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PROPERTY CRITERIA

WANT TO SELL YOUR APARTMENTS OR MULTI-FAMILY PROPERTY?

Whether you’re coming to Freeland Properties, LLC as a passive investor, buyer, seller, or real estate broker/agent, you’ll want to know how we run our business and the properties we buy, owner/operate, and invest in. It’s important to us to show transparency, integrity, and accountability as part of our core values. To keep our reputation as Ohio’s leading real estate investment solutions company, we need to follow strict purchasing criteria. Here’s your opportunity to look “under the hood” at our criteria.

OHIO PROPERTIES

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:

  • Cleveland
  • Akron/Canton
  • Columbus
  • Dayton
  • Cincinnati

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
$72K-250K $2M+
2-4 UNITS 40-500 UNITS
Class B properties and in Class B areas
Value-add

IF YOU HAVE A DEAL
PLEASE EMAIL DETAILS TO

freelandproperties@freelandventures.com

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.

WHY?

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.