WANT TO SELL YOUR APARTMENTS OR MULTI-FAMILY PROPERTY?
Do you own apartments or multi-family in Ohio? Have a property for sale? Or a client who’s selling? We’re buying them! We look for value-add commercial apartment buildings as well as residential multi-family properties (2-4 units) in the sub-markets around:
For the area’s larger commercial apartment buildings, we look in the range of $2M and up. Properties with 40 – 500 units fall into this category. For residential multi-family, our price range is $75k-250k. These properties should have 2-4 units to qualify.
|OHIO PROPERTY CRITERIA|
|RESIDENTIAL MULTIFAMILY||COMMERCIAL APARTMENTS|
|2-4 UNITS||40-500 UNITS|
|Class B properties and in Class B areas|
Overall, we look for cash-flowing apartments and rentals, primarily in Ohio. Our goal is to buy, stabilize, increase rents, refi, and pay off with lenders and investors quickly—typically within 18-30 months or less! We then hold the property to create long-term wealth for us and our investors.
These criteria help us stay true to our core values. We look for that good initial cash flow to provide stability in financing. That cash flow lets us quickly make the property improvements needed to stay compliant. By purchasing with a bridge loan or Fannie Mae/Freddie Mac permanent loan, we are better able to keep our investors’ preferred returns at 8-10% until refi. That way we can provide financial security and freedom for our passive investors with a growing return on investment each year.