All Forum Posts by: Peter Mitchell

Im looking to sell 150 properties nationwide. I own these assets and am looking to sell all 150 properties in one sale for $4,400/door.

Buyer to purchase properties "as-is" with responsibility for all liabilities associated with the property (i.e. outstanding taxes, liens, etc.). Title to transfer via quit claim deed (we will prepare). Location of properties is spread over 24 states: AL, AZ, CA, FL, GA, IA, IL, IN, KS, KY, LA, ME, MI, MN, MO, MS, NE, NY, OH, RI, TN, TX, VA, WI

Contact me if you are interested.

PJ Mitchell, VP Finance
G8 Capital

Rolly,

Sorry, we are only selling properties that we actually own. Being a CA based company we typically do not sell our CA assets in a bulk fashion. The CA properties which I was intending to include in this trade were very low value and scattered throughout the state. Probably not what you are looking for.

Regarding your inquiry, you will have a hard time finding that type of footprint. Have you done a bulk purchase before? Realistically, you should be prepared to lower your expectation in regards to the size (if you have not done a deal yet, 1-5M) and be prepared to pay up if your criteria is something as specific as Northern California or even just CA.

Just my thoughts. Hope it helps.

Hello all,

I am selling 270 properties nationwide. Don’t want to waste anyone’s time, so please see detail below:

1. Seller - My firm, G8 Capital, owns these properties and I am the one coordinating this sale on the companies behalf.
2. Current Values - Properties are low value. Current BPO’s were completed in August/September 2009 and range from $1-40K
3. Conditions - Buyer to purchase properties "as-is" with responsibility for all liabilities associated with the property (i.e. outstanding taxes, liens, etc.)
4. Title - Title to transfer via Quit Claim Deeds (we will prepare)
5. Footprint - Location of properties is spread over 29 states. Probably no surprise: AL, AR, AZ, CA, FL, GA, IA, IL, IN, KS, KY, LA, ME, MI, MN, MO, MS, NC, NE, NY, OH, OK, PA, RI, SC, TN, TX, VA, WI
6. Pricing - Looking for the highest and best offer for the entire population. I will also carve up the tape by state, however, an “all in†bid will take priority. I get how an investor will price this deal, so know that my expectation is reasonable. I am motivated to move these properties.

Once again, we own these properties / we are the seller. My company, G8 Capital, has acquired 20 distressed portfolio's over the past two years. Please feel free to check out our website for press releases, more info, etc.

If you are interested or know legitimate groups that would be interested, please contact me direct (email below). I will want to get on a phone call to discuss further which will hopefully give both parties (me and buyer) a chance to have some level of comfort before proceeding further.

Thank you all and look forward to working with you.

PJ Mitchell, VP Finance
G8 Capital

Bulk REO portfolio's for sale - We are the owners. I am coordinating an effort to sell 44 of our properties located in 4 specific markets: Ohio, Michigan, Illinois (Chicago), and Georgia.

Our company, G8 Capital, has acquired 15 distressed portfolio's over the past year. Please Google our company or go to our website for a more detailed background. We have listed/sold properties throughout the country through Realtors, however, I thought I would give some of our pre-marketing properties a shot on this forum.

Ideally, I would like to communicate with local investors in these 4 markets. Cash / principal buyers only. No brokers allowed – please don’t call.

If interested, contact PJ Mitchell, VP Finance, G8 Capital --

I'd be interested in talking with you about your contacts, as well. I am interested in properties in the LA area

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