing costs. I am planning on scaling out in this area very quickly, but it would not make sense without leverage.

Does anyone know a private lender, local bank, or credit union that can facilitate these transactions with reasonable fees?

Thanks in advance!