We have an Increasing number of single family home real estate investment opportunities. We are actively networking for $1.3 million in funding now and an additional $2 million in June
We only buy properties that are homes. Most of our deals are single family homes only because we are not finding multi-family properties that meet our buying criteria . Currently there are no shortages of buy and hold deal opportunities in our core market which is Tampa Bay Florida. We have one buy fix and flip property on our radar screen.
We buy properties to fix and resell (flips) and buy and hold (rentals) Our business model limits our acquisitions to distressed properties which allows us to quickly create a margin of equity that further secures the principle of our funding sources.
Recently we published an article about our exclusive bank owned (REO) bulk buy program (Click Here For That Article) Our goal is to invest up to $500,000 in these properties this month. That list is published on or about the 20th of each month.
Buy Renovate and Resell Properties: The deals we have done this year to date are projected to result in a 30% or higher return on investment for our funding partners. Going forward we are looking for 100% of the funds needed for these deals from one source. Our view is 30% on an annual basis is conservative. Our plans are to be in, renovate and sell in 6 months or less. The first property to be listed this year sold took 4 months to buy, fix and close. We have two more coming on line to be listed now. We are planning on acquiring one home about every two months in the Tampa market as we are not finding many opportunities that have the profit potential our model requires. We have a highly skilled partner who plans and executes our renovations.
Buy and Hold (Rentals): For single family homes we are looking to pay about 8% for the funding required for a property and share in the equity build during the hold period. The spread between our all in cost at the time we acquire the property and market value is usually 10% or higher. The annual equity build is currently projected to be 5%. We are requesting a three year commitment on the funding for these deals. The average annual return for this model is estimated to be 12% each year for three years. We use very experienced property managers for this niche and our ROI calculations are net of 35% for expenses including property management.
Bulk Buy Bank Owned Properties (REO): We have a strategic partner for this program that has been in this niche for 8 years and has all the direct banking contacts. Additionally there is a unique exit strategy so we are looking to joint venture for funding to initially buy $500,000 of properties each month. The source of funds can reasonable expect annual returns in excess of 30%.
For more information and immediate consideration please call
PS We are requesting 100% of the funds required for these properties. The funds can be structured as combination debt and equity.