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All Forum Posts by: Nick Steers

Nick Steers has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: 11 Property Opportunity - How Do I Make This Work???

Nick SteersPosted
  • Portland, OR
  • Posts 1
  • Votes 0

I recently received a direct mail response from a seller with +/- 11 single family rental homes in my area that she wants to unload. She has made it clear she is not selling at large a discount, and (according to her) they are all turnkey properties so I am not expecting a huge value add opportunity (market value for each is between $325-$375). I am a newbie (just filled my first rental with my first tenant this month) trying to figure out how I can make this deal work. I am aware I will need money partners, portfolio lenders, seller financing components, or all of the above, just feel a little out of my league and don't know where to start. Any thoughts, suggestions, strategies, similar experiences to share? Thanks!!

Nick

0 Votes